economics

The Value of an Abundant Ocean

Posted Fri, Oct 22, 2010 by Emily Fisher to economics, fisheries, healthy oceans, new report, pew, value of healthy oceans

What are healthy fisheries worth? What, then, are healthy oceans worth?

Well, we’d argue they’re priceless, but a new report quantifies their value, and it’s no small change.

The first comprehensive, peer-reviewed estimate of the global social and economic contribution of fisheries was recently published online in four papers. In the report, scientists from the University of British Columbia’s Fisheries Centre quantify the value of the world’s fish, and calculate the loss of both revenue and dependable protein sources from overfishing.

Here are a few highlights from the report:

*Global fisheries, a vital source of food and revenue throughout the world, contribute between $225-$240 billion per year to the worldwide economy.


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Economics 101: Don't kill whales

Posted Mon, Oct 30, 2006 by Andy Sharpless to economics, whales

Two weeks ago, Iceland announced it would defy the 20-year old worldwide whaling ban and resume its commercial whale hunt. They sure didn't waste any time! Two whales have already been caught, leaving 37 more kills to go.

Iceland claims this decision is all about business, so let's take a look at the business side of what they actually are doing. For those of you who slept through this lesson in high school, I'd like to tell you about a little thing I like to call "economics."


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