Eleanor Carter Silk - Eco-Delivery

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The socio-economic value of the marine service of gas and climate regulation Eleanor Carter-Silk [email protected]

Transcript of Eleanor Carter Silk - Eco-Delivery

The socio-economic value of the marine service of gas and climate regulation

Eleanor Carter-Silk [email protected]

The socio-economic value of the marine ecosystem

service of gas and climate regulation

The socio-economic value of the marine ecosystem

service of gas and climate regulation

What processes underpin the service?

Atmosphere

Water

Sea-bed

Possible effects

• During Installation

– Increased turbidity

– Noise

• Operation

– “No take zone”

– Co-location: sea-grass beds

• Decomissioning

– Very little data!

The socio-economic value of the marine ecosystem

service of gas and climate regulation

The socio-economic value of the marine ecosystem

service of gas and climate regulation

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)

The greatest threat to the ocean- and thus to ourselves- may be our own ignorance

– Silvia Earle

[email protected]

Plymouth Marine Laboratory