Abstract
The ocean and its resources provide key ecosystem services and benefits that are crucial for human well-being and the prosperity of the global economy, but these services are at risk. The ocean’s wide range of ecosystem services (including food, energy, recreational/ cultural services and trading/transport routes) is vital for the well-being of society. However, climate change, overfishing, pollution and a loss of biodiversity and coastal ecosystems are eroding the ability of the ocean to sustain livelihoods and prosperity.
Originally published in:
Konar, M., Ding, H. 2020. A Sustainable Ocean Economy for 2050: Approximating Its Benefits and Costs. Washington, DC: World Resources Institute. Available online at https://oceanpanel.org/publication/a-sustainable-ocean-economy-for-2050-approximating-its-benefits-and-costs/.
Reprint by Springer International Publishing (2023) with kind permission.
Published under license from the World Resources Institute.
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Abbreviations
- BAU:
-
Business-as-usual
- B-C:
-
Benefit-cost
- CH4:
-
Methane
- CO2:
-
Carbon dioxide
- CO2e:
-
Carbon dioxide equivalent
- FCR:
-
Feed conversion ratio
- FOLU:
-
Food and Land Use Coalition
- GDP:
-
Gross domestic product
- GHG:
-
Greenhouse gas
- Gt:
-
Gigatonne
- GW:
-
Gigawatt
- IEA:
-
International Energy Agency
- IMO:
-
International Maritime Organization
- LCOE:
-
Levelised cost of electricity
- mmt:
-
Million metric tonnes
- Mt.:
-
Megatonne
- MW:
-
Megawatt
- MWh:
-
Megawatt-hour
- N2O:
-
Nitrous oxide
- NREL:
-
National Renewable Energy Laboratory
- PV:
-
Photovoltaic
- R&D:
-
Research and development
- ROI:
-
Return on investment
- SCC:
-
Social cost of carbon
- SDG:
-
Sustainable Development Goal
- TWh:
-
Terawatt hour
- WACC:
-
Weighted average of capital costs
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Konar, M., Ding, H. (2023). A Sustainable Ocean Economy for 2050: Approximating Its Benefits and Costs. In: Lubchenco, J., Haugan, P.M. (eds) The Blue Compendium. Springer, Cham. https://doi.org/10.1007/978-3-031-16277-0_18
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