Valuing the environment in small islands : an environmental economics toolkit / by Pieter van Beukering ...et al.

Abstract

This is an extract of a publication for the complete publication visit http://www.jncc.gov.uk/page-4065 Valuing the Environment in Small Islands An Environmental Economics Toolkit This is an extract of a publication for the complete publication visit http://www.jncc.gov.uk/page-4065 Valuing the Environment in Small Islands An Environmental Economics Toolkit Pieter van Beukering Luke Brander Emma Tompkins Emily McKenzie May 2007 This is an extract of a publication for the complete publication visit http://www.jncc.gov.uk/page-4065 Contents Acknowledgements Acknowledgements 3 5.6 Replacement cost 53 Developing a toolkit is an impossible task without the active participation of its audience. Context 4 5.7 Damage cost avoided 55 Throughout the writing process, we received extremely valuable inputs from the Steering 5.8 Net factor income 56 Committee, which included Tara Pelembe, Diana Mortimer and Vin Fleming (all JNCC), Carole 5.9 Production function 57 McCauley and Stephen Mendes (Centre Hills Project, Montserrat), Samia Sarkis (Department of 5.10 Hedonic pricing 59 Conservation, Bermuda), Mat Cottam (Department of Environment, Cayman Islands), Danielle 5.11 Travel cost method 61 Perrot-Maître (Caribbean Initiative, IUCN), Nesha Beharry (University of York), Paula Holland 5.12 Contingent valuation 64 (Pacific Applied Geoscience Commission), Nicholas Conner (Department of Environment and 5.13 Choice modelling 67 Conservation, Australia and Coordinator of Economic Valuation Taskforce of IUCN World 5.14 Value transfer 70 Commission on Protected Areas). The toolkit has been made possible through funding from 1. Introduction: The importance, role and framework of environmental valuation 6 1.1 How can environmental valuation be useful in small islands? 6 1.2 The role of economic values in ecosystem management 8 1.3 Framework for analysis 10 1.4 How to use this toolkit 13 2. Why do small islands require special consideration? 16 2.1 Introduction 16 2.2 Small island ecosystems 17 2.3 Environmental challenges on small islands 19 2.4 Economic options for development and areas for concern 21 2.5 Decision making in small islands 3. Stakeholders 6. Collecting and using different types of data 74 6.1 Introduction 74 6.2 Secondary data collection (including market prices) 75 6.3 Economic, social and environmental primary data 78 6.4 Questionnaires 80 6.5 Sampling 81 24 6.6 Data limitations 82 28 7. Decision support tools 84 28 7.1 Introduction 84 3.2 Participation in decision making 28 7.2 Cost-Benefit Analysis 85 3.3 Who should be involved? 30 7.3 Multi-Criteria Analysis 88 7.4 Risk and uncertainty 91 7.5 Distributional, spatial, and temporal issues 91 3.1 Introduction 3.4 Categorising stakeholders into priority groups 30 3.5 When should different stakeholders be involved? 31 3.6 How should stakeholders be involved? 32 4. Scenario development and impact