June 20, 2023
Posted by admin
The value of ecosystem services and natural capital of the Area
This report for the International Seabed Authority (ISA) provides information on the economic value of ecosystem services from the seabed and ocean floor beyond the limits of national jurisdiction (the Area) and the potential loss of this value through exploitation activities. Such information can be used to set fees for damage to natural capital (i.e., internalisation of external costs of activities), determine compensation payments to beneficiaries facing loss of ecosystem services, and to optimise mitigation efforts in mining operations by protecting high value ecosystem services.
The report can be accessed here