The Value of Ecosystem Services from Giant Panda Reserves

Fuwen Wei, Robert Costanza, Qiang Dai, Natalie Stoeckl, Xiaodong Gu, Stephen Farber, Yonggang Nie, Ida Kubiszewski, Yibo Hu, Ronald Swaisgood, Xuyu Yang, Michael Bruford, Youping Chen, A. Voinov, Dunwu Qi, Megan Owen, Li Yan, Daniel (Danny) Kenny

    Research output: Contribution to journalArticle

    Abstract

    Ecosystem services (the benefits to humans from ecosystems) are estimated globally at $125 trillion/year [1, 2]. Similar assessments at national and regional scales show how these services support our lives [3]. All valuations recognize the role of biodiversity, which continues to decrease around the world in maintaining these services [4, 5]. The giant panda epitomizes the flagship species [6]. Its unrivalled public appeal translates into support for conservation funding and policy, including a tax on foreign visitors to support its conservation [7]. The Chinese government has established a panda reserve system, which today numbers 67 reserves [8, 9]. The biodiversity of these reserves is among the highest in the temperate world [10], covering many of China's endemic species [11]. The panda is thus also an umbrella species [12]—protecting panda habitat also protects other species. Despite the benefits derived from pandas, some journalists have suggested that it would be best to let the panda go extinct. With the recent downlisting of the panda from Endangered to Vulnerable, it is clear that society's investment has started to pay off in terms of panda population recovery [13, 14]. Here, we estimate the value of ecosystem services of the panda and its reserves at between US$2.6 and US$6.9 billion/year in 2010. Protecting the panda as an umbrella species and the habitat that supports it yields roughly 10-27 times the cost of maintaining the current reserves, potentially further motivating expansion of the reserves and other investments in natural capital in China. Wei et al. estimate that the value of ecosystem services of the giant panda and its nature reserves was US$2.6-US$6.9 billion/year in 2010. Protecting the panda and its habitat yields roughly 10-27 times the cost of maintaining the current reserves, potentially motivating expansion of the reserves and other investments in natural capital in China.
    Original languageEnglish
    Pages (from-to)2174-2180
    JournalCurrent Biology
    Volume28
    Issue number13
    DOIs
    Publication statusPublished - 2018

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