The ecological and economic value of cold-water coral ecosystems

Abstract

Despite the growing scientific literature on cold-water corals (CWC) there appears to be no studies that address the economic values or economic management of 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.