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Journal of Environmental Biology

pISSN: 0254-8704 ; eISSN: 2394-0379 ; CODEN: JEBIDP

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    Abstract - Issue Sep 2024, 45 (5)                                     Back


nstantaneous and historical temperature effects on a-pinene

Economic valuation of cultural ecosystem services: A case of tropical reservoir ecosystem

 

M. Meharoof1, V.K. Yadav1*, A. Sharma1, V. Anitha2, T.T. Paul3, L. Paul1 and  C. P. Dave1

1Fisheries Economics, Extension and Statistics Division, ICAR-Central Institute of Fisheries Education, Mumbai-400 061, India

2Forest Economics Department, KSCSTE-Kerala Forest Research Institute, Thrissur-680 653, India

3Reservoir and Wetland Division, ICAR-Central Inland Fisheries Research Institute, Cochin-682 018, India

 

Received: 17 February 2024                   Revised: 02 May 2024                   Accepted: 05 July 2024

*Corresponding Author Email : vinodkumar@cife.edu.in                 *ORCiD: https://orcid.org/0000-0003-3466-6460

 

 

 

Abstract

 

Aim: This study analyzes the economic value of ecotourism in the Peechi reservoir of Kerala, focusing on cultural ecosystem services (CES) provided by the reservoir.

Methodology: Consumer surplus of visitors visiting the reservoir was estimated using travel cost methodology, employing both primary and secondary data collection methods.

Results: Peechi reservoir attracts an average of 165,061 visitors annually, generating revenue of 29,03,631.88 and ₹3,35,434.38 as entry and parking fees, respectively. Applying travel cost methodology, the total economic value of ecotourism at Peechiwas estimated at ₹32,39,066.25 per year. The estimated potential economic value of the Peechi reservoir was ₹120,309,765 with a consumer surplus of ₹757.58.

Interpretation: The CES offered by the reservoir ecosystem have not received enough attention. Recognizing the intrinsic value of these under appreciated services can serve as a powerful catalyst for their conservation, fostering a cycle of awareness, informed decision making, and responsible tourism, ultimately paving the path towards sustainable development.

Key words: Cultural ecosystem services, Ecotourism, Monetary valuation, Reservoir, Travel cost method

 

 

 

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