The Expected Impacts of Climate Change on the Ocean Economy

Gaines, Steve, Cabral, Reniel, Free, Christopher M., Golbuu, Yimnang, Arnason, Ragnar, Battista, Willow, Bradley, Darcy, Cheung, William, Fabricius, Katharina, Hoegh-Guldberg, Ove, Juinio-Meñez, Marie Antonette, Molinos, Jorge García, Ojea, Elena, O’Reilly, Erin, and Turley, Carol (2023) The Expected Impacts of Climate Change on the Ocean Economy. In: Lubchenco, Jane, and Haugan, Peter M., (eds.) The Blue Compendium: From Knowledge to Action for a Sustainable Ocean Economy. Springer Cham, Cham, Switzerland, pp. 15-50.

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Abstract

The ocean is critically important to our global economy. Collectively, it is estimated that ocean-based industries and activities contribute hundreds of millions of jobs and approximately US$2.5 trillion to the global economy each year, making it the world’s seventh-largest economy when compared with national gross domestic products (GDPs) (Hoegh-Guldberg 2015; IPCC 2019). In addition, the nonmarket services and benefits provided by the ocean are significant and may in fact far exceed the value added by market-based goods and services (Costanza et al. 2014).

Item ID: 86962
Item Type: Book Chapter (Research - B1)
ISBN: 978-3-031-16277-0
Copyright Information: © 2023 The Author(s). Open Access This chapter is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made. The images or other third party material in this chapter are included in the chapter's Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the chapter's Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder.
Date Deposited: 26 Aug 2025 02:14
FoR Codes: 41 ENVIRONMENTAL SCIENCES > 4101 Climate change impacts and adaptation > 410199 Climate change impacts and adaptation not elsewhere classified @ 100%
SEO Codes: 19 ENVIRONMENTAL POLICY, CLIMATE CHANGE AND NATURAL HAZARDS > 1901 Adaptation to climate change > 190199 Adaptation to climate change not elsewhere classified @ 50%
19 ENVIRONMENTAL POLICY, CLIMATE CHANGE AND NATURAL HAZARDS > 1903 Mitigation of climate change > 190399 Mitigation of climate change not elsewhere classified @ 50%
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