By Nancy Olewiler, Herminia A. Francisco, Alice Joan G. Ferrer
This ebook is a compendium of case experiences illustrating how fiscal instruments and methods can be utilized to deal with a variety of difficulties within the administration and conservation of marine and coastal ecosystems in a constructing state context. The experiences, that have been performed with aid from the economic system and atmosphere software for Southeast Asia (EEPSEA), conceal subject matters resembling mobilizing conservation finance from beneficiaries of marine and coastal environment companies; quantifying environment harm and its impression on dependents of surroundings assets and companies; deciding upon the simplest package deal of coverage reforms that positioned a cost on pollutants and control fiscal actions producing toxins with the target of restoring coastal and marine assets; and examining community-based associations that aid sustainable administration of fisheries and coastal assets. stories within the ebook additionally supply normal instructions for undertaking monetary value determinations. it really is crucial studying for academics, researchers, scholars and practitioners in fishery economics, fiscal improvement, atmosphere administration, and different key matters dealing with policymakers within the Southeast Asian region.
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Extra resources for Marine and Coastal Ecosystem Valuation, Institutions, and Policy in Southeast Asia
The economic benefits of conserving beachscapes represented by the visitors’ aggregate WTP reflect the extent of the value of the beachscape beauty at risk of being lost in the long run if conservation efforts are inadequate. This can help drive the Caramoan municipal government to set up a payment scheme to collect such fees and allocate a larger annual budget for the management and conservation of beachscapes and coastal resources. Most of the local environmental issues known to the visitors are associated with weak enforcement of laws brought about by the relevant institutions’ scarcity of funds and the poor economic condition of a larger proportion of the fishing community.
This is followed by the following reasons: to provide a steady source of funds for ecotourism management (19 %) and to reduce the threats to coral reefs, mangrove, and sea grass beds (13 %). Improving law enforcement received the lowest support (3 %) for reasons respondents are willing to pay into a beachscape conservation program. On the other hand, distrust or refusal to believe that the money paid would actually be used for beachscape conservation was the most frequently cited reason for unwillingness to pay (39 %).
The visitors’ WTP in the general model was estimated to be PHP 897. The average monthly visitors were estimated to be 1,000 tourists per month. 76 million annually. Bid amount, age, and income were the only factors that consistently correlated with WTP in all of the analytical models. This indicates that younger visitors and those who have higher income are more likely to be willing to pay for conservation. The estimated economic value of conserving the Caramoan beachscape justifies the relevance of investing public funds to pursue sustainable beachscape ecotourism development in Caramoan.