Mechanisms to capture economic values of marine biodiversity: The case of Tubbataha Reefs UNESCO World Heritage Site,Philippines |
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| Authors: | Rodelio F. Subade |
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| Affiliation: | Division of Social Sciences, College of Arts & Sciences, University of the Philippines in the Visayas, 50 23 Miag-ao, Iloilo, Philippines |
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| Abstract: | This paper examines the use and non-use values of coral reefs as applied to the Tubbataha Reefs UNESCO World Heritage Site. Results from various studies indicate that economic benefits/values from conservation far exceed the costs of conservation. Mechanisms on how such economic values have been and can be captured are discussed. It is noted that non-use values could provide huge capturable economic values. |
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| Keywords: | Tubbataha reefs Economic values Marine biodiversity |
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