Kanchan Chopra, Pushpam Kumar and Preeti Kapuria
Edited by Paulo A.L.D. Nunes, Pushpam Kumar and Tom Dedeurwaerdere
In recent years, there has been a marked proliferation in the literature on economic approaches to ecosystem management, which has created a subsequent need for real understanding of the scope and the limits of the economic approaches to ecosystems and biodiversity. Within this Handbook, carefully commissioned original contributions from acknowledged experts in the field address the new concepts and their applications, identify knowledge gaps and provide authoritative recommendations.
Pushpam Kumar and Hongyan Chen
The economic significance of services provided by the corals is high especially for the coastal populations. Various services of corals strengthen and enrich the various constituents of human well-being. This chapter estimates the economic losses of ecosystem services arising out of impacts due to climate change on corals in different regions of the world. The economic losses have been estimated under different scenarios of climate change as the intensity of coral reef bleaching is strongly linked with the rise of temperature. For estimation of economic loss, benefit transfer method has been used where by developing a meta-regression function, the valuation of ecosystem services of coral reef has been carried out. Subsequently a statistically significant regression model is used to estimate the values of coral reefs at different marine regions with their current bleaching status considered. According to the prediction of the frequency and severity of coral reef bleaching under different climate change scenarios, we calculate the monetary losses of the coral reef ecosystem globally. Under the A2 scenario the loss could be of US$13.9 billion while under the scenario the loss could be US$15.14 billion. The difference in the losses in different scenario can guide us towards the costs of inaction. Keywords Benefit transfer method; climate change; ecosystem services of corals; valuation of services.
A Developing Country Perspective
Edited by Pushpam Kumar and Ibrahim Thiaw
Using a selection of authoritative and original contributions, this timely book explores the uncertainty surrounding the impact of decisions undertaken to manage ecosystem services worldwide. Invariably, the policies designed and implemented to manage forests, wetlands, and marine and coastal environments often involve conflicts of interest between various stakeholders. This has added an additional layer of complexity in the context of developing countries where institutions and governance are weak or absent. Economic valuation and the subsequent design of innovative response tools such as payment for ecosystem services (PES) have the potential to offer far greater transparency. In the case of LDCs, the identification of suitable institutions for executing these tools is also of vital importance.