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Oceans and Economic Value: Challenges and Research Priorities Consortium for Ocean Leadership 25 October 2012 Hauke Kite-Powell, Marine Policy Center, WHOI
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Topics Examples of where we are close: – IOOS, PORTS – Value added by ocean-related activities Examples of where we are not: – Ocean research infrastructure – Asset values of marine resources Priorities for research
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Observing Systems: NERACOOS Global user group populationGlobal annual visits casualoccasionalintensive Rec boating3,7802,2641,510177,000 Shore recreation1,370410960101,000 Maritime560--1,310131,000 Commercial fishing9102101,900193,000 Education91070305,000 Sci/Eng/Mgr14903013015,000 Military250--25025,000 Gen public190,0001,040690269,000
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Observing Systems: NERACOOS Global annual visits Approx. benefit per decision ($) Economic benefit generated ($) Rec boating177,0001 Shore recreation101,0001 Maritime131,000101,313,000 Commercial fishing193,000101,932,000 Education5,0001 Sci/Eng/Mgr15,00010150,000 Military25,0001002,500,000 Gen public269,0000-- Total 6,200,000
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Observing Systems: PORTS Tampa Bay Houston/ Galveston New York/ New Jersey Columbia River top 50 US ports [estimate] Maritime safety1.1 – 2.810.55.51.525 Maritime efficiency 1.10.40.24.870-80 Spill response1.1 – 1.82 – 31 – 20.1 – 0.230-40 Recreational boating/fishing 1.510.5-- General weather forecasts 1.51.5 - 32-- Extreme weather/flooding 0.5 0.31.0 Total7 - 1016 - 1810 - 117.5>100 Estimated annual benefits, $ million
![Observing Systems: PORTS Tampa Bay Houston/ Galveston New York/ New Jersey Columbia River top 50 US ports [estimate] Maritime safety1.1 – Maritime efficiency Spill response1.1 – 1.82 – 31 – 20.1 – Recreational boating/fishing General weather forecasts Extreme weather/flooding Total >100 Estimated annual benefits, $ million](http://images.slideplayer.com./25/7905254/slides/slide_5.jpg "Observing Systems: PORTS Tampa Bay Houston/ Galveston New York/ New Jersey Columbia River top 50 US ports [estimate] Maritime safety1.1 – Maritime efficiency Spill response1.1 – 1.82 – 31 – 20.1 – Recreational boating/fishing General weather forecasts Extreme weather/flooding Total >100 Estimated annual benefits, $ million")
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Value Added: Ocean Industries National Ocean Economics Project, http://www.oceaneconomics.orghttp://www.oceaneconomics.org
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Asset Values of Ocean Resources Marine minerals & fish maybe, but: Clean water? Wetlands? Natural coastal protection? Human health effects of seafood?
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Value of Ocean Research Investments
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Research Priorities Goal: better estimates of ocean economic values Focus on better understanding assets values – Living & non-living resources – Estimates of present values – Models of how values change with environmental quality, population, climate change effects, …
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