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Assessing Urban Residents' Willingness to Pay for Preserving the Biodiversity of Swamp Forest

Assessing Urban Residents' Willingness to Pay for Preserving the Biodiversity of Swamp Forest

Huynh Viet Khai
Copyright: © 2016 |Pages: 23
ISBN13: 9781466688148|ISBN10: 1466688149|EISBN13: 9781466688155
DOI: 10.4018/978-1-4666-8814-8.ch014
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MLA

Khai, Huynh Viet. "Assessing Urban Residents' Willingness to Pay for Preserving the Biodiversity of Swamp Forest." Handbook of Research on Climate Change Impact on Health and Environmental Sustainability, edited by Soumyananda Dinda, IGI Global, 2016, pp. 283-305. https://doi.org/10.4018/978-1-4666-8814-8.ch014

APA

Khai, H. V. (2016). Assessing Urban Residents' Willingness to Pay for Preserving the Biodiversity of Swamp Forest. In S. Dinda (Ed.), Handbook of Research on Climate Change Impact on Health and Environmental Sustainability (pp. 283-305). IGI Global. https://doi.org/10.4018/978-1-4666-8814-8.ch014

Chicago

Khai, Huynh Viet. "Assessing Urban Residents' Willingness to Pay for Preserving the Biodiversity of Swamp Forest." In Handbook of Research on Climate Change Impact on Health and Environmental Sustainability, edited by Soumyananda Dinda, 283-305. Hershey, PA: IGI Global, 2016. https://doi.org/10.4018/978-1-4666-8814-8.ch014

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Abstract

Measuring the biodiversity value in monetary could be useful information for policy-makers to estimate welfare losses caused by biodiversity reductions and perform cost-benefit analysis of biodiversity conservation projects. This study applied the approach of contingent valuation to analyze the Mekong Delta urban households' preferences and their willingness to pay for the program of biodiversity conservation in U Minh Thuong National Park, one of the largest peat swamp forests in Vietnam. The study estimated that the mean WTP of urban residents in the Mekong Delta was about VND16,510 ($0.78) per household per month for all respondents and around VND31,520 ($1.49) after excluding the protest zero and scenario rejecting respondents. Aggregately, they agreed to contribute about $10.97 million annually for the project of biodiversity conservation.

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