This article describes an economic valuation of ecosystem services from the oceans produced by Frank Ackerman, director of the Climate Economics Group at SEI-US, as part of the forthcoming SEI-coordinated book Valuing the Ocean, for which a preview was released in March.
While SEI’s report will face the same disparagement of validity as any other biological assessment with sweeping implications, lawmakers should take a serious look at the cost-benefit analysis it provides. Differing opinions about the effectiveness of valuing natural resources abound, but SEI has done an excellent job of taking an abstract topic and providing a realistic assessment of the oceanic outcome of climate change.
Source: Environmental Leader, US
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