Pallikaranai marshland and Pulicat lake together worth more than Rs 80 crore


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 completed in another location and context.

The WWF study combined the values of 89 different economic valuation studies of wetlands from across the globe using a statistical synthesis approach, to arrive at global and regional values and also values for different types of wetlands.....Read more

 

Source web page:New Indian Express

 


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