Perceived importance and economic valuation of ecosystem services in Ghodaghodi wetland of Nepal

Aryal, Kishor and Ojha, Bhuwan Raj and Maraseni, Tek (2021) Perceived importance and economic valuation of ecosystem services in Ghodaghodi wetland of Nepal. Land Use Policy, 106:105450. pp. 1-12. ISSN 0264-8377


Abstract

Being the most productive ecosystem on earth, wetlands provide basic as well as critical ecosystem services to humans and other living beings. However, the wetland resources are constantly being degraded because of poor understanding of its importance at local level and the lack of recognition of their economic value at sub-national and national levels. Using a case study of a Ramsar Convention site of Nepal - Ghodaghodi Wetland area―this paper identifies ecosystem services of the wetland based on its perceived importance at local level, and assessed its use and non-use values through total economic valuation method. We have employed literature review and participatory research tools (i.e., key informant interviews, household survey and field observation) for data collection. Based on priority ranking analysis, we found that ten major ecosystem services provided by the wetland, forest products being ranked as the most important followed by edible foods and tourism. Local people ranked (active) use value as the highest priority because the wetland is a complex of lake clusters with surrounding forests of the tropical region, providing the most needed provisioning services to local communities. As of the present evaluation of ecosystem services, the annual net economic return from Ghodaghodi wetland is estimated at 0.67 million US dollars, use value comprising 96% of the total. Having discussed the linkages and relations between (1) people’s preferences and economic value and (2) use value and non-use values, we have suggested much needed policy interventions and future pathways of research for minimizing tradeoffs between provisioning and other ecosystem services, and for the precautionary interventions to sustain (active) use value while maintaining the integrity of ecosystem health.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to Published version, in accordance with the copyright policy of the publisher.
Faculty/School / Institute/Centre: Current - Institute for Life Sciences and the Environment - Centre for Sustainable Agricultural Systems (1 Aug 2018 -)
Faculty/School / Institute/Centre: Current - Institute for Life Sciences and the Environment - Centre for Sustainable Agricultural Systems (1 Aug 2018 -)
Date Deposited: 19 Apr 2021 05:14
Last Modified: 25 Oct 2021 23:09
Uncontrolled Keywords: economic valuation; ecosystem services; Ghodaghodi wetland; people’s priority; willingness to pay
Fields of Research (2008): 05 Environmental Sciences > 0502 Environmental Science and Management > 050205 Environmental Management
Fields of Research (2020): 41 ENVIRONMENTAL SCIENCES > 4104 Environmental management > 410404 Environmental management
Socio-Economic Objectives (2008): D Environment > 96 Environment > 9605 Ecosystem Assessment and Management > 960599 Ecosystem Assessment and Management not elsewhere classified
Socio-Economic Objectives (2020): 18 ENVIRONMENTAL MANAGEMENT > 1806 Terrestrial systems and management > 180601 Assessment and management of terrestrial ecosystems
Identification Number or DOI: https://doi.org/10.1016/j.landusepol.2021.105450
URI: http://eprints.usq.edu.au/id/eprint/41829

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