Economic valuation of ecosystem goods and services with special reference to estuarine wetlands In: ICAR Sponsored Winter School on Recent Advances in Fishery Biology Techniques for Biodiversity Evaluation and Conservation, 1-21 December 2018, Kochi.

Vinod, K (2018) Economic valuation of ecosystem goods and services with special reference to estuarine wetlands In: ICAR Sponsored Winter School on Recent Advances in Fishery Biology Techniques for Biodiversity Evaluation and Conservation, 1-21 December 2018, Kochi. [Teaching Resource]

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    Abstract

    Economic valuation of biodiversity is performed for three important reasons viz., (i) to facilitate cost-benefit analysis, (ii) to integrate with the system of national accounts i.e. ‘green accounting’ and (iii) for proper pricing of biological resources. Cost-benefit analysis of investments and policies, that incorporate environmental costs and benefits, are essential to enable planners and policy makers to choose the investment that would bring in maximum net benefits to the society. Environmental accounting adjusts the standard gross domestic product (GDP) measure to take into account any depreciation in the environmental base of the economy. In the absence of markets for the biodiversity or the services, valuation of loss in biological diversity is necessary to maintain a balance between conservation and economic development.

    Item Type: Teaching Resource
    Subjects: Socio Economics and Extension > Fisheries Economics
    Divisions: CMFRI-Kozhikode
    Depositing User: Arun Surendran
    Date Deposited: 05 Jan 2019 05:12
    Last Modified: 15 Feb 2019 04:57
    URI: http://eprints.cmfri.org.in/id/eprint/13320

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