Economic valuation of wildlife species being conducted
The Department of Environment and Natural Resources-Biodiversity Management Bureau, Asian Development Bank, and NIRAS Asia Manila sought last August 12 an economic valuation review of wildlife to better appreciate the value of marine turtles and blue-naped parrots, which are representative of some of the most iconic wildlife of the Philippines.
“The study aims to convince decision-makers that many animals are worth more alive than dead by assessing the trade, tourism and ecological value of marine turtles and blue-naped parrots,” Arcenas explained.Cecilia Fischer from ADB and independent consultant Romeo Trono also shared their inputs during an online event, which is part of the DENR-ADB/Global Environment Facility project to combat the illegal wildlife trade in the Philippines.
“People know that wildlife play an important role in balancing the environment, but their economic value has never been taken seriously,” DENR-BMB Wildlife Resources Division OIC Theresa Tenazas said in a statement.
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