ECSOFiM (Economic and Social of Fisheries and Marine Journal)
Vol 11, No 2 (2024): ECSOFiM April 2024

Economic Valuation of Mangrove Ecosystem in Sari Ringgung, Pesawaran Regency, Lampung Province

Efendi, Eko (Unknown)
Lahay, Almira Fardani (Unknown)
Susanti, Oktora (Unknown)



Article Info

Publish Date
30 Apr 2024

Abstract

Mangrove ecosystems play an important role in human life. It’s ecological role includes trapping sediment, protecting shorelines, and providing a natural habitat. The economic function of mangrove forests is for it to be a place for mangrove ecotourism, source of fisheries, source of food, and so on. This research aimed to quantify the monetary value of mangrove forests in Sari Ringgung. The method used in this study is an exploratory descriptive method that quantifies the total value of direct and indirect use of mangrove forest ecosystems.  The research results showed that the mangroves found mainly consisted of 5 types i.e. Avicennia marina, Rhizophora apculata, Rhizophora mucronata, Rhizophora stylos, and Bruguiera cylindrica. The total economic value of mangrove forests in the Sari Ringgung area, Pesawaran Regency is IDR 109,953,256,105, which consists of the use value ofIDR 46,855,529,425 and the non-use value of IDR 888,172,548. The use value consists of a direct use value of IDR 138,060,000 and an indirect use value of 46,717,469,425, while the non-use value consists of an existence value of 874,366,548, an option value of 62,209,554,132 and a value of 13,806,000.  The total economic value of the mangrove forests was in the high-value category, although the area of mangrove forests in Sari Ringgung and Pesawaran Regency has decreased.

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Journal Info

Abbrev

ecsofim

Publisher

Subject

Agriculture, Biological Sciences & Forestry Economics, Econometrics & Finance Environmental Science Social Sciences

Description

ECSOFIM is an open-access journal, which became a scientific forum for students, lecturer, and researchers to publish the results of research within the scope of "Economic and Social Fisheries and Marine Sciences". This journal contains research results related to the research fields of economic ...