Open AccessValuation of Marine and Coastal Ecosystem Services in India
Author(s) -
Kavi Kumar K.S.,
Bhatta R.C.,
Pranab Mukhopadhyay,
Anneboina L.R.,
P. Naren,
Megha Nath,
Abhijit Sharan,
Santadas Ghosh,
Da Costa V.,
Sulochana Pednekar
Publication year - 2022
Publication title -
ecology, economy and society--the insee journal
Language(s) - English
Resource type - Journals
eISSN - 2581-6152
pISSN - 2581-6101
DOI - 10.37773/ees.v5i1.536
Subject(s) - ecosystem services , provisioning , recreation , valuation (finance) , business , ecosystem , environmental resource management , natural resource economics , environmental science , economics , ecology , finance , computer science , telecommunications , biology
Coastal and marine ecosystems provide a host of services that are of vital importance to human well-being. We estimate the values of several provisioning, regulating, and recreational services using a combination of valuation methods. We find that the total value of these services in India was approximately ₹1.9 trillion (or US$0.11 trillion in purchase price parity [PPP] terms) in 2012–13, which constitutes about 2.4% of India’s net national product that year. Recreational services account for the largest share (45%), followed by regulating services (35%) and provisioning services (20%). These estimates do not include all the services provided by coastal and marine ecosystems; therefore, our estimates should be treated as a conservative underestimate of their total economic value. To the best of our knowledge, this is the first such attempt at the national level in India.