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Valuation of Marine and Coastal Ecosystem Services in India

Author

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  • Kumar, KS Kavi
  • Bhatta, RC
  • Mukhopadhya, Pranab
  • Anneboina, LR
  • Naren, P
  • Nath, Megha
  • Sharan, A
  • Ghosh, Santadas
  • da Costa, V
  • Pednekar, S

Abstract

Coastal and marine ecosystems provide a host of services that are of vital importance to human well-being. We estimate the values of several provisioning, regulating, and recreational services using a combination of valuation methods. We find that the total value of these services in India was approximately ₹1.9 trillion (or US$0.11 trillion in purchase price parity [PPP] terms) in 2012–13, which constitutes about 2.4% of India’s net national product that year. Recreational services account for the largest share (45%), followed by regulating services (35%) and provisioning services (20%). These estimates do not include all the services provided by coastal and marine ecosystems; therefore, our estimates should be treated as a conservative underestimate of their total economic value. To the best of our knowledge, this is the first such attempt at the national level in India.

Suggested Citation

  • Kumar, KS Kavi & Bhatta, RC & Mukhopadhya, Pranab & Anneboina, LR & Naren, P & Nath, Megha & Sharan, A & Ghosh, Santadas & da Costa, V & Pednekar, S, 2022. "Valuation of Marine and Coastal Ecosystem Services in India," Ecology, Economy and Society - the INSEE Journal, Indian Society of Ecological Economics (INSEE), vol. 5(01), January.
    • Handle: RePEc:ags:inseej:343117
    DOI: 10.22004/ag.econ.343117
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    References listed on IDEAS

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    1. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-974, December.
    2. Anneboina, Lavanya Ravikanth & Kavi Kumar, K.S., 2017. "Economic analysis of mangrove and marine fishery linkages in India," Ecosystem Services, Elsevier, vol. 24(C), pages 114-123.
    3. World Bank, 2013. "India : Diagnostic Assessment of Select Environmental Challenges, Volume 3. Valuation of Biodiversity and Ecosystem Services in India," World Bank Publications - Reports 16029, The World Bank Group.
    4. Edward B. Barbier, 2012. "Progress and Challenges in Valuing Coastal and Marine Ecosystem Services," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 6(1), pages 1-19.
    5. John Hartwick, 1977. "Intergenerational Equity and the Investment of Rents from Exhaustible Resources in a Two Sector Model," Working Paper 281, Economics Department, Queen's University.
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