IDEAS home Printed from https://ideas.repec.org/a/eee/ecoser/v11y2015icp32-38.html
   My bibliography  Save this article

Valuing the storm protection service of estuarine and coastal ecosystems

Author

Listed:
  • Barbier, Edward B.

Abstract

Recent concern over the loss of estuarine and coastal ecosystems (ECEs) often focuses on an important service provided by these ecosystems, their role in protecting coastal communities from storms that damage property and cause deaths and injury. Past valuations of this benefit have relied on the second-best replacement cost method, estimating the protective value of ECEs with the cost of building human-made storm barriers. A promising alternative methodological approach to incorporate these factors is using the expected damage function (EDF) method, which requires modeling the production of this protection service of ECEs and estimating its value in terms of reducing the expected damages or deaths avoided by coastal communities. This paper illustrates the EDF approach to value the storm protection service of ECEs, using the example of mangroves in Thailand to compare and contrast the EDF with the replacement cost approach to estimate the protective value of ECEs. In addition, the example of marshes in the US Gulf Coast is employed to show how the EDF approach can be combined with hydrodynamic analysis of simulated hurricane storm surges to determine the economic value of expected property damages reduced through the presence of marsh wetlands and their vegetation along a storm surge path.

Suggested Citation

  • Barbier, Edward B., 2015. "Valuing the storm protection service of estuarine and coastal ecosystems," Ecosystem Services, Elsevier, vol. 11(C), pages 32-38.
    • Handle: RePEc:eee:ecoser:v:11:y:2015:i:c:p:32-38
    DOI: 10.1016/j.ecoser.2014.06.010
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2212041614000680
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ecoser.2014.06.010?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Craig E. Landry & Paul Hindsley & Okmyung Bin & Jamie B. Kruse & John C. Whitehead & Ken Wilson, 2011. "Weathering the Storm: Measuring Household Willingness-to-Pay for Risk-Reduction in Post-Katrina New Orleans," Southern Economic Journal, John Wiley & Sons, vol. 77(4), pages 991-1013, April.
    2. Edward B. Barbier & Brian S. Enchelmeyer, 2014. "Valuing the storm surge protection service of US Gulf Coast wetlands," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 3(2), pages 167-185, July.
    3. Barbier, Edward B., 2012. "A spatial model of coastal ecosystem services," Ecological Economics, Elsevier, vol. 78(C), pages 70-79.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shaofeng Yuan & Congmou Zhu & Lixia Yang & Fenghua Xie, 2019. "Responses of Ecosystem Services to Urbanization-Induced Land Use Changes in Ecologically Sensitive Suburban Areas in Hangzhou, China," IJERPH, MDPI, vol. 16(7), pages 1-14, March.
    2. Takahiro Tsuge & Yasushi Shoji & Koichi Kuriyama & Ayumi Onuma, 2022. "Using a Choice Experiment to Understand Preferences for Disaster Risk Reduction with Uncertainty: A Case Study in Japan," Sustainability, MDPI, vol. 14(8), pages 1-17, April.
    3. Meixler, Marcia S., 2017. "Assessment of Hurricane Sandy damage and resulting loss in ecosystem services in a coastal-urban setting," Ecosystem Services, Elsevier, vol. 24(C), pages 28-46.
    4. Christopher G. Siverd & Scott C. Hagen & Matthew V. Bilskie & DeWitt H. Braud & Robert R. Twilley, 2020. "Quantifying storm surge and risk reduction costs: a case study for Lafitte, Louisiana," Climatic Change, Springer, vol. 161(1), pages 201-223, July.
    5. Christine Carmichael & Cecilia Danks & Christine Vatovec, 2019. "Green Infrastructure Solutions to Health Impacts of Climate Change: Perspectives of Affected Residents in Detroit, Michigan, USA," Sustainability, MDPI, vol. 11(20), pages 1-15, October.
    6. Vincent T. M. Zelst & Jasper T. Dijkstra & Bregje K. Wesenbeeck & Dirk Eilander & Edward P. Morris & Hessel C. Winsemius & Philip J. Ward & Mindert B. Vries, 2021. "Cutting the costs of coastal protection by integrating vegetation in flood defences," Nature Communications, Nature, vol. 12(1), pages 1-11, December.
    7. Liyun Zhang & Quan Zhen & Min Cheng & Zhiyun Ouyang, 2019. "The Main Drivers of Wetland Changes in the Beijing-Tianjin-Hebei Region," IJERPH, MDPI, vol. 16(14), pages 1-16, July.
    8. Beck, Michael W. & Heck, Nadine & Narayan, Siddharth & Menéndez, Pelayo & Reguero, Borja G. & Bitterwolf, Stephan & Torres-Ortega, Saul & Lange, Glenn-Marie & Pfliegner, Kerstin & Pietsch McNulty, Va, 2022. "Return on investment for mangrove and reef flood protection," Ecosystem Services, Elsevier, vol. 56(C).
    9. Borja G Reguero & Michael W Beck & David N Bresch & Juliano Calil & Imen Meliane, 2018. "Comparing the cost effectiveness of nature-based and coastal adaptation: A case study from the Gulf Coast of the United States," PLOS ONE, Public Library of Science, vol. 13(4), pages 1-24, April.
