Problems, Principles and Policies
Edited by Phoebe Koundouri, Panos Pashardes, Timothy M. Swanson and Anastasios Xepapadeas
Chapter 4: Willingness to Pay for Migratory Species Preservation: The Premium for Co-operative Agreements and Implications for Policy
4. Willingness to pay for migratory species preservation: The premium for cooperative agreements and implications for policy Nathalie Olsen, Timothy M. Swanson, Jürgen Lefevere, Valeria Raﬃn and Ben Groom 4.1 INTRODUCTION This chapter focuses on the role of Cypriot wetlands as an important provider of wetland habitats for migratory species, and the possibility for coﬁnancing of wetland preservation for these species. Many bird species use this Mediterranean island as a ‘stopping oﬀ point’ (see Figure 1) on their annual migration routes between Africa and Europe. It is a crucial link in their instinctively travelled pathway. Nevertheless, it is likely to be the case that the local valuation of these birds is very low and the opportunity costs of supplying these wetland rest areas is very high. The loss of wetlands along the coasts of Cyprus is evidence to support this observation. Hence there is little reason that Cypriots, acting from their own perceived self-interests, would wish to allocate scarce water supplies for the provision of habitat for these migratory species. The allocation of water to wetlands by Cyprus will require that other considerations be brought into the equation. There is a signiﬁcant body of international and EU law dealing with the thorny problem of the conservation of migratory species. At the root of this body of law is the recognition of the inadequacy of local incentives as a recurring problem. Regional cooperation has long been recognized as a necessary ingredient in the resolution of these problems....
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