The value of natural capital in Canada’s national parks and national marine conservation areas

Bibliographic Data

ID19446022
AuthorsDan Mulrooney (Parks Canada, corresponding author), Brenda Jones (Parks Canada)
Year2023
Issue29.2
Pages41-51
Publication date2023-11-01
Open AccessYes
TypeARTICLE
VenuePARKS (JOURNAL)
Journal identifiersISSN: 0960-233X • E-ISSN: 2411-2119
PublisherIUCN (PUBLISHER)
DOI10.2305/eknn8645
OpenAlexW4389629297
LanguageEN
Citations received1
References cited12

Growing attention is being given to protected areas and the ability of their natural capital assets to provide a varied and long-term stream of benefits to individuals and society in general. These areas are often heralded for ensuring natural capital assets persist, but value is often limited to the economic impact of visitor expenditures and the associated effects on regional and national economies. Few studies have attempted to quantify the economic value of natural capital assets in protected areas, especially in Canada. This study uses a benefit transfer approach to produce an initial estimate of the potential economic value of ecosystem services and natural capital associated with the terrestrial and marine environments in Canada’s federal system of national parks and national marine conservation areas. The results suggest that the economic value of these assets ranges between CA$ 156 billion and CA$ 588 billion annually

Business · Economic impact analysis · Economics · Ecosystem · Ecosystem services · Environmental protection · Environmental resource management · Geography · National accounts · Natural capital · Natural resource · Natural resource economics · Total economic value · Visitor pattern · Conservation, Biodiversity, and Resource Management · Economic and Environmental Valuation · Forest Management and Policy · Ecology

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Open DOIOpen Access