Journal
ENVIRONMENTAL FORENSICS 2015
Volume 30, Issue -, Pages 180-185Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.proenv.2015.10.032
Keywords
biodiversity conservation; economic valuation, contingent valuation (CVM); willingness to pay (WTP); national heritage site
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Forest Research Institute Malaysia (FRIM) offers a variety of forest ecosystem services such as biodiversity conservation, recreation, ecotourism and nature-environmental education. These services are limited in supply and may lead to the reduction if resources are not managed and conserved well. Conservation of biodiversity is one of the efforts to ensure sustainability of biodiversity. The study was conducted in 2014 to value willingness to pay (WTP) for conserving biodiversity at FRIM among residents of Selangor. This study found the mean WTP ranges from RM53.24 to RM67.22, which could contribute annual revenue ranged from RM66.3 million to RM83.8 million. (C) 2015 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license.
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