    10. Sipesihle Booi & Syden Mishi & Oddgeir Andersen, 2022. "Ecosystem Services: A Systematic Review of Provisioning and Cultural Ecosystem Services in Estuaries," Sustainability, MDPI, vol. 14(12), pages 1-29, June.
    11. Herrera, Diego & Cunniff, Shannon & DuPont, Carolyn & Cohen, Benjamin & Gangi, Dakota & Kar, Devyani & Peyronnin Snider, Natalie & Rojas, Victor & Wyerman, Jim & Norriss, Jessie & Mountenot, Marshall, 2019. "Designing an environmental impact bond for wetland restoration in Louisiana," Ecosystem Services, Elsevier, vol. 35(C), pages 260-276.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Edward B. Barbier, 2016. "The Protective Value of Estuarine and Coastal Ecosystem Services in a Wealth Accounting Framework," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(1), pages 37-58, May.
    2. Kajaria, Swaty & Ferreira, Susana & Hashida, Yukiko, 2023. "Let ‘Em Grow: Do Florida Coastal Property Owners Value Mangroves?," 2023 Annual Meeting, July 23-25, Washington D.C. 335594, Agricultural and Applied Economics Association.
    3. Stephanie F. Stefanski & Jay P. Shimshack, 2016. "Valuing Marine Biodiversity in the Gulf of Mexico: Evidence from the Proposed Boundary Expansion of the Flower Garden Banks National Marine Sanctuary," Marine Resource Economics, University of Chicago Press, vol. 31(2), pages 211-232.
    4. Craig A. Bond, 2017. "Valuing Coastal Natural Capital in a Bioeconomic Framework," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-26, April.
    5. Schmidt, Stefan & Seppelt, Ralf, 2018. "Information content of global ecosystem service databases and their suitability for decision advice," Ecosystem Services, Elsevier, vol. 32(PA), pages 22-40.
    6. Charles Sims & Sarah E. Null, 2019. "Climate Forecasts and Flood Mitigation," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1083-1107, April.
    7. Daniel R. Petrolia & Matthew G. Interis & Joonghyun Hwang, 2014. "America's Wetland? A National Survey of Willingness to Pay for Restoration of Louisiana's Coastal Wetlands," Marine Resource Economics, University of Chicago Press, vol. 29(1), pages 17-37.
    8. Charles Sims & David Finnoff, 2016. "Opposing Irreversibilities and Tipping Point Uncertainty," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(4), pages 985-1022.
    9. Knoche, Scott & Lupi, Frank & Suiter, Ashley, 2015. "Harvesting benefits from habitat restoration: Influence of landscape position on economic benefits to pheasant hunters," Ecological Economics, Elsevier, vol. 113(C), pages 97-105.
    10. Tanvir Pavel & Pallab Mozumder, 2019. "Household Preferences for Managing Coastal Vulnerability: State vs. Federal Adaptation Fund," Economics of Disasters and Climate Change, Springer, vol. 3(3), pages 281-304, October.
    11. Edward B. Barbier & Angela Cindy Emefa Mensah & Michelan Wilson, 2023. "Valuing the Environment as Input, Ecosystem Services and Developing Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(3), pages 677-694, March.
    12. Sungyoon Lee & Jennifer Dodge & Gang Chen, 2022. "The cost of social vulnerability: an integrative conceptual framework and model for assessing financial risks in natural disaster management," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 114(1), pages 691-712, October.
    13. Jones, Nikoleta & Clark, Julian R.A. & Malesios, Chrisovaladis, 2015. "Social capital and willingness-to-pay for coastal defences in south-east England," Ecological Economics, Elsevier, vol. 119(C), pages 74-82.
    14. Ivan Petkov, 2023. "Public Investment in Hazard Mitigation: Effectiveness and the Role of Community Diversity," Economics of Disasters and Climate Change, Springer, vol. 7(1), pages 33-92, March.
    15. Yamaguchi, Rintaro & Shah, Payal, 2020. "Spatial discounting of ecosystem services," Resource and Energy Economics, Elsevier, vol. 62(C).
    16. Weitzman, Jenny, 2019. "Applying the ecosystem services concept to aquaculture: A review of approaches, definitions, and uses," Ecosystem Services, Elsevier, vol. 35(C), pages 194-206.
    17. Céline Huber & Luc Doyen & Sylvie Ferrari, 2021. "Profitability and conservation goals reconciled through biodiversity offsets," Bordeaux Economics Working Papers 2021-19, Bordeaux School of Economics (BSE).
    18. Pallab Mozumder & William Vásquez, 2015. "An empirical analysis of hurricane evacuation expenditures," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 79(1), pages 81-92, October.
    19. Suryanto, 2017. "Vulnerability and Willingness to Pay for Coping with Flood in Klaten Regency, Central Java, Indonesia," GATR Journals jber135, Global Academy of Training and Research (GATR) Enterprise.
    20. Dani Broitman, 2020. "The Game of Developers and Planners: Ecosystem Services as a (Hidden) Regulation through Planning Delay Times," Sustainability, MDPI, vol. 12(15), pages 1-14, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecoser:v:11:y:2015:i:c:p:32-38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/ecosystem-services .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.