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  • Blog post

    Making Economic Valuation Count for Coastal Ecosystems in the Caribbean

    Governments, businesses, development agencies, and NGOs are increasingly turning to economic valuation as a way to protect coral reefs and mangroves. This process makes the economic case for protection and sustainable use of natural resources by showing the monetary, employment, and infrastructure benefits ecosystems provide—metrics that are easily understood by decision-makers.

    But not all economic valuations are created equal. WRI's new guidebook shows how NGOs and other stakeholders can conduct economic valuations in ways that lead to real change on the ground.

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  • Publication

    Coastal Capital: Ecosystem Valuation for Decision Making in the Caribbean

    This guidebook details the steps in conducting a coastal ecosystem valuation to inform decision making in the Caribbean. It guides valuation practitioners—both economists and non-economists—through the three phases of a valuation effort (scoping, analysis and outreach), with an emphasis on...

  • Event
  • Blog post

    Cuba's Jardines de la Reina Reef—A Beacon of Hope in the Caribbean

    Roughly 75 percent of the Caribbean's coral reefs are threatened--with more than 30 percent ranking in the "high" or "very high" threat category. But one reef system in Cuba, Jardines de la Reina (the "Gardens of the Queen"), offers great lessons—and hope—for effective coral reef management.

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  • Blog post

    Does Economic Valuation Really Influence Coastal Policy?

    Governments, corporations, and development agencies are increasingly interested in putting a dollar value on ecosystems in order to balance conservation and development needs, a concept known as “economic valuation.” For example, St. Maarten’s government recently established the country’s first marine national park after a local organization found that the area’s coastal ecosystems contribute $58 million per year through tourism and fisheries. Belize enacted a host of new fishing regulations based on a WRI valuation, which found that coral reef- and mangrove-associated tourism contributes $150 million-$196 million per year to the country’s economy. And in Bonaire, park managers used economic valuation to justify the Bonaire Marine Park’s establishment of user fees—making it one of the few self-financed marine parks in the Caribbean.

    These stories show that economic valuation can indeed lead to better coastal policy, conserving these ecosystems and securing their important economic contributions. However, according to new WRI research, these cases tend to be the exception in the Caribbean.

    Economic Valuation and Coastal Policy in the Caribbean

    In the Caribbean, there is keen interest in economic valuation of coastal ecosystems to inform policy and improve natural resource management. But while the literature on the value of coral reefs and mangroves in the Caribbean continues to grow, these ecosystems continue to decline.

    WRI and the Marine Ecosystem Services Partnership (MESP) took a closer look at the impact of previous economic valuation studies in the Caribbean. Out of more than 200 studies of the economic value of the Caribbean’s marine ecosystem goods and services, we were only able to identify 13 that actually influenced marine and coastal management policies, such as those in Bonaire, St. Maarten, and Belize.

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  • Publication

    Influence of Coastal Economic Valuations in the Caribbean

    Enabling Conditions and Lessons Learned

    This paper assesses the policy influence of previous coastal ecosystem economic valuations in the Caribbean and identifies the key “enabling conditions” for valuations to influence policy, management, or investment decisions. These findings will inform WRI's and our partners’ efforts to...

  • Blog post

    Indonesia’s President Yudhoyono: Meeting Today’s Economic and Environmental Challenges by “Valuing Nature”

    WRI co-hosted a dinner last week to honor Indonesia’s President Susilo Bambang Yudhoyono for advancing sustainability, especially in the Coral Triangle. The event took place at the Mandarin Oriental Hotel in New York City, where more than 300 guests from government, business, and the non-profit sector gathered to recognize Indonesia’s president.

    WRI’s president, Andrew Steer, opened the event by reminding guests that President Yudhoyono is a “different kind of leader.” Earlier in his career, Steer spent eight years in Indonesia, and he’s seen firsthand how the country has approached its economic and environmental challenges.

    “We live in perilous times,” Steer said. “We need innovative thinking and we need out-of-the-box thinking. Today, we have a leader who is an out-of-the-box leader.”

