One strategy to help protect and research sharks is ecotourism. A recent study around Costa Rica’s Cocos Island, estimated the value of a Hammerhead shark at US $1.6 million each for tourism purposes, compared to less than $200 it could sell for. A 2011 study by the Australian Institute of Marine Science had an even bigger difference, estimating a lifetime value of nearly US $2 million dollars for a Reef shark in Palau vs. only $108 for it’s sale in a fish market. Governments are starting to take notice of this economic value; countries including Australia, Palau, as well as the Cook Islands have recently created large marine areas to protect sharks and other ocean life.
See on www.travelculturemag.com
- Five shark species win protection against finning trade (guardian.co.uk)
- CITES 2013: Five shark species win protection against finning trade (environmentaleducationuk.wordpress.com)