Table of Contents
Advances in Ecology
Volume 2016, Article ID 6742786, 8 pages
http://dx.doi.org/10.1155/2016/6742786
Research Article

Estimation of Monetary Values of the Ecosystem Services Flow at the Tidal Elbe River

Department of Development Studies, College of Social Sciences and Humanities, Sokoine University of Agriculture, P.O. Box 3024, Morogoro, Tanzania

Received 31 May 2016; Revised 31 August 2016; Accepted 29 September 2016

Academic Editor: David R. Breininger

Copyright © 2016 H. O. Mangi. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

Most ecosystem services are regarded as free goods (i.e., priceless). This paper estimates monetary value of the ecosystem services after renaturalizing the navigation channel in the Kreetsand’s area along the tidal section of the Elbe River. The river channel is basically reconnected to its floodplain which is currently grassland. The paper used benefit transfer method whereby values from previous studies are adopted to estimate total economic value of the ecosystem services provided by the study area. The results show that total economic value of the ecosystem services flow at the Kreetsand’s shallow water area is 0.83 million/year. Nevertheless, the value seems to be underestimated due to errors inherited during valuation. After 44 years, the value will accumulate to 36.5 million, which is equal to the project investment cost estimated to be around 36.6 million. Based on the cost-benefit analysis results for the project, it is concluded that river renaturalization is the best option because it increases ecosystem services flow. The paper recommends that a similar study should be conducted to include more ecosystem services and ecosystem goods such as fish and water used for industrial purposes.