Open AccessEvaluation of Conservation Costs and Benefits of Developing Conservation Strategies
Author(s) -
N O Olanipekun
Publication year - 2014
Publication title -
international journal of management and sustainability
Language(s) - English
Resource type - Journals
eISSN - 2306-9856
pISSN - 2306-0662
DOI - 10.18488/journal.11/2014.3.8/11.8.493.499
Subject(s) - overexploitation , interdependence , business , natural resource , natural resource economics , environmental resource management , investment (military) , biodiversity , environmental planning , biodiversity conservation , resource depletion , habitat , process (computing) , resource (disambiguation) , economics , ecology , geography , biology , political science , computer science , law , operating system , computer network , politics
Due to environmental degradation, depletion and overexploitation of natural resources caused by human activities resulted in development of strategies for conservation of species, habitats and resource. Hence, this paper thus examines the advantages of financial investment and critical elements associated with creating strategies for the conservation of various species. Interdependent to one another are fish, wildlife species, natural habitats as well as natural resources. It rightly observed that the most efficient environmental benefits will be gained through understanding of economic aspects of the costs side of biodiversity which will lead to novel and creative ways. The paper, therefore, concludes that it is better to recognize and incorporate costs at the outset of the planning process, rather than belatedly incur the higher costs of a less efficient plan.