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Index insurance for pro-poor conservation of hornbills in Thailand

Chantarat, Sommarat; Barrett, Christopher B.; Janvilisri, Tavan; Mudsri, Sittichai; Nitratisayakul, Chularat; Poonswad, Pilai

Description

This study explores the potential of index insurance as a mechanism to finance community-based biodiversity conservation in areas where a strong correlation exists between natural disaster risk, keystone species populations, and the well-being of the local population. We illustrate this potential using the case of hornbill conservation in the Budo-Sungai Padi rainforests of southern Thailand, using 16-y hornbill reproduction data and 5-y household expenditures data reflecting local economic...[Show more]

dc.contributor.authorChantarat, Sommarat
dc.contributor.authorBarrett, Christopher B.
dc.contributor.authorJanvilisri, Tavan
dc.contributor.authorMudsri, Sittichai
dc.contributor.authorNitratisayakul, Chularat
dc.contributor.authorPoonswad, Pilai
dc.date.accessioned2015-12-10T22:30:48Z
dc.identifier.issn0027-8424
dc.identifier.urihttp://hdl.handle.net/1885/55250
dc.description.abstractThis study explores the potential of index insurance as a mechanism to finance community-based biodiversity conservation in areas where a strong correlation exists between natural disaster risk, keystone species populations, and the well-being of the local population. We illustrate this potential using the case of hornbill conservation in the Budo-Sungai Padi rainforests of southern Thailand, using 16-y hornbill reproduction data and 5-y household expenditures data reflecting local economic well-being. We show that severe windstorms cause both lower household expenditures and critical nest tree losses that directly constrain nesting capacity and so reduce the number of hornbill chicks recruited in the following breeding season. Forest residents' coping strategies further disturb hornbills and their forest habitats, compounding windstorms' adverse effects on hornbills' recruitment in the following year. The strong statistical relationship between wind speed and both hornbill nest tree losses and household expenditures opens up an opportunity to design wind-based index insurance contracts that could both enhance hornbill conservation and support disaster-affected households in the region. We demonstrate how such contracts could be written and operationalized and then use simulations to show the significant promise of unique insurance-based approaches to address weather-related risk that threatens both biodiversity and poor populations.
dc.publisherNational Academy of Sciences (USA)
dc.sourcePNAS - Proceedings of the National Academy of Sciences of the United States of America
dc.subjectKeywords: Anorrhinus galeritus; article; Berenicornis comatus; biodiversity; Buceros bicornis; Buceros rhinoceros; economic aspect; environmental protection; habitat; mammal; natural disaster; nonhuman; priority journal; rain forest; Rhinoplax vigil; Rhyticeros und Poverty; Safety net; Sustainable conservation; Weather risk management
dc.titleIndex insurance for pro-poor conservation of hornbills in Thailand
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume108
dc.date.issued2011
local.identifier.absfor140205 - Environment and Resource Economics
local.identifier.ariespublicationu4002919xPUB323
local.type.statusPublished Version
local.contributor.affiliationChantarat, Sommarat, College of Asia and the Pacific, ANU
local.contributor.affiliationBarrett, Christopher B., Cornell University
local.contributor.affiliationJanvilisri, Tavan, Mahidol University
local.contributor.affiliationMudsri, Sittichai, Wildlife and Plant Conservation Department
local.contributor.affiliationNitratisayakul, Chularat, Biodiversity-Based Economy Development Office
local.contributor.affiliationPoonswad, Pilai, Mahidol University
local.description.embargo2037-12-31
local.bibliographicCitation.issue34
local.bibliographicCitation.startpage13951
local.bibliographicCitation.lastpage13956
local.identifier.doi10.1073/pnas.1012291108
local.identifier.absseo970114 - Expanding Knowledge in Economics
dc.date.updated2020-11-22T07:30:18Z
local.identifier.scopusID2-s2.0-80052153804
local.identifier.thomsonID000294163500024
CollectionsANU Research Publications

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