How Much Are Floridians Willing to Pay for Protecting Sea Turtles from Sea Level Rise?

Environmental Management
Ahmed HamedMatthew Bossick

Abstract

Sea level rise (SLR) is posing a great inundation risk to coastal areas. Some coastal nesting species, including sea turtle species, have experienced diminished habitat from SLR. Contingent valuation method (CVM) was used in an effort to assess the economic loss impacts of SLR on sea turtle nesting habitats for Florida coasts; and to elicit values of willingness to pay (WTP) of Central Florida residents to implement certain mitigation strategies, which would protect Florida's east coast sea turtle nesting areas. Using the open-ended and dichotomous choice CVM, we sampled residents of two Florida communities: Cocoa Beach and Oviedo. We estimated the WTP of households from these two cities to protect sea turtle habitat to be between $42 and $57 per year for 5 years. Additionally, we attempted to assess the impact of the both the respondents' demographics and their perception toward various situations on their WTP value. Findings include a negative correlation between the age of a respondent and the probability of an individual willing to pay the hypothetical WTP amount. We found that WTP of an individual was not dependent on prior knowledge of the effects of SLR on sea turtle habitat. The greatest indicators of whether or not an ...Continue Reading

References

Nov 4, 2006·Science·Boris WormReg Watson
Apr 21, 2007·The European Journal of Health Economics : HEPAC : Health Economics in Prevention and Care·Jose-Luis Pinto-PradesJaime Fernandez de Bobadilla
Jun 1, 2007·Ecology·Laura B HannanJohn F Weishampel
Sep 25, 2007·Minnesota Medicine·Linda Amaikwu-RushingMargaret Dexheimer Pharris

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