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Government Valuers’ Insights on Current Practices in Marine Ecosystem Valuation in Malaysia

Year: 2024

Type: article

Abstract: This study investigates the valuation of marine ecosystem services in Malaysia, focusing on government valuers' perspectives. Marine ecosystems are complex environmental assets, but their valuation methods are underdeveloped. The research aims to investigate current approaches, challenges, and challenges in valuing these services, particularly in relation to existing legal frameworks. Through qualitative interviews, the study reveals the current valuation techniques, areas needing standardization, and the importance of clear guidelines for valuation practices. The findings serve as a foundation for analysing valuation methods and addressing the need for tailored laws and standards.

Source: Asian Journal of Environment-Behaviour Studies

DOI: 10.21834/aje-bs.v9i29.453

Authors: Wan Nur Ayuni Wan Ab Rashid, Junainah Mohamad, Nurhastuty Kesumo Wardhani

Institutions: Universiti Teknologi MARA System, Universiti Teknologi MARA, Universitas Trisakti

Language: English

Topic: Coastal and Marine Management

Subfield: Management, Monitoring, Policy and Law

Field: Environmental Science

Domain: Physical Sciences

Open Access status: diamond

OpenAlex ID: W4406047887

FWCI:

Cites: 11

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Related to: 10