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Estimate the conservation value of biodiversity in national heritage site: a case of Forest Research Institute Malaysia

Abdullah, Mukrimah and Mamat, Mohd Parid and Yaacob, Mohd Rusli and Radam, Alias and Lim, Hin Fui (2015) Estimate the conservation value of biodiversity in national heritage site: a case of Forest Research Institute Malaysia. Procedia Environmental Sciences, 30 . pp. 180-185. ISSN 1878-0296

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Abstract

Forest Research Institute Malaysia (FRIM) offers a variety of forest ecosystem services such as biodiversity conservation, recreation, ecotourism and nature-environmental education. These services are limited in supply and may lead to the reduction if resources are not managed and conserved well. Conservation of biodiversity is one of the efforts to ensure sustainability of biodiversity. The study was conducted in 2014 to value willingness to pay (WTP) for conserving biodiversity at FRIM among residents of Selangor. This study found the mean WTP ranges from RM53.24 to RM67.22, which could contribute annual revenue ranged from RM66.3 million to RM83.8 million

Item Type:Article
Keyword:Biodiversity conservation; Economic valuation; Contingent valuation (CVM); Willingness to pay (WTP); National heritage site
Faculty or Institute:Faculty of Economics and Management
Faculty of Environmental Studies
Publisher:Elsevier
DOI Number:10.1016/j.proenv.2015.10.032
Altmetrics:http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1016/j.proenv.2015.10.032
ID Code:43042
Deposited By: Mas Norain Hashim
Deposited On:03 May 2016 11:26
Last Modified:03 May 2016 13:44

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