A revealed preference approach to valuing non-market recreational fishing losses from the Deepwater Horizon oil spill

Determinants of Recreational Activities Choice in Protected Areas

Conciliating nature conservation and tourism development is an increasingly important task for authorities in charge of managing protected areas and requires an adequate knowledge of visitors′ preferences and recreational behavior. In this light, we used data collected by means of a choice experiment to investigate recreational preferences at Dolomiti Bellunesi National Park, a protected area located in Northeastern Italy. More specifically, we analyzed the determinants of visitors’ decisions to engage with different activities in the park. This is important information for park managers, as different recreational activities have both different impact on the natural heritage and different capability to generate revenue for nature conservation and for enhancing the quality of life of local communities. The findings of our study suggest that the choice of recreational activities is mainly driven by the features of recreational sites and by visitors’ personal characteristics. Concerning park features, visitors’ choices seem to be mostly driven by features directly related to each activity, such as thematic trails for hiking and climbing routes for rock climbing. Among visitors′ characteristics, we found that both previous experience with the activity and socio-demographic characteristics had a significant effect on activity choice. Overall, the results of our study can help park authorities in developing management plans aimed specifically at attracting a larger number of visitors of a certain type, which is an important tool to foster the more sustainable forms of tourism.

Does size matter? The direct economic costs associated with the MV Rena oil spill

The MV Rena ran aground on the 5 October 2011 off the coast of New Zealand, releasing over 350 t of heavy fuel oil. The environmental effects of this spill are well documented, however, little research has been undertaken regarding the short term economic losses observed because of the spill. By looking at pre- and post-spill trends for commercial fisheries and tourism in the area, as well as the clean-up and restoration costs, the direct costs associated with the MV Rena oil spill can be estimated. Overall, net losses of NZD 45,479,017 were observed. This research adds to the limited economic reports regarding small/medium oil spills, and demonstrates that even these smaller spills are capable of having a sizeable impact on local economies.

Towards integrated modeling of the long-term impacts of oil spills

Although great progress has been made to advance the scientific understanding of oil spills, tools for integrated assessment modeling of the long-term impacts on ecosystems, socioeconomics and human health are lacking. The objective of this study was to develop a conceptual framework that could be used to answer stakeholder questions about oil spill impacts and to identify knowledge gaps and future integration priorities. The framework was initially separated into four knowledge domains (ocean environment, biological ecosystems, socioeconomics, and human health) whose interactions were explored by gathering stakeholder questions through public engagement, assimilating expert input about existing models, and consolidating information through a system dynamics approach. This synthesis resulted in a causal loop diagram from which the interconnectivity of the system could be visualized. Results of this analysis indicate that the system naturally separates into two tiers, ocean environment and biological ecosystems versus socioeconomics and human health. As a result, ocean environment and ecosystem models could be used to provide input to explore human health and socioeconomic variables in hypothetical scenarios. At decadal-plus time scales, the analysis emphasized that human domains influence the natural domains through changes in oil-spill related laws and regulations. Although data gaps were identified in all four model domains, the socioeconomics and human health domains are the least established. Considerable future work is needed to address research gaps and to create fully coupled quantitative integrative assessment models that can be used in strategic decision-making that will optimize recoveries from future large oil spills.

Economic benefit of wildlife reintroduction: A case of elk hunting in Tennessee, USA

With growing public interest in ecosystem restoration, wildlife agencies in the U.S. and around the world have adopted wildlife reintroduction program as a conservation strategy. In addition to their ecological benefits, stakeholders are often interested in economic benefits of wildlife reintroduction such as hunting opportunities once a viable population is established. Even though the trip-based travel cost models are widely used in economic valuation of hunting access, such models are not applicable in valuation of sites of recent restoration, where hunting opportunities are limited. With the case of recently completed elk restoration in Tennessee, USA, this study characterizes the economic benefit of hunting opportunity resulting from reintroduction. In doing so, it also presents a procedure to estimate the economic benefit of current use and unmet demand associated with hunting opportunities generated from a wildlife reintroduction program. The annual net economic benefit associated with current use and value of unmet demand is found to be over $2 million. The study also demonstrates the viability of permit-based models in producing reliable estimates of economic benefit of recreation access where demand is lottery-rationed or trip profile data is unavailable.

The Elusive Quest for Valuation of Coastal and Marine Ecosystem Services

Coastal and marine ecosystem (CME) services provide benefits to people through direct goods and services that may be harvested or enjoyed in situ and indirect services that regulate and support biological and geophysical processes now and in the future. In the past two decades, there has been an increase in the number of studies and journal articles designed to measure the economic value of the world’s CME services, although there is significantly less published research than for terrestrial ecosystems. This article provides a review of the literature on valuation of CME services along with a discussion of the theoretical and practical challenges that must be overcome to utilize valuation results in CME policy and planning at local, regional, and global scales. The review reveals that significant gaps exist in research and understanding of the broad range of CME services and their economic values. It also raises questions about the validity of aggregating ecosystem services as independent components to determine the value of a biome when there is little understanding of the relationships and feedbacks between ecosystems and the services they produce. Finally, the review indicates that economic valuation of CME services has had a negligible impact on the policy process in four main regions around the world. An alternative direction for CME services research would focus on valuing the world’s CME services in a wealth accounting framework.

Valuing Provision Scenarios of Coastal Ecosystem Services: The Case of Boat Ramp Closures Due to Harmful Algae Blooms in Florida

Ecosystem service flows may change or disappear temporarily or permanently as a result of environmental changes or ecological disturbances. In coastal areas, ecological disturbances caused by toxin-producing harmful algae blooms can impact flows of ecosystem services, particularly provisioning (e.g., seafood harvesting) and cultural services (e.g., recreation). This study uses a random utility model of recreational boating choices to simulate changes in the value of cultural ecosystem services provided by recreation in coastal ecosystems resulting from prolonged ecological disturbances caused by harmful algae blooms. The empirical application relies on observed trips to 35 alternative boat access ramps in Lee County, an important marine access destination in southwest Florida. Results indicate that reduced boating access from harmful algae blooms may have resulted in losses of $3 million for the 2018 blooms, which lasted from the end of June to the end of September.

Modeling for the allocation of oil spill recovery capacity considering environmental and economic factors

This study presents a regional oil spill risk assessment and capacities for marine oil spill response in Korea. The risk assessment of oil spill is carried out using both causal factors and environmental/economic factors. The weight of each parameter is calculated using the Analytic Hierarchy Process (AHP). Final regional risk degrees of oil spill are estimated by combining the degree and weight of each existing parameter. From these estimated risk levels, oil recovery capacities were determined with reference to the recovery target of 7500kl specified in existing standards. The estimates were deemed feasible, and provided a more balanced distribution of resources than existing capacities set according to current standards.