Shared Growth Seminar
Dr. Lina Palanca-Tan and Ms. Marichu Obedencio in SGRA Sustainable Shared Growth Seminar #20
THE TOTAL ECONOMIC VALUE OF THE CAGAYAN DE ORO RIVER BASIN
The project aims to measure the total economic value (TEV) of the flow of ecosystem services from the Cagayan de Oro River Basin (CDORB) in Mindanao, Philippines. The resulting estimates from the project shall provide the rationale for the adaptation of the river basin-wide payment for environmental services (PES) scheme which Xavier University, McKleough Marine Center (XU-MMC) is currently undertaking in collaboration with the Cagayan de Oro River Basin Management Council (CDORBMC). Through PES, financial resources can be generated and used to reward local initiatives that restore and preserve the ecosystem. This approach has been identified as one strategic way to safeguard and enhance the continuing flow of environmental services from the CDORB.
Estimates of the various components of the total economic value of the CDO River Basin ecosystem can provide the underlying basis and justification for the contributions that may be potentially collected from different economic sectors and social groups benefiting from the ecosystem’s services.
Dr. Rosalina Palanca-Tan, Ateneo de Manila University [email protected]
Ms. Marichu Obedencio, Xavier University [email protected]
Ms.Caroline Serenas, Xavier University