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Valuing beaches to develop payment for ecosystem services schemes in Colombia’s Seaflower marine protected area

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  • Castaño-Isaza, Juliana
  • Newball, Rixcie
  • Roach, Brian
  • Lau, Winnie W.Y.

Abstract

The Colombian Seaflower marine protected area (SMPA) is the largest MPA in the Caribbean. The economy of the main island, San Andres (SAI) relies on tourism. This study conducted 1793 surveys to capture information about tourists’ experience and the value they placed on SAI’s beaches. Tourists considered beaches as the main reason for choosing SAI as a destination and expressed that they would be willing to pay additional money, US$ 997,468 annually, on top of what they had already paid for their vacation to protect SAI’s beaches. The study also showed how beach erosion could negatively impact economically the tourism sector of SAI, reducing revenue by 66.6% (estimated at US$ 73 million annually). This research contributed to the first stage in the development of a payment for ecosystem services (PES) scheme to protect SAI’s beaches. The importance of beaches for SAI and the potential loss of revenue due to beach erosion create an opportunity to incentivize the private sector to invest in natural infrastructure that maintains and protects beaches. This study also informs the potential application of valuation studies for the development of innovative financing instruments, such as PES, to achieve financial sustainability for the MPA network in Colombia.

Suggested Citation

  • Castaño-Isaza, Juliana & Newball, Rixcie & Roach, Brian & Lau, Winnie W.Y., 2015. "Valuing beaches to develop payment for ecosystem services schemes in Colombia’s Seaflower marine protected area," Ecosystem Services, Elsevier, vol. 11(C), pages 22-31.
    • Handle: RePEc:eee:ecoser:v:11:y:2015:i:c:p:22-31
    DOI: 10.1016/j.ecoser.2014.10.003
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    References listed on IDEAS

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    8. Bing Yu & Yuying Cai & Laiqun Jin & Bisheng Du, 2018. "Effects on Willingness to Pay for Marine Conservation: Evidence from Zhejiang Province, China," Sustainability, MDPI, vol. 10(7), pages 1-17, July.
    9. Nguyen, Manh-Hung & Nguyen, Thi Lan Anh & Nguyen, Tuan & Reynaud, Arnaud & Simioni, Michel & Hoang, Viet-Ngu, 2021. "Economic analysis of choices among differing measures to manage coastal erosion in Hoi An (a UNESCO World Heritage Site)," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 529-543.
    10. Divinsky, Itai & Becker, Nir & Bar (Kutiel), Pua, 2017. "Ecosystem service tradeoff between grazing intensity and other services - A case study in Karei-Deshe experimental cattle range in northern Israel," Ecosystem Services, Elsevier, vol. 24(C), pages 16-27.
    11. Nuria Rodríguez-López & M. Isabel Diéguez-Castrillón & Ana Gueimonde-Canto, 2019. "Sustainability and Tourism Competitiveness in Protected Areas: State of Art and Future Lines of Research," Sustainability, MDPI, vol. 11(22), pages 1-32, November.
    12. dela Vega, Joela Mizchelle Aquino & Bradecina, Raul Giga & Shinbo, Teruyuki, 2023. "Analyzing Factors of Willingness to Work or Pay for the Management of Atulayan Bay Marine Protected Area in Sagñay, Camarines Sur, Philippines: Does Social Capital Help Subserve Fisherfolks’ Cooperati," Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics), Agricultural Economics Society of Japan (AESJ), vol. 25.
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