Total economic value of the Cagayan de Oro river basin

Rosalina Palanca-Tan, Catherine Roween Chico-Almaden, Ma. Kresna Navarro, Marichu Melendez-Obedencio and Caroline Laarni Rubio-Sereñas
Authors registered in the RePEc Author Service: Ma. Kresna Navarro Mansueto

Chapter 12 in Innovation Addressing Climate Change Challenges, 2018, pp 169-184 from Edward Elgar Publishing

Abstract: The study measures the total economic value (TEV) of the flow of ecosystem services from the Cagayan de Oro (CDO) River Basin in Mindanao, Philippines. Estimates of the various components of TEV can serve as the basis and justification for the contributions that may be potentially collected from different economic sectors and social groups benefiting from the ecosystem’s services under a river basin-wide payment for environmental services (PES) scheme. Through PES, financial resources can be generated and used to reward local initiatives that restore and preserve the ecosystem. This approach has been identified as one strategic way to safeguard and enhance the continuing flow of environmental services from the river basin. Total benefits in the forms of stable supply of good-quality water, flood control, fishing and recreational value, and biodiversity are estimated to be about US$5.0–6.1 million per year.

Keywords: Economics and Finance; Environment; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781788973359/9781788973359.00025.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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: https://EconPapers.repec.org/RePEc:elg:eechap:18555_12

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().