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Valuing the European ‘coastal blue carbon’ storage benefit

journal contribution
posted on 06.12.2017, 00:00 authored by T Luisetti, Emma JacksonEmma Jackson, RK Turner
‘Blue’ carbon ecosystems are important carbon storage providers that are currently not protected by any international mechanism, such as REDD. This study aims to contribute to raising awareness in the political domain about the ‘blue’ carbon issue. This analysis also provides guidance in terms of how to value stock and flows of ecosystem services adding to the debate begun by the Costanza et al. (1997) paper in Nature. Through scenario analysis we assess how human welfare benefits will be affected by changes in the European coastal blue carbon stock provision. The current extent of European coastal blue carbon has an accounting stock value of about US$180 million. If EU Environmental Protection Directives continue to be implemented and effectively enforced, society will gain an appreciating asset over time. However, a future policy reversal resulting in extensive ecosystem loss could mean economic value losses as high as US$1 billion by 2060.

Funding

Other

History

Volume

71

Issue

1-2

Start Page

101

End Page

106

Number of Pages

6

eISSN

1879-3363

ISSN

0025-326X

Location

United Kingdom

Publisher

Elsevier

Language

en-aus

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Centre for Environment; Centre for Social and Economic Research on the Global Environment; Institute of Marine Studies; School of Environmental Sciences;

Era Eligible

Yes

Journal

Marine Pollution Bulletin