Table of Contents

Valuing the Environment in Developing Countries

Valuing the Environment in Developing Countries

Case Studies

Edited by David Pearce, Corin Pearce and Charles Palmer

In this book, the first of two volumes, the authors provide detailed case studies of valuation techniques that have been used in developing countries. They demonstrate that valuation works and that it can yield significant insights into policy-relevant issues regarding conservation and economic development. The authors address a whole range of environmental issues under the broad themes of water and air quality, biological diversity and forest functions. The economic approaches covered include contingent valuation, hedonic property prices, travel cost methodologies and benefits transfer.

Chapter 16: The economic value of Mount Cameroon: alternative land use options

Gil Yaron

Subjects: development studies, development economics, economics and finance, development economics, environmental economics, valuation, environment, environmental economics, valuation


16. The economic value of Mount Cameroon: alternative land use options Gil Yaron 1 INTRODUCTION This chapter presents the key findings of a DFID-funded study into the costs and benefits of alternative land use options in forested lowland of the Mount Cameroon Region. The question of which land use brings the greatest net financial and economic benefits has direct relevance for local policy makers. The proposed privatization of the Cameroon Development Corporation (CamDev) raised the question of what to do with some 60000 ha. of leasehold land that was not currently utilized for industrial plantations. Much of this undeveloped land is forested and, as documented in a thorough environmental impact assessment (ERM, 1998), includes lowland forest that has exceptional levels of biodiversity. The competing uses for forested land in this area are small-scale agriculture undertaken increasingly by migrants to the area or industrial plantation crops. While this is a case study from tropical Africa, the same pressures on forested land exist in much of the tropical forest in Asia and Latin America. Hence the analysis of what constitutes the ‘best’ use of this forested land from a local, national and global perspective should be of more general interest. The methodology for estimating the total economic value of forest land is now well established and a number of studies estimate economic values for forests based on extractive and non-extractive uses: see Pearce (1996). This study follows in this tradition and considers the financial and broader economic returns to oil...

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