The World’s Oceans Are Worth Trillions Of Dollars, Report Finds

Posted by Mike Confino, April 26, 2015

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The oceans are worth at least $24 trillion in services such as fishing, tourism, shipping and carbon sequestration, but “urgent action” is needed if the world wants to maintain that ocean economy, according to a new report.

The report, published this week by the World Wildlife Fund, states that if the oceans were a country, they would be the world’s seventh-largest economy in terms of Gross Domestic Product (GDP). And, according to the report, even those measurements of the oceans’ value are likely underestimates: the report didn’t take into account essential ocean services such as oxygen production, temperature stabilization, and cultural services in putting a value on the ocean.

 

Read more: http://thinkprogress.org/climate/2015/04/23/3650321/oceans-worth-trillions/

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