The educational experience involved putting into practice content related to environmental economics, specifically, two methods of economic valuation: Contingent and Defensive Expenses applied to a wetland in the coastal area of Coquimbo. At a general level, the results show that the value obtained through the CV method was US$5.750.000, while the value obtained through the DE method was US$3.050.009, both considering a 20-year horizon.
Relevant aspects emerge from the projects carried out and analyzed, which highlight the need to conserve the ecosystem. One axis to consider is linked to the phenomena of coastal urbanization in Chile, specifically in the city of Coquimbo (Aguilera 2019). The wetland is located in a privileged and high-interest sector affected for years by urban expansion and real estate development of the city, which has generated a significant decrease in its total area, intervention of watercourses and loss of natural spaces (Alvarez 2020). Another relevant factor was linked to anthropic pressures related to human-environment interaction, visualizing future uncertainty (Araya-Piñones, Salas-Bravo and Campos-Castillo 2019). This panorama, although it has improved over time, due to various private and public conservation initiatives (e.g., the work of NGOs: "Conciencia Ecológica" and the Municipalidad de Coquimbo 2021) and the creation of the Urban Wetlands Law (Law 21.202 of 2020), continues to be a current and future challenge.
One of the conservation alternatives proposed the provision of infrastructure related to the implementation of a park, expressed in perimeter closures for the area, which would be an effective solution to bird predation, waste disposal, and inappropriate uses, among others. Due to the need to prevent damage to the wetland area, the creation of an urban park responds to these problems with a conservation and projection basis over time. The materialization of the park would improve the link between society and environmental issues, generating opportunities for environmental education and adding cultural value, which would increase interest in the community and it is one of effective ways to maintain and expand the protected area of wetlands (Zhou et al. 2020). Based on its importance, the park initiative has been raised on several occasions (Cavieres 2014; Menceyra 2016; Fagalde 2018; El Observatodo 2021). The other alternative adopted (CV) sought to highlight the recreational and cultural value of the wetland. From the surveys, photography, and recreation were indicated as the main purpose of a visitation and it is inferred that visitors need a recreational place within the city to unwind; this is related to the fact that wetlands have been visualized as ecosystems that contribute to the quality of life of city dwellers (Pedersen, Weisner and Johansson 2019) and coastal areas (Sutton-Grier and Sandifer 2019). Other experiences, it has been reported the generation of urban parks in wetland areas for the maintenance and expansion of protected areas (Zhou et al 2020); the generation of artificial wetlands for educational use (Gitau, Ndiritu and Gichuki 2019); or expressed in economic terms by obtaining economic benefits for recreational use (Thapa et al. 2020).
In a similar way to the valorization of El Culebrón Wetland by the two methodologies used, one of the buildings in the sector can be taken as a comparative use (see Fig. 1). The real estate expansion projections allow for establishing an economic value through the opportunity cost of the land required. We mention the case of the Altamar Building, which has 27 floors and an area of 8.929 m2, one of its 54 m2 apartments is currently selling for US$ 93.347 (Source: https://www.portalinmobiliario.com/MLC-976933572-condominio-altamar-coquimbo-_JM ). The pressure that this type of real estate project generates on the authorities puts pressure on decision-making regarding the economic values of direct use (land) versus existence values (conservation of flora and fauna), raising educational and ethical questions such as: "What is more valuable, an urban park or a housing complex?", or "what provides greater benefits?". In the case of the described wetland, it represents an ecosystem inserted in the urban context (urban wetland), there being a growing need to protect these "green spaces" in the city (Law 21202 2020), in response to the large number of anthropogenic pressures on the that are exposed. In this context, visualizing wetlands as "multiple-use spaces" that contribute to the quality of life and well-being of the inhabitants is a recent concern (Andrews and Russo 2022), and current conservation policies can give an important shift with the objective of focusing on the conservation of wetlands as spaces for the well-being and improvement of the mental and physical health of the population (Sutton-Grier and Sandifer 2019).
In pedagogical reflection, it is possible to identify several themes. The first is linked to the difficulty of estimating an economic value for a wetland, which is a theoretical and practical challenge. In the initial versus final reflections, the "collapse" of preconceived ideas and beliefs about the concept of economy is recorded, showing that the first approach aimed at opting for direct valuation methods (water, land, etc.), turning around (later) by opting for the use of methodologies linked to recreational value or cultural ecosystem services. As indicated by Pooly and O'Connor (Pooly and O'Connor 2000), decision-making based on emotions and beliefs allows for overcoming economic and knowledge paradigms after interacting with the environment. This is how fieldwork for higher education levels becomes an essential educational action component (Scott et al. 2012).
In terms of the overall evaluation, the method of the economic value of DE would have been appropriate for the conservation of the environmental asset, since the proposed actions are aimed directly at this, in addition to the approach and the knowledge of the environment that the people who visit it will receive. The CV method was a challenge due to the complexity of its implementation; however, the richness and depth of the analysis generated an understanding of the methodology beyond economic valuation, raising questions for future research initiatives.
Within the limitations of experience, the CV methodology (willingness to pay) is a complex method that requires more time to develop, an example of this is reported Baez-Montenegro et al. (Baez-Montenegro et al. 2022) in an investigation on Río Cruces wetland in Chile, and their willingness to pay (WTP) to visit it. The planning of the activity should consider the contact of the stakeholders to be surveyed, the design of the survey and its application with a significant sample, as well as a correct analysis and interpretation of the results. The aspects just mentioned could be complementary since correct planning will have repercussions on the adequate use of time in educational activities (Pomerantz 1991). At a global level, economic valuation is intrinsically difficult, because realistic situations of environmental valuation are rarely observed (Guijarro and Tsinaslanidis 2020); this could be visualized in both projects, mainly due to the time of the activity dedication and the complexities involved in the complete analysis of the socio-ecological system. A projection of this research could use the example of Xu and He (Xu and He 2022), who holistically used the choice experiment method (CEM) and individual travel cost method (ITCM), which could deepen the current analysis.
As a final reflection, although the future of wetlands needs immediate discussion and action, significant progress has been made in valuing the goods and services they deliver (Barbier 2019). In the case of Chile, it is estimated that there are around 18,000 wetlands in the territory (Ministerio de Medio Ambiente 2017) and only 13 of them were declared as RAMSAR Site (Ministerio de Medio Ambiente 2018). Actions such as ecological restoration are important initiatives to safeguard wetlands, one example is the case of the Laguna Conchalí coastal wetland (Contreras, Novoa, and Rubilar 2017). On one hand, this environmental education experience deepens the generation of information about wetlands, considering that the main problem in the conservation of these ecosystems is the lack of knowledge about the ecosystem services they provide to society (Hu, Wright, and He 2022). In addition, it facilitates an understanding of the complex balance between economic benefits and environmental conservation, inviting us to move from: What is the economic value of a wetland? to What decisions can I make once the ecosystem value of a wetland has been determined?