Pallikaranai marshland and Pulicat lake together worth more than Rs 80 crore a year, says study

Wetlands and waterbodies, we are told, are invaluable. But do they have an economic value  — perhaps a stronger argument against their exploitation than pleas on the basis of ecological significance?

Yes, says a study conducted by IIT-Madras and Tamil Nadu State Land Use Research Board, along with Indo-German Centre for Sustainability. It has fixed the estimated values of Pallikaranai marsh and Pulicat lake as Rs 10.98 crore and Rs 72.04 crore per year, respectively.

The researchers worked out the estimates from a study conducted by the World Wide Fund for Nature in 2004 to compute the economic values of wetlands in Chennai through a benefit transfer method.

Under this method, economic value for ecosystem services is estimated by transferring available information from studies already ......Read more


Source web page:New Indian Express

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