IDEAS home Printed from https://ideas.repec.org/p/aue/wpaper/2308.html
   My bibliography  Save this paper

Valuation of Marine Ecosystems and Sustainable Development Goals

Author

Listed:
  • Phoebe Koundouri
  • George Halkos
  • Conrad Landis
  • Konstantinos Dellis
  • Artemis Stratopoulou
  • Angelos Plataniotis
  • Elisa Chioattoa

Abstract

This paper refers to the valuation of European, Marine and Fresh Water Ecosystem Services. Using a meta-regression approach, we estimate the Annual Willingness to Pay (WTP) for several classifications of the ecosystem services and various biogeographical and marine regions across all twenty-seven EU markets. Moreover, we explore the correlation between WTP and the national level of achievement of the 17 SDGs, with particular focus on SDG 14 - Life Below Water. Results indicate that regulating services of marine and freshwater ecosystems are ranked high and that in almost 63% of the European countries, the WTP for the improvement of the marine & freshwater ecosystem is high and exceeds estimates for terrestrial ecosystems. Valuing ecosystem services and link them to the Sustainable Development Goals, we find that marine ecosystems are mainly positively correlated to SDGs 2,12,13, 14 and 17, while a high MWTP value is assigned to specific SDG14 individual indicators like fish caught from overexploited or collapsed stocks and fish caught that are then discarded. Overall, results indicate that societies attributing greater value to ecosystem services mark greater progress towards the implementation of SDGs and SDG 14 in particular.

Suggested Citation

  • Phoebe Koundouri & George Halkos & Conrad Landis & Konstantinos Dellis & Artemis Stratopoulou & Angelos Plataniotis & Elisa Chioattoa, 2023. "Valuation of Marine Ecosystems and Sustainable Development Goals," DEOS Working Papers 2308, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:2308
    as

    Download full text from publisher

    File URL: http://wpa.deos.aueb.gr/docs/2023.EV.SDG14.160323.pdf
    File Function: First version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stella Apostolaki & Ebun Akinsete & Phoebe Koundouri & Panagiotis Samartzis, 2019. "Freshwater: The importance of freshwater for providing ecosystem services," DEOS Working Papers 1905, Athens University of Economics and Business.
    2. Chan, Kai M.A. & Satterfield, Terre & Goldstein, Joshua, 2012. "Rethinking ecosystem services to better address and navigate cultural values," Ecological Economics, Elsevier, vol. 74(C), pages 8-18.
    3. Kyriaki Remoundou & Phoebe Koundouri & Areti Kontogianni & Paulo Nunes & Michalis Skourtos, 2009. "Valuation of natural marine ecosystems: an economic perspective," DEOS Working Papers 0906, Athens University of Economics and Business.
    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. Phoebe Koundouri & George Halkos & Conrad Landis & Angelos Alamanos, 2023. "Ecosystem Services Valuation for supporting Sustainable Life Below Water," DEOS Working Papers 2316, Athens University of Economics and Business.

