Year: 2024 | Month: June | Volume: 11 | Issue: 6 | Pages: 165-171
DOI: https://doi.org/10.52403/ijrr.20240619
Valuation of the Coral Reef Economy in Sungai Cuka Village, Tanah Bumbu Regency, South Kalimantan Province
M. Riza Septiady1, Emmy Sri Mahreda2, Frans Tony3, Leila Ariyani Sofia3
1,2,3Faculty of Natural Resources and Environmental Management, Lambung Mangkurat University, Banjarbaru, South Kalimantan, 70714 Indonesia
Corresponding Author: Emmy Sri Mahreda
ABSTRACT
The economic valuation of coral reefs in Sungai Cuka, Tanah Bumbu Regency, aims to determine the economic value of coral reefs both in terms of economic growth and conservation aspects. The research aims to analyze the economic valuation of coral reefs in Sungai Cuka Village, Tanah Bumbu Regency, South Kalimantan Province. The study was conducted in Sungai Cuka Village, Tanah Bumbu Regency, South Kalimantan Province. Fifty percent of the fishermen were sampled, totaling 15 individuals, along with 10 tourists sampled through accidental sampling, and one researcher. The economic value of coral reef ecosystems originating from the fisheries and tourism sectors in the waters of Sungai Cuka, Tanah Bumbu Regency, is significant. Coral reefs have important indirect economic value, such as erosion control, valued at Rp.3,818,650,000, as well as being research sites and carbon sinks. On the other hand, the fisheries sector also shows significant direct benefits, as seen from the fish catch value reaching Rp1,795,370,000. The Total Economic Value (TEV) reaches Rp7,709,231,786, indicating potential additional income from the tourism sector. The Willingness to Pay (WTP) is Rp. 30,240,000 per year, showing potential additional income from the tourism sector.
Keywords: Economic, Valuation, Coral Reefs, Sungai Cuka
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