Recreation value of coral reef ecosystems (Australia) (Alternate valuation 1)can help you understand the value of
$2.80833815865663 per hectare per year
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This is the estimated value of the ecosystem service: Recreation, subservice: Tourism. This valuation is specific to Australia.
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 Great Barrier Reef Marine Park and Catchment area, Australia. Value added from recretional fishing and other recreational activities. This valuation was calculated using the Direct market pricing method.
Acess Economics (2008) The economic contribution of GBRMP - Report 2006-2007. Access Economics PTY Ltd. For Great Barrier Reef Marine Park Authority, Australia.
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