Stories: Economic Valuation of Coral Reefs in the Caribbean

Three key services provided by coral reefs and mangroves in Belize are worth an estimated US$395 million to US$559 million per year, according to a report released today by the World Resources Institute and the World Wildlife Fund.

Annual Economic Contribution of Coral Reefs and Mangroves in Belize

The World Resources Institute (WRI) and the U.S. Environmental Protection Agency (EPA) today announced a collaboration to deliver improved science and practical tools to help companies and governments protect ecosystems and address climate change.

Direct annual economic benefits of tourism and fisheries resulting from coral reefs amounts to US$94 million in St. Lucia and US$44 million in Tobago. Those numbers amount to 11 percent and 15 percent of those Caribbean islands’ yearly gross-domestic product.

Corporate Ecosystem Services Review road-tested by Akzo Nobel,

BC Hydro, Mondi, Rio Tinto, and Syngenta