Post on 11-Jan-2022
The socio-economic value of the marine service of gas and climate regulation
Eleanor Carter-Silk elcs@pml.ac.uk
Possible effects
• During Installation
– Increased turbidity
– Noise
• Operation
– “No take zone”
– Co-location: sea-grass beds
• Decomissioning
– Very little data!
How do you value gas and climate regulation
• Photosynthesis?
• Carbon in the sea-bed?
• Biomass in the water?
• Total of all processes?
• Is bacteria included?
The value of 1 tonne of carbon
Social Cost of
carbon Method Citation
$23tC-1 Damage Avoided Franhauser (1994)
$5tC-1 Damage Avoided Tol (2005)
$16tC-1 Moving towards
cost of mitigation
Stern (2006)
$42.04 (2008)
$55.04 (2020)
Cost of mitigation DECC (2009)