Inspiration value of coral reef ecosystems (Ecuador)can help you understand the value of
$0.22 per hectare per year
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This is the estimated value of the ecosystem service: Inspiration, subservice: Artistic inspiration. This valuation is specific to Ecuador.
This valuation was extracted from The TEEB Valuation Database – a searchable database of 1310 estimates of monetary values of ecosystem services. Foundation for Sustainable Development, Wageningen, the Netherlands. Available at: http://www.fsd.nl/downloadattachment/80763/87522/TEEB%20database%20and%20Final%20report.zip
This valuation was calculated for Galapagos National Park, Ecuador. This valuation was calculated using the Direct market pricing method.
De Groot, R. (1992) Functions of nature: evaluation of nature in environmental planning, management, and decision making. Wolters-Noordhoff, Groningen, the Netherlands, 315pp.
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