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Bandipur adds value worth Rs 6,405 cr.
Why is it in the news?
- Preserving Tiger reserves adds to the economic evaluation by protecting the nature and the wildlife of the protected areas.
- In this regard, if monetary values could be assigned to tiger reserves, then the Bandipur Tiger Reserve would record a staggering ₹6,405.7 crore annually.
More in the news
- Researchers used an array of methods to determine the economic, scientific, educational, cultural and recreational services of tiger parks.
- For every rupee spent on the reserve, the rate of return through various tangible and non-tangible benefits is an incredible 700%.
- The park generates “flow” benefits of ₹6,405.7 crore annually translating to around ₹4.41 lakh worth of services per hectare protected.
- For instance, the cost saved by the State for conservation, protection and provisioning of water was pegged at ₹2,066.95 crore per year.
- Apart from this, the stock of timber, sequestered carbon and genepool protection of species is worth a staggering ₹31,476.15 crore annually in the 1,469.69 sq. km. core and buffer areas of the reserve.
Source
The Hindu.