ORIGINAL RESEARCH
Valuing the Ecological Products of Wetlands and
Strategies for Implementation: A Case Study of Weishui
Wetland in Songzi City, Hubei Province
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1
College of Economics and Management, Xinjiang Agricultural University, Urumqi, China
2
Xinjiang Academy of Agricultural Sciences, Urumqi, China
Submission date: 2024-02-17
Final revision date: 2024-04-18
Acceptance date: 2024-04-27
Online publication date: 2024-10-02
Corresponding author
Tong Chen
Xinjiang Academy of Agricultural Sciences, Urumqi, China
Yulan Song
College of Economics and Management, Xinjiang Agricultural University, Urumqi, China
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ABSTRACT
The consolidation of rural ecological civilization infrastructure and the provision of premium ecological
goods are essential to the implementation of the “two mountains” theoretical framework and augmenting
the income related to the livelihoods of residents. This research focuses on the Weishui Wetland
in Songzi City, Hubei Province, as the primary subject. Employing both subjective and objective methodological
approaches of Gross Ecosystem Product (GEP) and Choice Experiment (CE), this study endeavors
to appraise the per unit area value of ecological products with reference to the degree of maturity
manifested in the construction of the wetland ecosystem. Subsequently, this examination delineates strategies
for harnessing the value of Weishui Wetland’s ecological products through four distinct dimensions:
ecological compensation, ecological industrialization, property rights exchange, and the facilitation of
green finance. The findings disclose that in 2020, at a mature stage of ecological development, the Weishui
Wetland’s per unit area ecological product value stands at 66.79×10^4 CNY/hectare, with an aggregate
value amounting to 15.17×10^8 CNY. Moreover, integrating the subjectivity inherent in the CE methodology
with the classification model’s metrics, the assessed per unit area value of Weishui Wetland’s ecological
products is ascertained to be 2.97×10^4 CNY/hectare.