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Biodiversity Conservation: The Process of Economic Assessment and Establishment of a Protected Area in Vanuatu

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  • Luca Tacconi
  • Jeff Bennett

Abstract

This article describes the framework adopted for the socio‐economic assessment of protected areas intended to safeguard biodiversity. This framework, which can be described as a three‐tiered approach to conservation, is applied to the process of assessment and establishment of a protected area (PA) in Vanuatu. The potential benefits that the landowners of the PA could derive from logging activities, and the subsistence values derived from the PA are considered. It appears that if the PA was to be established without the payment of any compensation, the landowners would face substantial net costs. During the research process, it was suggested that the Government of Vanuatu could take up a lease on the land to compensate the landowners for the loss of potential logging royalties. When the benefits accruing to the landowners from a lease agreement are compared with the foregone logging royalties, it is found that the net present value of a seventy‐five year lease agreement is approximately equivalent to the net present value of logging royalties.

Suggested Citation

  • Luca Tacconi & Jeff Bennett, 1995. "Biodiversity Conservation: The Process of Economic Assessment and Establishment of a Protected Area in Vanuatu," Development and Change, International Institute of Social Studies, vol. 26(1), pages 89-110, January.
    • Handle: RePEc:bla:devchg:v:26:y:1995:i:1:p:89-110
    DOI: 10.1111/j.1467-7660.1995.tb00544.x
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    References listed on IDEAS

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    1. Bennett, Jeffrey W. & Carter, Marc, 1993. "Prospects For Contingent Valuation: Lessons From The South-East Forests," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 37(2), pages 1-15, August.
    2. Krishna B. Ghimire, 1994. "Parks and People: Livelihood Issues in National Parks Management in Thailand and Madagascar," Development and Change, International Institute of Social Studies, vol. 25(1), pages 195-229, January.
    3. Peter Utting, 1994. "Social and Political Dimensions of Environmental Protection in Central America," Development and Change, International Institute of Social Studies, vol. 25(1), pages 231-259, January.
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    Cited by:

    1. Luca Tacconi & Sango Mahanty & Helen Suich (ed.), 2010. "Payments for Environmental Services, Forest Conservation and Climate Change," Books, Edward Elgar Publishing, number 14052.
    2. Tacconi, Luca, 1997. "An ecological economic approach to forest and biodiversity conservation: The case of vanuatu," World Development, Elsevier, vol. 25(12), pages 1995-2008, December.
    3. Bennett, Jeffrey W., 1995. "Private Sector Initiatives in Nature Conservation," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(03), pages 1-9, December.
    4. Schmidt-Soltau, Kai & Brockington, Dan, 2007. "Protected Areas and Resettlement: What Scope for Voluntary Relocation?," World Development, Elsevier, vol. 35(12), pages 2182-2202, December.
    5. Marieke Blondet, 2011. "Le développement durable à la lumière de l’ethnographie," Post-Print hal-01190587, HAL.

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