Perceived Economic Value of Ecosystem Services in the US Rio Grande Basin
| Autor: | Weiwei Wang, Jianhong E. Mu, Jadwiga R. Ziolkowska |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
economic evaluation
Environmental effects of industries and plants Renewable Energy Sustainability and the Environment Geography Planning and Development TJ807-830 willingness-to-pay Management Monitoring Policy and Law TD194-195 Renewable energy sources Environmental sciences Rio Grande contingent valuation ecosystem services GE1-350 |
| Zdroj: | Sustainability; Volume 13; Issue 24; Pages: 13798 Sustainability, Vol 13, Iss 13798, p 13798 (2021) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su132413798 |
| Popis: | In recent decades, the US Rio Grande Basin has experienced serious ecosystem degradation as a result of recurring severe droughts and a growing population. Monetary valuation of ecosystem services is essential for encouraging conservation where natural resources such as freshwater are limited. Research in this field is still very limited, and economic estimations of ecosystem services in the US Rio Grande Basin have not been undertaken extensively. This study adds to the existing contemporary literature by means of the willingness-to-pay evaluation. We found the mean household wiliness to pay of total ecosystem services across the Rio Grande Basin to amount to USD 62/year, and the average perceived economic value was estimated to be USD 26.2, USD 19.7, USD 8.1, and USD 7.1 yearly for conservation of habitat for wildlife, provision of freshwater supplies, recreational activities, and cultural heritage, respectively. The income and perceptions about the importance of various ecosystem services in the Rio Grande Basin were among the main determinants of respondents’ assessments. The findings provide an appropriate foundation for incorporating perceived economic value into watershed management and conservation. |
| Databáze: | OpenAIRE |
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