An Economic Instrument to Address Beach Wrack

Jan Stenis, Varvara Sachpazidou and William Hogland

Applied Economics and Finance, 2021, vol. 8, issue 1, 50-58

Abstract: ObjectivesThis article introduces a practical, economic instrument based on the Naturally Optimised Revenue Demand in Communities, the NORDIC model, to improve the management of beach wrack. Tourism is an important sector in a country’s or region’s economy, as it generates employment and business opportunities. Verifiably, sandy shorelines have served as areas for amusement and as attractions upon which tourism advancement has been based. The accumulations of beach wrack result in a significant decrease in the recreational value of a coastal area. The decomposition of beach wrack emits an unpleasant odor, as it releases essential nitrate, phosphate and hydrogen sulfide (H2S). In this investigation, we provide coastal communities with a powerful tool to address the harmful damage inflicted on their beaches, by marine biomass mounds.MethodsWe adapted the NORDIC model and used a case study to illustrate how the adapted NORDIC model could alleviate the municipalities’ burden, caused by beach wrack.ResultsThe application of a versatile tool, the NORDIC model, by various managers in manage and promote a sustainable use of beach wrack would boost the tourism industry in coastal areas.ConclusionsWe recommend the application of the NORDIC model to beach wrack management in general, and in particular to the tourism sector, to enhance the economic value of attractive shores. Future research should focus on developing additional algorithms for valuation of specific kinds of beach wrack.

Date: 2021
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