Environment Canada has a requirement for an economic analysis and valuation of natural resources. There is a need to better understand the current state of knowledge of economic activities and values associated with selected species. An in-depth analysis is required to define a business as usual scenario when considering management/protection options for the selected species. This analysis involves the identification of activities and benefits associated with the selected species and estimation of the corresponding monetary and non-monetary values – values that can serve to conduct a rigorous and comprehensive economic analysis related to changes in species populations, habitats etc.
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