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Valuing the storm protection service of estuarine and coastal ecosystems

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  • Barbier, Edward B.

Abstract

Recent concern over the loss of estuarine and coastal ecosystems (ECEs) often focuses on an important service provided by these ecosystems, their role in protecting coastal communities from storms that damage property and cause deaths and injury. Past valuations of this benefit have relied on the second-best replacement cost method, estimating the protective value of ECEs with the cost of building human-made storm barriers. A promising alternative methodological approach to incorporate these factors is using the expected damage function (EDF) method, which requires modeling the production of this protection service of ECEs and estimating its value in terms of reducing the expected damages or deaths avoided by coastal communities. This paper illustrates the EDF approach to value the storm protection service of ECEs, using the example of mangroves in Thailand to compare and contrast the EDF with the replacement cost approach to estimate the protective value of ECEs. In addition, the example of marshes in the US Gulf Coast is employed to show how the EDF approach can be combined with hydrodynamic analysis of simulated hurricane storm surges to determine the economic value of expected property damages reduced through the presence of marsh wetlands and their vegetation along a storm surge path.

Suggested Citation

  • Barbier, Edward B., 2015. "Valuing the storm protection service of estuarine and coastal ecosystems," Ecosystem Services, Elsevier, vol. 11(C), pages 32-38.
    • Handle: RePEc:eee:ecoser:v:11:y:2015:i:c:p:32-38
    DOI: 10.1016/j.ecoser.2014.06.010
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    1. Craig E. Landry & Paul Hindsley & Okmyung Bin & Jamie B. Kruse & John C. Whitehead & Ken Wilson, 2011. "Weathering the Storm: Measuring Household Willingness-to-Pay for Risk-Reduction in Post-Katrina New Orleans," Southern Economic Journal, John Wiley & Sons, vol. 77(4), pages 991-1013, April.
    2. Edward B. Barbier & Brian S. Enchelmeyer, 2014. "Valuing the storm surge protection service of US Gulf Coast wetlands," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 3(2), pages 167-185, July.
    3. Barbier, Edward B., 2012. "A spatial model of coastal ecosystem services," Ecological Economics, Elsevier, vol. 78(C), pages 70-79.
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    Cited by:

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    2. Sipesihle Booi & Syden Mishi & Oddgeir Andersen, 2022. "Ecosystem Services: A Systematic Review of Provisioning and Cultural Ecosystem Services in Estuaries," Sustainability, MDPI, vol. 14(12), pages 1-29, June.
    3. Vincent T. M. Zelst & Jasper T. Dijkstra & Bregje K. Wesenbeeck & Dirk Eilander & Edward P. Morris & Hessel C. Winsemius & Philip J. Ward & Mindert B. Vries, 2021. "Cutting the costs of coastal protection by integrating vegetation in flood defences," Nature Communications, Nature, vol. 12(1), pages 1-11, December.
    4. Herrera, Diego & Cunniff, Shannon & DuPont, Carolyn & Cohen, Benjamin & Gangi, Dakota & Kar, Devyani & Peyronnin Snider, Natalie & Rojas, Victor & Wyerman, Jim & Norriss, Jessie & Mountenot, Marshall, 2019. "Designing an environmental impact bond for wetland restoration in Louisiana," Ecosystem Services, Elsevier, vol. 35(C), pages 260-276.
    5. Liyun Zhang & Quan Zhen & Min Cheng & Zhiyun Ouyang, 2019. "The Main Drivers of Wetland Changes in the Beijing-Tianjin-Hebei Region," IJERPH, MDPI, vol. 16(14), pages 1-16, July.
    6. Takahiro Tsuge & Yasushi Shoji & Koichi Kuriyama & Ayumi Onuma, 2022. "Using a Choice Experiment to Understand Preferences for Disaster Risk Reduction with Uncertainty: A Case Study in Japan," Sustainability, MDPI, vol. 14(8), pages 1-17, April.
    7. Beck, Michael W. & Heck, Nadine & Narayan, Siddharth & Menéndez, Pelayo & Reguero, Borja G. & Bitterwolf, Stephan & Torres-Ortega, Saul & Lange, Glenn-Marie & Pfliegner, Kerstin & Pietsch McNulty, Val, 2022. "Return on investment for mangrove and reef flood protection," Ecosystem Services, Elsevier, vol. 56(C).
    8. Meixler, Marcia S., 2017. "Assessment of Hurricane Sandy damage and resulting loss in ecosystem services in a coastal-urban setting," Ecosystem Services, Elsevier, vol. 24(C), pages 28-46.
    9. Christine Carmichael & Cecilia Danks & Christine Vatovec, 2019. "Green Infrastructure Solutions to Health Impacts of Climate Change: Perspectives of Affected Residents in Detroit, Michigan, USA," Sustainability, MDPI, vol. 11(20), pages 1-15, October.
    10. Borja G Reguero & Michael W Beck & David N Bresch & Juliano Calil & Imen Meliane, 2018. "Comparing the cost effectiveness of nature-based and coastal adaptation: A case study from the Gulf Coast of the United States," PLOS ONE, Public Library of Science, vol. 13(4), pages 1-24, April.
    11. Christopher G. Siverd & Scott C. Hagen & Matthew V. Bilskie & DeWitt H. Braud & Robert R. Twilley, 2020. "Quantifying storm surge and risk reduction costs: a case study for Lafitte, Louisiana," Climatic Change, Springer, vol. 161(1), pages 201-223, July.

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