New Publication from UNEP/GEF YSLME Project - 'Guideline for Economic Analyses of Environmental Management Actions for the Yellow Sea.'
This guideline describes how to assess the economy of management actions to conserve marine and coastal resources. The guideline discusses the basics of environmental valuation, explaining economic value, negative externalities, and valuation techniques. The methodology of cost-benefit analyses is then discussed with the actions’ benefits and costs defined and with the multiple-step analytical procedure explained. The guideline focuses on the Yellow Sea ecosystem, although most concepts and techniques that are discussed here may be applicable to other marine and coastal ecosystems in various regions. The relevant information for this guideline came from books, articles in periodicals, government documents, and publications by international organisations.