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Mechanisms to capture economic values of marine biodiversity: The case of Tubbataha Reefs UNESCO World Heritage Site, Philippines

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  • Subade, Rodelio F.

Abstract

This paper examines the use and non-use values of coral reefs as applied to the Tubbataha Reefs UNESCO World Heritage Site. Results from various studies indicate that economic benefits/values from conservation far exceed the costs of conservation. Mechanisms on how such economic values have been and can be captured are discussed. It is noted that non-use values could provide huge capturable economic values.

Suggested Citation

  • Subade, Rodelio F., 2007. "Mechanisms to capture economic values of marine biodiversity: The case of Tubbataha Reefs UNESCO World Heritage Site, Philippines," Marine Policy, Elsevier, vol. 31(2), pages 135-142, March.
    • Handle: RePEc:eee:marpol:v:31:y:2007:i:2:p:135-142
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    Citations

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    Cited by:

    1. Joseph Cook & Marc Jeuland & Brian Maskery & Dale Whittington, 2012. "Giving Stated Preference Respondents “Time to Think”: Results From Four Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(4), pages 473-496, April.
    2. Malayang, Ben S., III & Jacinto, Gil S. & Castro, Joan Regina & Subade, Rodelio F. & Alampay, Ramon Benedicto A. & Cruz, Lourdes J., 2023. "Fisheries Management Areas in the West Philippine Sea and Their Heritage Values," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 20(1), June.
    3. Dale Whittington & Stefano Pagiola, 2012. "Using Contingent Valuation in the Design of Payments for Environmental Services Mechanisms: A Review and Assessment," The World Bank Research Observer, World Bank, vol. 27(2), pages 261-287, August.
    4. Rosalina Palanca-Tan, 2020. "Capturing Urban Households' Benefits for Preserving Natural and Cultural Resources in a Neighboring Rural Area: A CVM Approach," Department of Economics, Ateneo de Manila University, Working Paper Series 202010, Department of Economics, Ateneo de Manila University.
    5. Subade, Rodelio F. & Francisco, Herminia A., 2014. "Do non-users value coral reefs?: Economic valuation of conserving Tubbataha Reefs, Philippines," Ecological Economics, Elsevier, vol. 102(C), pages 24-32.
    6. Chen, Jyun-Long & Chen, Jun-Yu & Chuang, Ching-Ta & Lu, Hsueh-Jung & Liu, Hsiang-Hsi & Lin, Yu-Shang, 2014. "Developing a co-management financing mechanism to enhance the financial sustainability of marine protected areas in Taiwan," Marine Policy, Elsevier, vol. 48(C), pages 126-133.
    7. , European Marine Board & Austen, Melanie & Andersen, Peder & Armstrong, Claire & Döring, Ralf & Hynes, Stephen & Levrel, Harald & Oinonen, Soile & Ressurreição, Adriana & Coopman, Joke, 2019. "Valuing Marine Ecosystems - Taking into account the value of ecosystem benefits in the Blue Economy," MarXiv vy3kp, Center for Open Science.
    8. Vicente, Millinia Ciela & Loja, Princess Joan & Subade, Rodelio, 2023. "Economic valuation of ecosystem services in Balatin River Sub-Watershed, Southern Philippines," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 9(1), March.
    9. Tamayo, Natasha Charmaine A. & Anticamara, Jonathan A. & Acosta-Michlik, Lilibeth, 2018. "National Estimates of Values of Philippine Reefs' Ecosystem Services," Ecological Economics, Elsevier, vol. 146(C), pages 633-644.
    10. Hanbyeol Jang & Jeremy Mennis, 2021. "The Role of Local Communities and Well-Being in UNESCO World Heritage Site Conservation: An Analysis of the Operational Guidelines, 1994–2019," Sustainability, MDPI, vol. 13(13), pages 1-14, June.

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