1. Assessing the Economic Value of Protected Areas 1. Annual Flow of Benefits from a Protected Area Extraction of forest products Downstream water services Biodiversity conservation Recreation $ Consumptive direct use value Non-consumptive direct use value Indirect use value Option or existence value Flow of benefits depends on management of PA

2. Assessing the Economic Value of Protected Areas 2. Distribution of Protected Area Benefits Extraction of forest products Downstream water services Biodiversity conservation Recreation $ Rest of country Local communities Global community Extraction of forest products Downstream water services Biodiversity conservation Recreation Local benefits Rest-of-country benefits Global benefits National benefits

3. Assessing the Economic Value of Protected Areas Extraction of forest products Downstream water services Biodiversity conservation Recreation Extraction of forest products Downstream water services Biodiversity conservation Recreation Cost of conservation $ 3. Distribution of Protected Area Benefits - Winners and Losers Rest of country Local communities Global community Extraction of forest products Downstream water services Biodiversity conservation Recreation Losers Local forest users Loggers Downstream water users Tourists Global community Winners PA benefits tomorrow with conservation PA benefits tomorrow without conservation Changes in PA benefits

4. Assessing the Economic Value of Protected Areas Extraction of forest products Downstream water services Biodiversity conservation Recreation 4. Identifying Potential Financing Sources $ Cost of conservation Logging fees Visitor fees Payments for water services Bioprospecting agreements Conservation grants References and Sources for Further Reading: Stefano Pagiola, Environment Department, World Bank, 2006: Assessing the Economic Value of Protected Areas - Are we asking the right questions? Presentation to Experts Meeting on Methods for Assessing Benefits and Costs of Protected Areas, Arlington, October 12, 2006.