A new study on the Pichavaram mangrove ecosystem has quantified its Total Economic Value (TEV) at ₹2,485.38 crore, highlighting the immense ecological and economic benefits of mangroves. With 50% of the world's mangrove ecosystems at risk of collapse, this valuation underscores the need to integrate ecosystem services into development planning and climate finance mechanisms.
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- ›Total Economic Value (TEV): ₹2,485.38 crore
- ›Per-hectare Value: ₹1.83 crore
- ›Target this Data: Pichavaram Mangrove TEV = ₹2,485.38 crore; per-hectare value = ₹1.83 crore; total blue carbon asset = ₹1,612.40 crore.
- ›Target this Nodal Body: Institute for Social and Economic Change (ISEC), Bengaluru; funded by Deputy Conservator of Forests, Forest Genetics Division, Coimbatore.
- ›Target this Legal/Policy Point: IUCN Red List of Ecosystems (2024) – 50% of global mangrove ecosystems at risk of collapse.
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