Project: Marine Ecotourism Natural Capital Assessment
Client: Indufor/IFC/Natural Capital Coalition/PCSD/El Nido Resorts
Sustain Value was the technical lead, supporting Indufor for this IFC/Natural Capital Coalition funded natural capital assessment on behalf of El Nido Resorts and the Palawan Council for Sustainable Development (PCSD). The assessment applied the Natural Capital Protocol to investigate the natural capital impacts and dependencies of the tourism operators and value the financial and societal benefits associated with three alternative management scenarios over a 25-year period for Bacuit Bay, Palawan in the Philippines. Monetary values were ascertained for high end eco-resorts as well as tour boat and dive boat operators, tourists and local fishers under each scenario, and recommendations made for implementing an ‘optimum management’ scenario that benefitted all stakeholders.