The economic value of ecosystem services in the Great Barrier Reef: our state of knowledge

Stoeckl, Natalie, Hicks, Christina C., Mills, Morena, Fabricius, Katharina, Esparon, Michelle, Kroon, Frederieke, Kaur, Kamaljit, and Costanza, Robert (2011) The economic value of ecosystem services in the Great Barrier Reef: our state of knowledge. Annals of the New York Academy of Sciences, 1219. pp. 113-133.

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Abstract

This article reviews literature relating to the Great Barrier Reef (GBR) and aims to assess the current state of knowledge about (1) the "value" of ecosystem services (ES) provided by the GBR and (2) the way in which activities that are carried out in regions adjacent to the GBR affect those values. It finds that most GBR valuation studies have concentrated on a narrow range of ES (e.g., tourism and fishing) and that little is known about other ES or about the social, temporal, and spatial distribution of those services. Just as the reef provides ES to humans and to other ecosystems, so too does the reef receive a variety of ES from adjoining systems (e.g., mangroves). Yet, despite the evidence that the reef's ability to provide ES has been eroded because of recent changes to adjoining ecosystems, little is known about the value of the ES provided by adjoining systems or about the value of recent changes. These information gaps may lead to suboptimal allocations of resource use within multiple realms.

Item ID: 15688
Item Type: Article (Refereed Research - C1)
Keywords: ecosystem services; economic valuation; Great Barrier Reef (GBR); catchments
ISSN: 1749-6632
Date Deposited: 07 Jun 2011 23:34
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140205 Environment and Resource Economics @ 50%
05 ENVIRONMENTAL SCIENCES > 0501 Ecological Applications > 050199 Ecological Applications not elsewhere classified @ 25%
06 BIOLOGICAL SCIENCES > 0699 Other Biological Sciences > 069999 Biological Sciences not elsewhere classified @ 25%
SEO Codes: 96 ENVIRONMENT > 9605 Ecosystem Assessment and Management > 960502 Ecosystem Assessment and Management of Antarctic and Sub-Antarctic Environments @ 25%
96 ENVIRONMENT > 9605 Ecosystem Assessment and Management > 960506 Ecosystem Assessment and Management of Fresh, Ground and Surface Water Environments @ 75%
Citation Count from Web of Science Web of Science 7
Downloads: Total: 3
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