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Putting a price on the ocean

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.

Published on 25 May 2012

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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Water : Water resources
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