How much are the services of the mangroves worth per year?
UN Under-Secretary-General and UNEP Executive Director Achim Steiner said, “Mangroves provide ecosystem services worth around US$33 – 57,000 per hectare per year.
What are the ecosystem services of mangroves?
Mangroves1 provide a number valuable ecosystem services that contribute to human wellbeing, including provisioning (e.g., timber, fuel wood, and charcoal), regulating (e.g., flood, storm and erosion control; prevention of salt water intrusion), habitat (e.g., breeding, spawning and nursery habitat for commercial fish …
How much are mangroves worth?
They are also one of the most valuable ecosystems to humans on the entire planet. The WWF values mangroves at $186 billion a year, which is considered by many experts to be a big underestimate.
How much money do mangroves make?
Mangrove trees serve as the interface between land and sea, providing a variety of benefits to both nature and people. Mangrove forests provide more than $80 billion per year in avoided losses from coastal flooding, and they also protect 18 million people.
What are the 4 major ecosystem services?
Four Types of Ecosystem Services The Millennium Ecosystem Assessment (MA), a major UN-sponsored effort to analyze the impact of human actions on ecosystems and human well-being, identified four major categories of ecosystem services: provisioning, regulating, cultural and supporting services.
What is the estimated economic value of mangroves in coastal urban areas?
Mangroves provide about $6.7 billion in benefits, with the majority derived from carbon sequestration. Degradation of these ecosystems could significantly lower their economic value.
What economic benefits do mangroves provide?
Mangrove ecosystems provide significant socioeconomic benefits, such as timber, fish, tourism opportunities, and environmental services (e.g., coastal protection, water regulation, carbon sequestration, and nursery habitat for a wide-ranging diversity of species).
What are two beneficial services that mangroves provide?
Mangroves are important to people because they help stabilize Florida’s coastline ecosystem and prevent erosion. Mangroves also provide natural infrastructure and protection to nearby populated areas by preventing erosion and absorbing storm surge impacts during extreme weather events such as hurricanes.
What are supporting ecosystem services?
Providing living spaces for plants or animals and maintaining a diversity of plants and animals, are ‘supporting services’ and the basis of all ecosystems and their services. Agriculture, forestry and fisheries are influenced and influence all types of ecosystem services.
Can ecosystem services of mangrove forests be monetized?
Scholars have long studied the values of ecosystem services of mangrove forests. However, the number of recent primary studies monetizing ecosystem services is rather limited. This paper ascertains the values of ecosystem services of 66 primary valuation studies with a total of 250 observations.
Which valuation methods are used to value mangrove ecosystem services?
Here, we summarize the relative use of valuation methods to value mangrove ecosystem services, of which benefit transfer and market price stand out as the most widely used. We then review the use of various valuation methods by geographic region of the world and provide insight into the use of benefit transfer and valuation of CES.
Do we value mangroves enough?
In fact, there are significant gaps in the current literature on mangrove valuation and many ecosystem services that are very important to coastal communities are rarely valued.
What is needed for future literature analysis of mangroves?
Future literature analyses need to include non-traditional and non-monetary valuation methods in order to have a more complete picture of the services provided by mangroves specifically and all ecosystems in general.