St Andrews Research Repository

St Andrews University Home
View Item 
  •   St Andrews Research Repository
  • University of St Andrews Research
  • University of St Andrews Research
  • University of St Andrews Research
  • View Item
  •   St Andrews Research Repository
  • University of St Andrews Research
  • University of St Andrews Research
  • University of St Andrews Research
  • View Item
  •   St Andrews Research Repository
  • University of St Andrews Research
  • University of St Andrews Research
  • University of St Andrews Research
  • View Item
  • Register / Login
JavaScript is disabled for your browser. Some features of this site may not work without it.

Twenty thousand sterling under the sea : Estimating the value of protecting deep-sea biodiversity

Thumbnail
View/Open
jobstvogt_at_al_ecol_econ_accepted.pdf (670.6Kb)
Date
01/2014
Author
Jobstvogt, N.
Hanley, N.
Hynes, S.
Kenter, J.
Witte, U.
Keywords
Deep-sea biodiversity
Economic value
Marine protected area
Choice experiment
Option value
Existence value
HB Economic Theory
GE Environmental Sciences
SDG 13 - Climate Action
SDG 14 - Life Below Water
Metadata
Show full item record
Abstract
The deep-sea includes over 90% of the world's oceans and is thought to be one of the most diverse ecosystems in the world. It supplies society with valuable ecosystem services, including the provision of food, the regeneration of nutrients and the sequestration of carbon. Technological advancements in the second half of the 20th century made large-scale exploitation of mineral, hydrocarbon and fish resources possible. These economic activities, combined with climate change impacts, constitute a considerable threat to deep-sea biodiversity. Many governments, including that of the UK, have therefore decided to implement additional protected areas in their waters of national jurisdiction. To support the decision process and to improve our understanding for the acceptance of marine conservation plans across the general public, a choice experiment survey asked Scottish households for their willingness-to-pay for additional marine protected areas in the Scottish deep-sea. This study is one of the first to use valuation methodologies to investigate public preferences for the protection of deep-sea ecosystems. The experiment focused on the elicitation of economic values for two aspects of marine biodiversity: (i) the existence value for deep-sea species and (ii) the option value of deep-sea organisms as a source for future medicinal products.
Citation
Jobstvogt , N , Hanley , N , Hynes , S , Kenter , J & Witte , U 2014 , ' Twenty thousand sterling under the sea : Estimating the value of protecting deep-sea biodiversity ' , Ecological Economics , vol. 97 , pp. 10-19 . https://doi.org/10.1016/j.ecolecon.2013.10.019
Publication
Ecological Economics
Status
Peer reviewed
DOI
https://doi.org/10.1016/j.ecolecon.2013.10.019
ISSN
0921-8009
Type
Journal article
Rights
© 2014. Elsevier Inc. All rights reserved. This is the author’s version of a work that was accepted for publication in Ecological Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Ecological Economics, 97, January 2014 DOI http://dx.doi.org/10.1016/j.ecolecon.2013.10.019
Description
This work received funding from the MASTS pooling initiative (The Marine Alliance for Science and Technology Scotland) and their support is gratefully acknowledged. MASTS is funded by the Scottish Funding Council (grant reference HR09011) and contributing institutions.
Collections
  • University of St Andrews Research
URI
http://hdl.handle.net/10023/5961

Items in the St Andrews Research Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

Advanced Search

Browse

All of RepositoryCommunities & CollectionsBy Issue DateNamesTitlesSubjectsClassificationTypeFunderThis CollectionBy Issue DateNamesTitlesSubjectsClassificationTypeFunder

My Account

Login

Open Access

To find out how you can benefit from open access to research, see our library web pages and Open Access blog. For open access help contact: openaccess@st-andrews.ac.uk.

Accessibility

Read our Accessibility statement.

How to submit research papers

The full text of research papers can be submitted to the repository via Pure, the University's research information system. For help see our guide: How to deposit in Pure.

Electronic thesis deposit

Help with deposit.

Repository help

For repository help contact: Digital-Repository@st-andrews.ac.uk.

Give Feedback

Cookie policy

This site may use cookies. Please see Terms and Conditions.

Usage statistics

COUNTER-compliant statistics on downloads from the repository are available from the IRUS-UK Service. Contact us for information.

© University of St Andrews Library

University of St Andrews is a charity registered in Scotland, No SC013532.

  • Facebook
  • Twitter