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• W2900865720 abstract "• We address the issue of biodiversity valuation in the Great Barrier Reef. • Total Economic Value and ecosystem services valuation approaches are reviewed. • The link is drawn between biodiversity, ES and human well-being. • The suitability of 23 finance mechanisms is reviewed for the GBR. • Biodiversity valuation and finance solutions are linked. The Great Barrier Reef (GBR) is a World-known, iconic environmental asset whose complex functioning is largely ascribed to its outstanding biodiversity, ranging from genes to plants, animals and entire ecosystems. Biodiversity has been key to its resilience over the past millennia. However, the combined effects of climate change, water quality degradation and coastal development are threatening the GBR’s resilience. There is a crucial need to better understand the value of biodiversity in that region to encourage sustainable policy-making. Different approaches have been suggested in the literature to value biodiversity. First, we review the use of a Total Economic Value framework to look into all dimensions of biodiversity values. Second, we describe an approach relying on ecosystem services. The suitability of these two approaches to value biodiversity in the GBR is assessed. Next, we review 23 finance mechanisms and discuss the possibility to use them to alleviate pressures on ecosystems and biodiversity in the GBR. We conclude by stressing the importance of biodiversity valuation in the GBR, highlight some of the remaining challenges and provide recommendations for future research avenues." @default.
• W2900865720 created "2018-11-29" @default.
• W2900865720 creator A5065812183 @default.
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• W2900865720 date "2019-02-01" @default.
• W2900865720 modified "2023-09-26" @default.
• W2900865720 title "Comparing biodiversity valuation approaches for the sustainable management of the Great Barrier Reef, Australia" @default.
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• W2900865720 doi "https://doi.org/10.1016/j.ecoser.2018.11.003" @default.
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