A Sustainable Ocean Economy for 2050: Approximating Its Benefits and Costs
Manaswita Konar and Helen Ding Secretariat of the High Level Panel for a Sustainable Ocean Economy, World Resources Institute Energy Solutions Fisheries & Aquaculture Plastics & Pollution Shipping & Ports Tourism
The ocean faces urgent environmental challenges, but taking action to protect oceanbased ecosystems and ensuring the environmental sustainability of ocean-based activities will help deliver a whole host of benefits to society. The key question is how these benefits compare to the costs of action.
To address that question, this working paper estimates the global net benefit and the benefit-cost (B-C) ratio over a 30-year time horizon (2020–50) of sustainable ocean-based investments on four ocean-based policy interventions: conserving and restoring mangrove habitats, scaling up offshore wind production, decarbonising the international shipping sector and increasing the production of sustainably sourced ocean-based proteins (to ensure a healthy, balanced human diet by 2050).
Read the full report here.
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