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Economic valuation of environmental goods and services of the protector forest kutukÚ – shaimi, se Ecuador

Abstract:

The current study provides an estimation of the economic value of the Kutukú-Shaimi Protected Forest (KSPF) in southeastern Ecuador, of selected environmental goods and services. We estimated the economic value of carbon storage, conservation of fresh water sources, wildlife hunting and opportunity cost of foregone economic activities such as timber extraction and livestock farming. The highest economic value has been carbon storage with 69,579,743.09 US$/year, worth to be awarded by REDD+ programs. Fresh water conservation has not been as important as previously expected, with some 13,647.52 US$/year. The total estimated economic benefits including opportunity cost for KSPF yielded to be of about 70,006,752.24 US$/year.