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Forests 2015, 6(9), 3028-3044; doi:10.3390/f6093028

Economic Valuation of Mangroves for Comparison with Commercial Aquaculture in South Sulawesi, Indonesia

1
Department of Geography, State University of Makassar (UNM), Jl. Malengkeri Raya, Kampus Parangtambung Makassar 90224, Indonesia
2
Department of Geosciences and Natural Resources Management, Section of Geography, University of Copenhagen, ØsterVoldgade 10, 1350 København, 999017, Kongeriget Danmark
*
Author to whom correspondence should be addressed.
Academic Editors: Thomas Straka and Eric J. Jokela
Received: 20 June 2015 / Revised: 20 August 2015 / Accepted: 25 August 2015 / Published: 31 August 2015
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Abstract

Mangroves are recognized as a provider of a variety of products and essential ecosystem services that contribute significantly to the livelihood of local communities. However, over the past decades, mangroves in many tropical areas including the Takalar district, South Sulawesi have degraded and decreased mainly due to conversion to aquaculture. Currently, little is known about the economic benefits of commercialization of aquaculture as compared to those derived from mangroves in the form of products and services. Here, we estimate the Total Economic Value (TEV) of mangrove benefits in order to compare it with the benefit value of commercial aquaculture. Market prices, replacement costs, benefit transfer value and Cost-Benefit Analyses (CBA) have been used for value determination and comparison. The results show that the per year TEV of mangroves in the study area (Takalar district, South Sulawesi) was in the range of 4370 thousands USD (kUSD) to 10,597 kUSD or 4 kUSD to 8 kUSD per hectare (the highest value contribution derived from the indirect use value (94%)), whereas commercial aquaculture had a net benefit value of 228 kUSD or 3 kUSD per hectare. In addition, the comparison of Net Present Value (NPV) between the benefit value of mangroves and that of commercial aquaculture revealed that conversion of mangroves into commercial aquaculture was not economically beneficial when the analysis was expanded to cover the costs of environmental and forest rehabilitation. View Full-Text
Keywords: economic valuation; mangroves; commercial aquaculture; Indonesia; South Sulawesi economic valuation; mangroves; commercial aquaculture; Indonesia; South Sulawesi
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Malik, A.; Fensholt, R.; Mertz, O. Economic Valuation of Mangroves for Comparison with Commercial Aquaculture in South Sulawesi, Indonesia. Forests 2015, 6, 3028-3044.

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