    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. Phoebe Koundouri & Conrad Landis & Kostas Dellis & Artemis Stratopoulou, 2023. "Valuation of Marine Ecosystems and Sustainable Development Goals," DEOS Working Papers 2304, Athens University of Economics and Business.
    2. Imran Khan & Hongdou Lei & Gaffar Ali & Shahid Ali & Minjuan Zhao, 2019. "Public Attitudes, Preferences and Willingness to Pay for River Ecosystem Services," IJERPH, MDPI, vol. 16(19), pages 1-17, October.
    3. Jacobs, Sander & Martín-López, Berta & Barton, David N. & Dunford, Robert & Harrison, Paula A. & Kelemen, Eszter & Saarikoski, Heli & Termansen, Mette & García-Llorente, Marina & Gómez-Baggethun, , 2018. "The means determine the end – Pursuing integrated valuation in practice," Ecosystem Services, Elsevier, vol. 29(PC), pages 515-528.
    4. Worthington, Thomas A. & Worthington, Ian & Vaughan, Ian P. & Ormerod, Steve J. & Durance, Isabelle, 2020. "Testing the ecosystem service cascade framework for Atlantic salmon," Ecosystem Services, Elsevier, vol. 46(C).
    5. Folkersen, Maja Vinde, 2018. "Ecosystem valuation: Changing discourse in a time of climate change," Ecosystem Services, Elsevier, vol. 29(PA), pages 1-12.
    6. Thiele, Julia & Albert, Christian & Hermes, Johannes & von Haaren, Christina, 2020. "Assessing and quantifying offered cultural ecosystem services of German river landscapes," Ecosystem Services, Elsevier, vol. 42(C).
    7. Bull, J.W. & Jobstvogt, N. & Böhnke-Henrichs, A. & Mascarenhas, A. & Sitas, N. & Baulcomb, C. & Lambini, C.K. & Rawlins, M. & Baral, H. & Zähringer, J. & Carter-Silk, E. & Balzan, M.V. & Kenter, J.O, 2016. "Strengths, Weaknesses, Opportunities and Threats: A SWOT analysis of the ecosystem services framework," Ecosystem Services, Elsevier, vol. 17(C), pages 99-111.
    8. van de Water, Antoinette & Henley, Michelle & Bates, Lucy & Slotow, Rob, 2022. "The value of elephants: A pluralist approach," Ecosystem Services, Elsevier, vol. 58(C).
    9. Barnes-Mauthe, Michele & Oleson, Kirsten L.L. & Brander, Luke M. & Zafindrasilivonona, Bienvenue & Oliver, Thomas A. & van Beukering, Pieter, 2015. "Social capital as an ecosystem service: Evidence from a locally managed marine area," Ecosystem Services, Elsevier, vol. 16(C), pages 283-293.
    10. Remme, Roy P. & Edens, Bram & Schröter, Matthias & Hein, Lars, 2015. "Monetary accounting of ecosystem services: A test case for Limburg province, the Netherlands," Ecological Economics, Elsevier, vol. 112(C), pages 116-128.
    11. Bordt, Michael, 2018. "Discourses in Ecosystem Accounting: A Survey of the Expert Community," Ecological Economics, Elsevier, vol. 144(C), pages 82-99.
    12. Crouzat, Emilie & De Frutos, Angel & Grescho, Volker & Carver, Steve & Büermann, Andrea & Carvalho-Santos, Claudia & Kraemer, Roland & Mayor, Sarah & Pöpperl, Franziska & Rossi, Christian & Schröte, 2022. "Potential supply and actual use of cultural ecosystem services in mountain protected areas and their surroundings," Ecosystem Services, Elsevier, vol. 53(C).
    13. Chang Liu & Jingyi Ouyang & Jinshan Yan & Lina Tang, 2023. "Landsenses Ecology: A New Idea for Watershed Ecology Restoration," IJERPH, MDPI, vol. 20(4), pages 1-12, February.
    14. Kenter, Jasper O. & Bryce, Rosalind & Christie, Michael & Cooper, Nigel & Hockley, Neal & Irvine, Katherine N. & Fazey, Ioan & O’Brien, Liz & Orchard-Webb, Johanne & Ravenscroft, Neil & Raymond, Chr, 2016. "Shared values and deliberative valuation: Future directions," Ecosystem Services, Elsevier, vol. 21(PB), pages 358-371.
    15. Schröter, Matthias & Stumpf, Klara H. & Loos, Jacqueline & van Oudenhoven, Alexander P.E. & Böhnke-Henrichs, Anne & Abson, David J., 2017. "Refocusing ecosystem services towards sustainability," Ecosystem Services, Elsevier, vol. 25(C), pages 35-43.
    16. Roux, Dirk J. & Smith, M. Kyle S. & Smit, Izak P.J. & Freitag, Stefanie & Slabbert, Liandi & Mokhatla, Mohlamatsane M. & Hayes, Jessica & Mpapane, Nelsiwe P., 2020. "Cultural ecosystem services as complex outcomes of people–nature interactions in protected areas," Ecosystem Services, Elsevier, vol. 43(C).
    17. Sy, Mariam Maki & Rey-Valette, Hélène & Figuières, Charles & Simier, Monique & De Wit, Rutger, 2021. "The impact of academic information supply and familiarity on preferences for ecosystem services," Ecological Economics, Elsevier, vol. 183(C).
    18. Sébastien Desbureaux, 2016. "Common Resources Management and the "Dark Side" of Collective Action: an Impact Evaluation for Madagascar’s Forests," Working Papers 2016.30, FAERE - French Association of Environmental and Resource Economists.
    19. Gréta Vrbičanová & Dominika Kaisová & Matej Močko & František Petrovič & Peter Mederly, 2020. "Mapping Cultural Ecosystem Services Enables Better Informed Nature Protection and Landscape Management," Sustainability, MDPI, vol. 12(5), pages 1-14, March.
    20. Pleasant, Mary M. & Gray, Steven A. & Lepczyk, Christopher & Fernandes, Anthea & Hunter, Nathan & Ford, Derek, 2014. "Managing cultural ecosystem services," Ecosystem Services, Elsevier, vol. 8(C), pages 141-147.

    More about this item

    Keywords

    Valuation; Sustainable Development Goals; Ecosystem Services; Meta-Regression; Marine; Freshwater;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:aue:wpaper:2308. 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: Ekaterini Glynou (email available below). General contact details of provider: https://edirc.repec.org/data/diauegr.html .

    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.