Friday, November 14, 2008

Coral reefs and mangroves worth $395-559 M per year in Belize

From an article posted on Mongabay.com:


Services provided by coral reefs and mangroves in Belize are worth US$395 million to US$559 million per year, or 30 to 45 percent of the Central American country's GDP — according to a new report released by the World Resources Institute and the World Wildlife Fund.

The study assessed the value of ecosystem services — including flood and erosion control and protection against storm surge — provided by reefs and mangroves as well as associated economy activities from fisheries and tourism.

The authors estimate that reef- and mangrove-associated tourism contributes US$150 million and US$196 million to Belize's economy each year, while reef- and mangrove-dependent fisheries contribute a US$14 million to US$16 million. Coral reefs and mangroves respectively provide $120-180 million and $111-167 million in avoided damages and protection each year.

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