The economic valuation of biological resources and ecosystem services in the Sea of Okhotsk

The economic valuation of biological resources and ecosystem services in the Sea of Okhotsk The total monetary value of the harvestable stocks of commercial aquatic species in the Sea of Okhotsk, based on the Forecast of the Total Allowable Catch for 2014 and world prices for seafood, is estimated at $23.5 × 109 USD/year. The potential value of all the surveyed biological resources in the sea (including potential ones) in the case of their more complete economic use, $58.5 × 109 USD/year, is determined using the databases on macrofauna in the pelagic and benthic zones of the Far Eastern seas. Taking the mean value of ecosystem services per unit area in some parts of the World Ocean into account, the total value of ecosystem services for the Sea of Okhotsk may constitute $294.4 × 109 USD/year. The ecosystem services whose market values cannot be determined have a much higher cost than the traditionally exploited biological resources. The value of ecosystem services expressed in monetary terms can be considered as a tool to enhance the conservation importance of natural complexes in the course of the implementation of various industrial projects. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Russian Journal of Marine Biology Springer Journals

The economic valuation of biological resources and ecosystem services in the Sea of Okhotsk

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Publisher
Pleiades Publishing
Copyright
Copyright © 2016 by Pleiades Publishing, Ltd.
Subject
Life Sciences; Freshwater & Marine Ecology
ISSN
1063-0740
eISSN
1608-3377
D.O.I.
10.1134/S1063074016070075
Publisher site
See Article on Publisher Site

Abstract

The total monetary value of the harvestable stocks of commercial aquatic species in the Sea of Okhotsk, based on the Forecast of the Total Allowable Catch for 2014 and world prices for seafood, is estimated at $23.5 × 109 USD/year. The potential value of all the surveyed biological resources in the sea (including potential ones) in the case of their more complete economic use, $58.5 × 109 USD/year, is determined using the databases on macrofauna in the pelagic and benthic zones of the Far Eastern seas. Taking the mean value of ecosystem services per unit area in some parts of the World Ocean into account, the total value of ecosystem services for the Sea of Okhotsk may constitute $294.4 × 109 USD/year. The ecosystem services whose market values cannot be determined have a much higher cost than the traditionally exploited biological resources. The value of ecosystem services expressed in monetary terms can be considered as a tool to enhance the conservation importance of natural complexes in the course of the implementation of various industrial projects.

Journal

Russian Journal of Marine BiologySpringer Journals

Published: Feb 8, 2017

References

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