The application of economic-valuation in the calculation of damage to coral reefs ecosystems in Indonesia

Abstract

Natural resources and environment are very vulnerable to damage that caused by natural disasters or human. To determine the monetary value of the damage, an approach is needed that can help policymakers. This paper indicates that to determine the damage value from natural resources and the environment, which in this paper we get an example coral reef ecosystem in the waters of Kapoposang, Sarappo Keke, and Saugi Island. This assessment can be done with an economic-valuation approach, where economic-valuation can determine the monetary value of the coral reef ecosystem that is the object of calculation. The monetary value of the economic-valuation becomes a basis for determining that any damage to the ecosystem will eliminate a number of benefits from the ecosystem. If occur 1 Ha damage to the coral reef ecosystem in Kapoposang then will lose benefits (losses) amounting to IDR 1,047,788,387,- per hectare per year; Sarappo Keke amounting to IDR 583,688,686,- per hectare per year; Suagi amounting to IDR 940,772,682,- per hectare per year.