Abstract
The ocean is critically important to our global economy. Collectively, it is estimated that ocean-based industries and activities contribute hundreds of millions of jobs and approximately US$2.5 trillion to the global economy each year, making it the world’s seventh-largest economy when compared with national gross domestic products (GDPs) (Hoegh-Guldberg 2015; IPCC 2019). In addition, the nonmarket services and benefits provided by the ocean are significant and may in fact far exceed the value added by market-based goods and services (Costanza et al. 2014).
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14 July 2024
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References
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Gaines, S. et al. (2023). The Expected Impacts of Climate Change on the Ocean Economy. In: Lubchenco, J., Haugan, P.M. (eds) The Blue Compendium. Springer, Cham. https://doi.org/10.1007/978-3-031-16277-0_2
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