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Assessing the value for money of protected areas

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  • Francesca Visintin
  • Francesco Marangon
  • Maurizio Spoto

Abstract

The increasing unavailability of public financing leads decision-makers to cut funds for protected areas without considering the ensuing environmental, economic and social impacts. The research investigated what and how much value the Miramare Natural Marine Reserve (Italy) was able to create from public funds. The environmental accounting approach was adopted, and environmental costs and benefits taken into account. Environmental benefits assessed ecosystem services such as gas regulation, nutrient cycling, biological control, food production, nursery, raw materials, recreation and science. The model demonstrated that the value produced by the Protected Area fully covered the money spent by public authorities by a rate of 2.5.

Suggested Citation

  • Francesca Visintin & Francesco Marangon & Maurizio Spoto, 2016. "Assessing the value for money of protected areas," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 2016(1), pages 49-69.
    • Handle: RePEc:fan:rissri:v:html10.3280/riss2016-001006
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    References listed on IDEAS

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    1. de Groot, Rudolf S. & Wilson, Matthew A. & Boumans, Roelof M. J., 2002. "A typology for the classification, description and valuation of ecosystem functions, goods and services," Ecological Economics, Elsevier, vol. 41(3), pages 393-408, June.
    2. de Groot, Rudolf & Brander, Luke & van der Ploeg, Sander & Costanza, Robert & Bernard, Florence & Braat, Leon & Christie, Mike & Crossman, Neville & Ghermandi, Andrea & Hein, Lars & Hussain, Salman & , 2012. "Global estimates of the value of ecosystems and their services in monetary units," Ecosystem Services, Elsevier, vol. 1(1), pages 50-61.
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    Cited by:

    1. Chiara Paoli & Paolo Povero & Ilaria Rigo & Giulia Dapueto & Rachele Bordoni & Paolo Vassallo, 2022. "Two Sides of the Same Coin: A Theoretical Framework for Strong Sustainability in Marine Protected Areas," Sustainability, MDPI, vol. 14(10), pages 1-20, May.
    2. Francesca Visintin & Elisa Tomasinsig & Maurizio Spoto & Francesco Marangon & Paolo D’Ambrosio & Luciana Muscogiuri & Sergio Fai & Stefania Troiano, 2022. "Assessing the Benefit Produced by Marine Protected Areas: The Case of Porto Cesareo Marine Protected Area (Italy)," Sustainability, MDPI, vol. 14(17), pages 1-19, August.

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