Economic Valuation of Ecosystem Services of National Zoological Park, New Delhi

Yatish Lele; Jitendra Vir Sharma; S. P. Yadav; Priya Sharma; Priyanka; Sonali Ghosh

doi:10.36808/if/2020/v146i10/155425

Economic Valuation of Ecosystem Services of National Zoological Park, New Delhi

Authors

Yatish Lele Land resources Division, The Energy and Resources institute, New Delhi- 110003
Jitendra Vir Sharma Land resources Division, The Energy and Resources institute, New Delhi- 110003
S. P. Yadav National Tiger Conservation Authority, New Delhi- 110003
Priya Sharma Land resources Division, The Energy and Resources institute, New Delhi- 110003
Priyanka Land resources Division, The Energy and Resources institute, New Delhi- 110003
Sonali Ghosh Central Zoo Authority, New Delhi- 110003

DOI:

https://doi.org/10.36808/if/2020/v146i10/155425

Keywords:

Zoological Parks, Ecosystem Services, Economic Valuation, National Zoological Park.

Abstract

The National Zoological Park, New Delhi, is an ecologically significant park which, apart from its primary function in education and research, serve as natural habitats for free ranging animals. The present study was to assess the total annual economic value o f the key ecosystem services provided by the National Zoological Park, which includes employment generation, carbon storage and sequestration, education and research, recreational and cultural and biodiversity conservation. The one time value ofcarbon storage and surrogate value o flan d were also estimated in the study but not considered in the total annual economic value. The total economic value o f the ecosystem services provided by the National Zoological Park for 2019-20 was estimated to be INR 4227.99 million. Recreational and cultural service had maximum contribution o f 77% followed by education and research service which contributed to 9% o f the total annual value. Employmentgeneration contributed to 8% followedbybiodiversityservice which contributed to 6% and Carbon sequestration contributed 0.31%. The one time value for carbon storage and surrogate value o flan d was estimated to INR 171.5 million and INR 250 million. This makes an important case for the preservation o f the habitats such as the Zoological Park in contributing towards local, national, and global values.

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