SEI Contact:

Frank Ackerman

Time-frame: 2010–2011

How Much Are the Oceans Worth? Assessing the Economic Value of Oceans and the Cost of Inaction

Despite oceans' enormous importance, scant attention has been given to them in climate policy. We now realize oceans face several threats, including rising temperatures, acidification, pollution, and large regions that have become anoxic. Coastal areas are also threatened by sea-level rise.

This project, part of an international, multi-disciplinary effort led by SEI, takes a holistic approach to those issues and provides estimates of their economic impacts and implications. Our research will examine the economic cost of climate impacts on marine fishing, tourism and recreation, coastal property and infrastructure, and other industries.