Evaluation of Conservation Costs and Benefits of Developing Conservation Strategies

Olanipekun N. O

International Journal of Management and Sustainability, 2014, vol. 3, issue 8, 493-499

Abstract: Due to environmental degradation, depletion and overexploitation of natural resources caused by human activities resulted in development of strategies for conservation of species, habitats and resource. Hence, this paper thus examines the advantages of financial investment and critical elements associated with creating strategies for the conservation of various species. Interdependent to one another are fish, wildlife species, natural habitats as well as natural resources. It rightly observed that the most efficient environmental benefits will be gained through understanding of economic aspects of the costs side of biodiversity which will lead to novel and creative ways. The paper, therefore, concludes that it is better to recognize and incorporate costs at the outset of the planning process, rather than belatedly incur the higher costs of a less efficient plan.

Keywords: Biodiversity; Conservation cost; Conservation strategy; Environmental degradation; Species (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pkp:ijomas:v:3:y:2014:i:8:p:493-499:id:979

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