Economic Valuation of Natural Resources in Gunung Rinjani: Implications for Sustainable Development
Keywords:
Economic Valuation, Natural Resource, Gunung RinjaniAbstract
This research aims to assess the economic value of natural resources in Gunung Rinjani, focusing on tourism, water resources, geothermal energy, and disaster mitigation. The study utilizes economic valuation methods such as Total Revenue for tourism, Replacement Cost for water resources, Market Value for geothermal energy, and Disaster Mitigation Savings for disaster risk reduction. The findings reveal that the tourism sector is the most significant economic contributor, followed by the value of water resources and the potential for geothermal energy. Additionally, effective disaster mitigation strategies play a crucial role in reducing economic losses from volcanic eruptions. The study highlights the importance of sustainable management practices in ensuring the continued benefits of these resources for local communities and the broader economy. Recommendations include the promotion of sustainable tourism, integrated water resource management, responsible geothermal development, and strengthening disaster preparedness. By implementing these strategies, Gunung Rinjani can enhance its economic contributions while preserving its natural environment for future generations.
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