Valuation of Marine Ecosystems and Sustainable Development Goals

Phoebe Koundouri (), George Halkos, Conrad Landis, Konstantinos Dellis, Artemis Stratopoulou, Angelos Plataniotis and Elisa Chioatto

MPRA Paper from University Library of Munich, Germany

Abstract: This paper refers to the valuation of European, Marine and Fresh Water Ecosystem Services. Using a meta-regression approach, we estimate the Annual Willingness to Pay (WTP) for several classifications of the ecosystem services and various biogeographical and marine regions across all twenty-seven EU markets. Moreover, we explore the correlation between WTP and the national level of achievement of the 17 SDGs, with particular focus on SDG 14 - Life Below Water. Results indicate that regulating services of marine and freshwater ecosystems are ranked high and that in almost 63% of the European countries, the WTP for the improvement of the marine & freshwater ecosystem is high and exceeds estimates for terrestrial ecosystems. Valuing ecosystem services and link them to the Sustainable Development Goals, we find that marine ecosystems are mainly positively correlated to SDGs 2,12,13, 14 and 17, while a high MWTP value is assigned to specific SDG14 individual indicators like fish caught from overexploited or collapsed stocks and fish caught that are then discarded. Overall, results indicate that societies attributing greater value to ecosystem services mark greater progress towards the implementation of SDGs and SDG 14 in particular.

Keywords: Valuation; Sustainable Development Goals; Ecosystem Services; Meta-Regression; Marine; Freshwater (search for similar items in EconPapers)
JEL-codes: Q5 (search for similar items in EconPapers)
Date: 2023-03
New Economics Papers: this item is included in nep-agr, nep-env and nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Valuation of Marine Ecosystems and Sustainable Development Goals (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:122023

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