Economic Valuation And Policy Priorities For Sustainable Management Of Coral Reefs

"The decline of coral ... if it continues ... will mark the end of one of the great beauties of creation and the end of a great hope that of discovering life forms hitherto unknown on the Earth ... Let us not forget that we are responsible to posterity for the preservation of the beauties of the sea as well as for those on land. We must learn how to make use of the biological and mineral resources of the oceans ... But we must also learn how to preserve the integrity and the equilibrium of that world which is so inextricably bound to our own." - Jacques Yves Cousteau, Excerpt from Life and Death in a Coral Sea, 1971 This book reports on the World Bank's 5th Annual Conference on Environmentally and Socially Sustainable Development, which focused on some of the most urgent threats facing coral reefs today, including the growing use of cyanide fishing along some of the richest reefs of the world, unsustainable trade in reef products, and constraints to effective establishment and management of marine protected areas. The proceedings stressed the need for strengthening the policy environment while adopting economic incentives and improved resource valuation techniques, informing management decisions through targeted research and monitoring, and rallying public support through environmental education and the media.

The trans-disciplinary thematic areas of oceans management and policy require stocktaking of the state of knowledge on ecosystem services being derived from coastal and marine areas. Recently adopted Sustainable Development Goals (SDGs) especially Goals 14 and 15 explicitly focus on this. This Handbook brings together a carefully chosen set of world-class contributions from ecology, economics, and other development science and attempts to provide policy relevant scientific information on ecosystem services from marine and coastal ecosystems, nuances of economic valuation, relevant legal and sociological response policies for effective management of marine areas for enhanced human well being. The contributors focus on the possible nexus of science-society and science-policy with the objective of informing on decision makers of the governmental agencies, business and industry and civil society in general with respect to sustainable management of Oceans.

"The applied research indicates that, to improve awareness, park education programs should be targeted specifically to the user groups primarily through outreach programs. Further, the Park's management programs should be highlighted, particularly the beneficial, tangible products and services (benefits) the Park provides to each user group... The closer the tie between reef conditions and business earnings, the greater the users' support for reef conservation." Coral reefs are sometimes referred to as "canaries of the sea" because of their early warning ability to show near-shore oceanic stress. Because of their biological diversity, they are also called "rainforests of the sea." Coral reefs are vital to the well being of millions of people. Coral reef managers and government officials trying to save their valuable national resources have turned to research on coral reefs for help. The research presented in this publication merits a great deal of notice because the output is useful for decision support and training tools in integrated coastal zone management (ICZM). The work on cost-effectiveness analysis has developed integrated economic and ecological models, relying extensively on fuzzy logic procedures to model impacts and effects of interventions within the reef environment. By contrast, the marine system valuation work provides economic valuations of coral reefs, demonstrating the use of different modeling methods and treating key policy issues within this context. This publication will interest coastal zone experts and managers worldwide

Intense exploitation of our oceans and seas is degrading marine biodiversity and ecosystems at an alarming rate. This report presents good practice insights for effectively managing marine protected areas (MPAs), one of the policy instruments available for the conservation and sustainable ...

Corals and coral reefs are seriously degraded in most tropical seas. Most of the damage is due to over-exploitation and the use of destructive fishing methods. This collection of essays presents a number of case studies on the economic analysis of coral reefs.