International Journal For Multidisciplinary Research

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Assessing Community Willingness to Pay for Coral Reef Conservation: The Case of Palaui Island Protected Landscape and Seascape (PIPLS), San Vicente, Sta. Ana, Cagayan, Philippines

Author(s) Melanie Villarao, Marino Romero
Country Philippines
Abstract Coral reefs are the most biologically diverse and economically valuable ecosystems on earth due to their ability to provide useful and vital ecosystem services for mankind. A study was carried out with 230 households on Palaui Island in San Vicente Sta. Ana Cagayan, Philippines, to find out how much they would be willing to contribute towards conserving the coral reefs in the area. Various demographic and socio-economic factors of the respondents were analyzed using the Statistical Package for Social Sciences (SPSS) software. STATE 14.2 software was also used to examine how these factors influenced the households’ willingness to pay (WTP) for coral reef conservation. Results revealed that several factors significantly impacted what people are willing to pay. This included their income, views on livelihood and survival, and their perceptions of coral reef conservation itself. On average, each household was willing to contribute about PHP 57.00 per month, which is roughly USD 1.01. If we could set up a system to collect these contributions, it would not only provide a much-needed source of funding but also ensure that there is a sustainable way to support coral reef conservation over time. If we consider all the households in the area, the total willingness to pay would be PHP 32,889.00 every month. Over five years, this could accumulate to nearly PHP 1,973,340.00 (or about USD 34,961.33). This potential funding could make a significant difference in how we manage and protect our coral reefs. It highlights the willingness of local communities to invest in the health of their environment and emphasizes the importance of community support in conservation efforts.
Keywords coral reef, PIPLS, willingness to pay
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-01-26
Cite This Assessing Community Willingness to Pay for Coral Reef Conservation: The Case of Palaui Island Protected Landscape and Seascape (PIPLS), San Vicente, Sta. Ana, Cagayan, Philippines - Melanie Villarao, Marino Romero - IJFMR Volume 7, Issue 1, January-February 2025. DOI 10.36948/ijfmr.2025.v07i01.35364
DOI https://doi.org/10.36948/ijfmr.2025.v07i01.35364
Short DOI https://doi.org/g829sg
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