Economics at your fingertips  

Valuing the ecosystem service benefits from kelp forest restoration: A choice experiment from Norway

Stephen Hynes, Wenting Chen, Godwin Kofi Vondolia (), Claire Armstrong and Eamonn O'Connor

Ecological Economics, 2021, vol. 179, issue C

Abstract: Habitat loss and degradation are recognised as the most important causes of species decline and extinction in marine ecosystems. It is also widely recognised that a range of restoration actions are now essential to halt further decline. From a policy perspective, demonstration that restoration activity is in the interest of society is an important goal. In this paper, the welfare impacts of restoring Norwegian kelp forests to areas where they once were dominant but which now lie barren are estimated using the discrete choice modelling approach. The paper also examines if more direct contact with the environmental good under investigation influences respondents' willingness to pay to restore ecosystem features. The results indicate a positive and significant marginal societal willingness to pay for the ecosystem services associated with kelp forest restoration. The enhanced biodiversity levels as a result of the restoration activity are the most highly valued by the Norwegian public although the size of the area restored is more highly valued by respondents who are active marine environment users. It is argued that without incorporating these non-market values into the decision making process marine policy decisions may be made that are not in fact in the best interest of society.

Keywords: Kelp forest restoration; Ecosystem service benefit values; Choice experiment (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.ecolecon.2020.106833

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2023-08-08
Handle: RePEc:eee:ecolec:v:179:y:2021:i:c:s0921800919319573