Economic Valuation and Protected Areas.

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Economic Valuation and Protected Areas.
Venetia Hargreaves-Allen Imperial College
London Conservation Strategy Fund
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Economic Valuation and Protected Areas.

• Outline.
• Types of economic studies
• Principles of economic valuation
• Uses of economic valuation
• Research in Belize

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Types of economic study.

• Economic valuation
• beyond financial analysis
• value of net values
• Economic impact analysis
• value income employment impacts,
• Market value based
• Cost benefit analysis
• For future policies, projects and investments

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Key concepts in economic valuation.

• Consumer surplus
• Producer surplus
• Multipliers
• Economic incentives
• Willingness to pay or accept
• Total economic value
• Direct use indirect use non use values.

Increasingly difficult to measure
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Benefits of Protected Areas.

• Use Values
• Marketable products
• Recreation/tourism
• Ecosystem services
• Research
• Education
• Option Values

• Non-Use Values
• Bequest
• Existence value
• Spiritual
• Cultural / historical
• Intrinsic value

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Valuation methods.

• Market or shadow prices
• Effect on production
• Replacement cost
• Damages avoided
• Revealed Preference.
• Travel cost method
• Hedonic pricing (houses)
• Stated Preference.
• Contingent valuation
• Choice modelling

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How can you use valuation?

• Help raise revenues and sustainable financing
• Raise stakeholder, policy maker donor awareness
• Justify additional investment
• Identify more / equitable sources of funding
• Inform damage assessments

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How can you use valuation?

• Economic studies can enhance management
• Baseline indicators to judge policy impacts or
  management goals
• Understanding incentives faced by illegal
  resource users
• Understand trade-offs implicit in decisions
• Information for cost-benefit analysis
• Full cost accounting

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Affecting management

• Influencing legislation
• Designing interventions (taxes, regulations,
  incentives)
• Maximise benefits through targeted management
  based on whole range of values
• Identify marginalised stakeholders to target
• Appropriate price setting / controlling visitor
  numbers

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My research interests.

• Benefits AND costs generated by marine reserves
• How these are distributed
• How this will affect management goals
• How to encourage resource conserving behaviour
• How to maximise long term benefits

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My research plans.

• Economic analysis of a marine reserve as a case
  study
• 1) Economic value of Gladden spit
• 2) Economic impact of Gladden spit
• Global study
• 3) Management questionnaire

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Marine Managed Area Science.

• Ecological and economic studies
• 4 case study countries
• 10 projects in Belize
• People involved
• Outputs workshop, film
• Methods and protocols will be shared
• Link with WRI economic valuation

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Economic valuation at Gladden Spit.

• Two major objectives
• Calculate the current economic value of goods and
  services derived from a marine reserve.
• Exploring the effects of potential scenarios on
  future economic values.

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Values to be measured at Gladden Spit

• Five major areas gross and net values.
• Tourist values
• Tour operator producer surplus
• Fisher producer surplus
• Community values
• Coastal protection values

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Economic impact of Gladden spit.

• value of income and employment benefits
• fishing, tourism, research and management
• Identify winners and losers
• Examine user incentives

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Global MPA management survey.

• On-line survey to examine global patterns
• Economic costs generated by the MPA
• Economic benefits generated by the MPA
• Fiscal initiatives / measures employed
• Indicators of MPA success
• Factors associated with MPA success
• Contact details please help!

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Acknowledgements.

• Conservation International and Conservation
  Strategy Fund
• Friends of Nature
• Fisheries department
• UK government
• My supervisors
• Contact me vhargreavesallen_at_gmail.com.