Economic valuation and rent capture of forest biodiversity in Malaysia

Ahmad Said S., . and Rusli M., . and Awang Noor A.G., . and Mohd. Shahwahid O., . and Shukri M., . and Faridah Hanum I., . and Mohamed Zakaria H., . (2007) Economic valuation and rent capture of forest biodiversity in Malaysia. [Proceedings Paper]

Forest resources form the dominant natural ecosystems of Malaysian biological diversity. This is because various forest ecosystems provide many valuable biological resources such as timber rattan bamboo medicinal plants resin and other non-wood resources as well as environmental services. The benefits provided by forest can be valued in terms of its contribution to production of goods and services in the market. Unlike other natural resources many of forest goods and services for example recreation water protection carbon sequestration soil protection biodiversity conservation are not traded in the market and its economic value have been largerly ignored in the decision making process. Many studies have been conducted in the past to value forest biodiversity at the ecosystem and species levels but little economic value is known at the genetic level. This paper presents an overwiew of past and current efforts on the economic valuation of forest biodiversity in Malaysia and discusses how these values can be captured by the government. Such information is important to provide an inventory of past and current experiences in Malaysia in conducting economic valuation studies of forest biodiversity for nature protection and conservation. It also serves as literature search of economic valuation studies of forest biodiversity and its identifies institutions or persons within the field. The methods of capturing economic value of forest biodiversity and economic incentives for biodiversity conservation are also highlighted.

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Abstract

Forest resources form the dominant natural ecosystems of Malaysian biological diversity. This is because various forest ecosystems provide many valuable biological resources such as timber rattan bamboo medicinal plants resin and other non-wood resources as well as environmental services. The benefits provided by forest can be valued in terms of its contribution to production of goods and services in the market. Unlike other natural resources many of forest goods and services for example recreation water protection carbon sequestration soil protection biodiversity conservation are not traded in the market and its economic value have been largerly ignored in the decision making process. Many studies have been conducted in the past to value forest biodiversity at the ecosystem and species levels but little economic value is known at the genetic level. This paper presents an overwiew of past and current efforts on the economic valuation of forest biodiversity in Malaysia and discusses how these values can be captured by the government. Such information is important to provide an inventory of past and current experiences in Malaysia in conducting economic valuation studies of forest biodiversity for nature protection and conservation. It also serves as literature search of economic valuation studies of forest biodiversity and its identifies institutions or persons within the field. The methods of capturing economic value of forest biodiversity and economic incentives for biodiversity conservation are also highlighted.

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Item Type:	Proceedings Paper
Additional Information:	7 tables.; 65 ref.call number: SD235 M3N277 2007
AGROVOC Term:	FOREST MANAGEMENT
AGROVOC Term:	BIODIVERSITY
AGROVOC Term:	ECONOMIC VALUE
AGROVOC Term:	RESOURCE MANAGEMENT
AGROVOC Term:	ECONOMIC INDICATORS
AGROVOC Term:	MALAYSIA
Geographical Term:	MALAYSIA
Depositing User:	Ms. Suzila Mohamad Kasim
Last Modified:	24 Apr 2025 05:13
URI:	http://webagris.upm.edu.my/id/eprint/11060

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