Global insights on Sustainable Development Goal 14: Reviewing willingness-to-pay levels for marine ecosystem protection and conservation

George Halkos, Panagiotis-Stavros Aslanidis, Angelos Plataniotis and Phoebe Koundouri ()

No 2416, DEOS Working Papers from Athens University of Economics and Business

Abstract: Protection of marine ecosystems is vital for biodiversity conservation as it ensures the health of our oceans and seas, moreover it supports the livelihoods of millions who rely on them. Nevertheless, there are global issues that put at risk biodiversity levels, inter alia, climate change, invasive species, eutrophication, waste, and pollution. This study provides novel policy insights into Sustainable Development Goals (SDG) 14 by reviewing and comparing willingness-to-pay (WTP) levels for marine ecosystem protection and conservation across different locations worldwide. The analysis covered 220 valuation studies conducted between 2000 and 2023, sourced from the Environmental Valuation Reference Inventory (EVRI) and Ecosystem Services Valuation Database (ESVD). WTP levels are presented from both national and sea/ocean perspectives, offering a holistic approach to understanding the non-market values of biodiversity and marine ecosystem protection. Socioeconomic parameters such as age, gender, education, and income were also analyzed, revealing their influence on individuals' WTP for marine conservation initiatives. The findings suggest that WTP levels can serve as a powerful tool for policymakers and demonstrate core policy implications regarding the achievement of SDG 14

Keywords: SDG 14; marine protection; marine conservation; valuation studies; climate change; sustainable development (search for similar items in EconPapers)
JEL-codes: Q01 Q51 Q57 (search for similar items in EconPapers)
Date: 2024-10-03
New Economics Papers: this item is included in nep-agr, nep-dcm and nep-env
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