Wetland Conversion: The Case of Backwater Reclamation in Kerala
Wetlands in their natural state bring substantial benefits to society. Nevertheless, there is growing concern over conversion of wetlands. This study examines the case of coastal wetland conversion in Kerala, known as backwater reclamation. The conversion of wetlands involves not only irreversibility in the environmental or ecological processes but also uncertainty. The study points to the need for incorporating the option value of wetlands in any cost - benefit calculation regarding the conversion of wetlands.
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