Economic aspects

Valuation forms a key exercise in economic analysis and provides important information for wetlands conservation. The basic aim of valuation is to determine people's preferences - how much they are willing to pay for, and how much better or worse off they would consider themselves to be as a result of changes in the supply of different goods and services. This guide demonstrates how valuation tools can be used in practical situations of wetland conservation in eastern Africa

The tools of environmental economics are not as well-known in Asia as they should be. This volume seeks to fill this gap by building understanding in this important area and showing policy-makers how these tools can contribute to resolving important questions in South Asian development. The book begins with an overview paper explaining what economists think about the environment and introduces the tools of valuation, cost-benefit analysis and environmental accounting.

This guide illustrates the potential for using valuation as a tool for diversifying the funding structure for protected areas and for providing information about stakeholders which is crucial for effective management.