Economic Valuation of Wildlife like Blue Naped Parrots is Conducted

Economic Valuation of Wildlife like Blue Naped Parrots is Conducted

Economic valuation of wildlife species, like marine turtles and blue-naped parrots, is being carried out to assist in the prevention of their extinction and safety of their natural ecosystems.

The Department of Environment, Asian Development Bank, Natural Resources-Biodiversity Management Bureau, and NIRAS Asia Manila sought last August 12 an economic valuation review of wildlife to better respect the worth of marine turtles and blue-naped parrots, that are  representative of few of the most iconic wildlife of the Philippines.

Led by environmental economist Dr. Agustin Arcenas, the report analyzed the financial worth and ecosystem benefits derived from marine turtles and blue-naped parrots.

Blue Naped Parrots Are Worth More Alive Than Dead

“The research goals to persuade decision-makers that many animals are worth more alive than dead. By assessing the commerce, tourism and ecological worth of marine turtles and blue-naped parrots,” Arcenas defined. 

The outcomes of the research is probable to accomplish within the coming months.

Cecilia Fischer from ADB and independent consultant Romeo Trono additionally shared their inputs during an online event. It is a part of the DENR-ADB/Global Environment Facility project to fight the illegal wildlife trade (IWT) within the Philippines.

2 parrot specialists, ornithologist Juan Carlos Gonzalez of the University of the Philippines Los Baños and biologist Peter Widmann from the Katala Foundation additionally shared their insights. 

PH as a Biodiversity and IWT Hotspot

Economic Valuation of Wildlife like Blue Naped Parrots is Conducted

The nation served as an unlawful transshipment point for elephant ivory. As source nation of wildlife and wildlife byproducts, like pangolins and marine turtles, in addition to a destination of trades.

DENR-BMB Wildlife Resources Division OIC Theresa Tenazas stated. “Individuals know that wildlife play an vital function in balancing the environment. However, their financial worth by no means has taken seriously,”

“This research can lastly give our enforcers, law practitioners, prosecutors and judges the right  valuation of wildlife. Preventing the dismissal of wildlife cases due to the shortcoming to set up their economic worth. An argument typically utilized by offenders to escape conviction,” she added.

“Biology, conservation science and economics have to work collectively to defeat the unlawful wildlife trade and we’re glad to see that the Philippines is taking a leading function on this. ,” ADB environmental specialist Dr. Francesco Ricciardi stated.

DENR-ADB/GEF is pushing for stronger legal reforms in opposition to IWT, enhanced capacity-building for regulation enforcers, in addition to demand reduction measures concentrating on customers, significantly on marine turtles and blue-naped parrots.

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