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  • Blog post

    Slideshow: New Report Reveals Threats to Reefs in the Coral Triangle

    The Coral Triangle, an area stretching from southeast Asia to the edge of the western Pacific, is one of the most biologically diverse marine regions on earth. The area holds 30 percent of the world’s coral reefs and 75 percent of all known coral species. The region’s coral reefs provide food and livelihoods to more than 130 million people living within the Coral Triangle, as well to millions more worldwide.

    Despite its importance, the Coral Triangle is the most endangered coral region on earth, with 85 percent of its reefs threatened by local activities like overfishing and destructive fishing, coastal development, and pollution. WRI and partners recently released a new report documenting this situation, Reefs at Risk Revisited in the Coral Triangle. The report provides both a region-wide and country-level perspective on the status of and threats to coral reefs off the coasts of Indonesia, Malaysia, Papua New Guinea, the Philippines, Solomon Islands, and Timor-Leste. It also calls attention to the vulnerability of coral reefs in the Coral Triangle and factors leading to degradation and loss. The report aims to set priorities for management of reefs in the region.

    This slideshow highlights images from the Reefs at Risk Revisited in the Coral Triangle report. Scroll through the photos and maps to learn more about the value coral reefs have for countries in the Coral Triangle, the threats reefs face, and actions that can help protect these vital ecosystems.

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  • Blog post

    Q&A: What Céline Cousteau and Jim Toomey Want You to Know About Coral Reefs

    Ever wonder how coral reefs contribute to the economy and human health? Or how 60 percent of these "rainforests of the sea" came to be so threatened by local activities? Or what, exactly, a coral polyp is? WRI's Reefs at Risk team, along with two renowned ocean advocates, have the answers to these questions and many more in the new video, Coral Reefs: Polyps in Peril.

    WRI worked with Céline Cousteau, founder of CauseCentric Productions and granddaughter of ocean explorer, Jacques Cousteau; and Jim Toomey, creator of the Sherman’s Lagoon comic strip, to create the video. Through Cousteau’s narration and Toomey’s colorful fish animations, viewers can learn about the vital role reefs play in the health of the planet and important economies, the threats these coastal and marine ecosystems face, and how people can help save invaluable corals.

    [youtube Jn5-ARXmQlQ]

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  • Blog post

    Everything You Ever Wanted to Know About Coral Reefs, in a Four-Minute Video

    Coral reefs are beautiful, diverse, productive ecosystems. Many people love to marvel at these rainforests of the sea, but how much does the average person actually know about them? For example, how many people know whether a coral is a rock, a plant, or an animal?

    This lack of understanding prompted WRI and partners to release a major report last year on threats facing the world’s coral reefs. The 120-page Reefs at Risk Revisited report contains a wealth of information on the world’s reefs, including a lengthy answer to the question, “What is a coral reef?” There was just one problem: Most people don’t read 120-page reports, so we needed to get the story of coral reefs out to a wider audience.

    [youtube Jn5-ARXmQlQ]

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Making Economic Valuation Count for Coastal Ecosystems in the Caribbean

Governments, businesses, development agencies, and NGOs are increasingly turning to economic valuation as a way to protect coral reefs and mangroves. This process makes the economic case for protection and sustainable use of natural resources by showing the monetary, employment, and infrastructure benefits ecosystems provide—metrics that are easily understood by decision-makers.

But not all economic valuations are created equal. WRI's new guidebook shows how NGOs and other stakeholders can conduct economic valuations in ways that lead to real change on the ground.

Share

Coastal Capital: Ecosystem Valuation for Decision Making in the Caribbean

This guidebook details the steps in conducting a coastal ecosystem valuation to inform decision making in the Caribbean. It guides valuation practitioners—both economists and non-economists—through the three phases of a valuation effort (scoping, analysis and outreach), with an emphasis on...

Cuba's Jardines de la Reina Reef—A Beacon of Hope in the Caribbean

Roughly 75 percent of the Caribbean's coral reefs are threatened--with more than 30 percent ranking in the "high" or "very high" threat category. But one reef system in Cuba, Jardines de la Reina (the "Gardens of the Queen"), offers great lessons—and hope—for effective coral reef management.

