Cold water coral ecosystems and their biodiversity: a review of their economic and social value
van Rensburg, Thomas M.
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Foley, N., van Rensburg, T. M., & Armstrong, C. W., (2008) "Cold water coral ecosystems and their biodiversity: a review of their economic and social value" (Working Paper No. 0131) Department of Economics, National University of Ireland, Galway.
Despite the growing scientific literature on cold-water corals (CWC) there appears to be no research of an economic nature applied to the resource. This paper presents an overview of the goods and services of CWC and their associated biodiversity. Use and non-use values associated with CWC are presented, and the methods relevant for assessing their valuation are discussed. The impact of human induced disturbance on CWC is reviewed, in order to indicate how knowledge of CWC values can be used by policy makers in the management of CWC as a habitat and vehicle for biodiversity.