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Valuation of marine and coastal ecosystem services as a tool for conservation: The case of Martinique in the Caribbean

Journal article published in 2015 by Pierre Failler, Élise Pètre, Thomas Binet, Jean-Philippe Maréchal
This paper is available in a repository.
This paper is available in a repository.

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Preprint: policy unknown
Question mark in circle
Postprint: policy unknown
Question mark in circle
Published version: policy unknown

Abstract

Martinique possesses 55 km2 of coral reefs, 50km 2 of sea grass and 20km 2 of mangroves. These three ecosystems produce services to a value estimated at 250 million € per year (valuation recently undertaken under the French initiative for Coral Reef Conservation - the IFRECOR program). It is estimated that around 60% of this value originates from direct uses such as recreational activities (diving, excursions, beach activities, etc.) tourism and fisheries. Ecosystem services (indirect uses) such as coastal protection, carbon sequestration, biomass production and water purification are significant since their total value reaches 94 million € annually (38% of the total economic value). Non-use values linked to improvements in health of coastal ecosystems is estimated to be 10 million € per year. At the ecosystem level, sea grass and mangrove contribute the most (per km 2 ) to wealth creation (2.16 million €/km 2 , 1.87 million €/km2 respectively, against 1.78 million €/km 2 for coral reefs). They need, therefore, to benefit from protection and management measures in the same magnitude as coral reefs already receive. The valuation also shows that, due to policy inaction, the loss of value is about 2.5 million € per year, which urges politicians to develop a sound conservation policy.