Share

Does Economic Valuation Really Influence Coastal Policy?

Governments, corporations, and development agencies are increasingly interested in putting a dollar value on ecosystems in order to balance conservation and development needs, a concept known as “economic valuation.” For example, St. Maarten’s government recently established the country’s first marine national park after a local organization found that the area’s coastal ecosystems contribute $58 million per year through tourism and fisheries. Belize enacted a host of new fishing regulations based on a WRI valuation, which found that coral reef- and mangrove-associated tourism contributes $150 million-$196 million per year to the country’s economy. And in Bonaire, park managers used economic valuation to justify the Bonaire Marine Park’s establishment of user fees—making it one of the few self-financed marine parks in the Caribbean.

These stories show that economic valuation can indeed lead to better coastal policy, conserving these ecosystems and securing their important economic contributions. However, according to new WRI research, these cases tend to be the exception in the Caribbean.

Economic Valuation and Coastal Policy in the Caribbean

In the Caribbean, there is keen interest in economic valuation of coastal ecosystems to inform policy and improve natural resource management. But while the literature on the value of coral reefs and mangroves in the Caribbean continues to grow, these ecosystems continue to decline.

WRI and the Marine Ecosystem Services Partnership (MESP) took a closer look at the impact of previous economic valuation studies in the Caribbean. Out of more than 200 studies of the economic value of the Caribbean’s marine ecosystem goods and services, we were only able to identify 13 that actually influenced marine and coastal management policies, such as those in Bonaire, St. Maarten, and Belize.

Share

Influence of Coastal Economic Valuations in the Caribbean

Enabling Conditions and Lessons Learned

This paper assesses the policy influence of previous coastal ecosystem economic valuations in the Caribbean and identifies the key “enabling conditions” for valuations to influence policy, management, or investment decisions. These findings will inform WRI's and our partners’ efforts to...

Indonesia’s President Yudhoyono: Meeting Today’s Economic and Environmental Challenges by “Valuing Nature”

WRI co-hosted a dinner last week to honor Indonesia’s President Susilo Bambang Yudhoyono for advancing sustainability, especially in the Coral Triangle. The event took place at the Mandarin Oriental Hotel in New York City, where more than 300 guests from government, business, and the non-profit sector gathered to recognize Indonesia’s president.

WRI’s president, Andrew Steer, opened the event by reminding guests that President Yudhoyono is a “different kind of leader.” Earlier in his career, Steer spent eight years in Indonesia, and he’s seen firsthand how the country has approached its economic and environmental challenges.

“We live in perilous times,” Steer said. “We need innovative thinking and we need out-of-the-box thinking. Today, we have a leader who is an out-of-the-box leader.”

Share

Slideshow: New Report Reveals Threats to Reefs in the Coral Triangle

The Coral Triangle, an area stretching from southeast Asia to the edge of the western Pacific, is one of the most biologically diverse marine regions on earth. The area holds 30 percent of the world’s coral reefs and 75 percent of all known coral species. The region’s coral reefs provide food and livelihoods to more than 130 million people living within the Coral Triangle, as well to millions more worldwide.

Despite its importance, the Coral Triangle is the most endangered coral region on earth, with 85 percent of its reefs threatened by local activities like overfishing and destructive fishing, coastal development, and pollution. WRI and partners recently released a new report documenting this situation, Reefs at Risk Revisited in the Coral Triangle. The report provides both a region-wide and country-level perspective on the status of and threats to coral reefs off the coasts of Indonesia, Malaysia, Papua New Guinea, the Philippines, Solomon Islands, and Timor-Leste. It also calls attention to the vulnerability of coral reefs in the Coral Triangle and factors leading to degradation and loss. The report aims to set priorities for management of reefs in the region.

This slideshow highlights images from the Reefs at Risk Revisited in the Coral Triangle report. Scroll through the photos and maps to learn more about the value coral reefs have for countries in the Coral Triangle, the threats reefs face, and actions that can help protect these vital ecosystems.

Share

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