Great Barrier Reef Valuation Concentrated on a Narrow Range of Ecosystem Services
*Corresponding Author:Received Date: Jan 01, 2024 / Published Date: Jan 31, 2024
Warning: Undefined variable $i in /efsdata/omicsonline.org/httpdocs/peer-reviewed/abstract-page.php on line 156
Warning: Undefined variable $for_cr in /efsdata/omicsonline.org/httpdocs/peer-reviewed/abstract-page.php on line 156
Copyright: © 0 . This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Abstract
Economists have long recognized that there is a multiplicity of values associated with the environment and have coined terms such as total economic value, direct-use value, indirect-use value, and non-use valued to help describe those concepts. A vast body of literature on different techniques for attempting to derive monetary estimates of those values now exists, and interested readers are directed to getzner. Suffice to say here, none of the valuation methodologies are flawless, and most are surrounded with at least some controversy, the accuracy of final estimates. Each requires different types of information as an input, and produces sometimes subtly different information as output