The Economic Impact of Ocean Acidification on Coral Reefs
Abstract: Because ocean acidification has only recently been recognised as a problem caused by climate change, impact studies are still rare and estimates of the economic impact are absent. This paper estimates the economic impact of ocean acidification on coral reefs which are generally considered...
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ftciteseerx:oai:CiteSeerX.psu:10.1.1.485.4427 2023-05-15T17:49:05+02:00 The Economic Impact of Ocean Acidification on Coral Reefs Luke M. Br Katrin Rehdanzb Richard S. J. Told Pieter J. H. Van The Pennsylvania State University CiteSeerX Archives 2009 application/pdf http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.485.4427 http://www.tara.tcd.ie/bitstream/2262/27779/1/WP282.pdf en eng http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.485.4427 http://www.tara.tcd.ie/bitstream/2262/27779/1/WP282.pdf Metadata may be used without restrictions as long as the oai identifier remains attached to it. http://www.tara.tcd.ie/bitstream/2262/27779/1/WP282.pdf Key words Ocean acidification coral reefs economic value JEL Classification Q51 Q54 Q57 text 2009 ftciteseerx 2016-01-08T08:09:29Z Abstract: Because ocean acidification has only recently been recognised as a problem caused by climate change, impact studies are still rare and estimates of the economic impact are absent. This paper estimates the economic impact of ocean acidification on coral reefs which are generally considered to be economically as well as ecologically important ecosystems. First, we conduct an impact assessment in which atmospheric concentration of CO2 is linked to ocean acidity causing coral reef area loss. Next, a meta-analysis is applied to determine the economic value of coral reefs around the world. Finally, these two analyses are combined to estimate the economic impact of ocean acidification on coral reefs for the four IPCC marker scenarios. We find that the annual economic impact rapidly escalates over time, because the scenarios have rapid economic growth in the relevant countries and coral reefs are a luxury good. Nonetheless, the annual value in 2100 in still only a fraction of total income, one order of magnitude smaller than the previously estimated impact of climate change. Although the estimated impact is uncertain, the estimated confidence interval spans one order of magnitude only. Future research should seek to extend the estimates presented here to other impacts of ocean acidification and investigate the implications of our findings for climate policy. Text Ocean acidification Unknown |
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Key words Ocean acidification coral reefs economic value JEL Classification Q51 Q54 Q57 |
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Key words Ocean acidification coral reefs economic value JEL Classification Q51 Q54 Q57 Luke M. Br Katrin Rehdanzb Richard S. J. Told Pieter J. H. Van The Economic Impact of Ocean Acidification on Coral Reefs |
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Key words Ocean acidification coral reefs economic value JEL Classification Q51 Q54 Q57 |
description |
Abstract: Because ocean acidification has only recently been recognised as a problem caused by climate change, impact studies are still rare and estimates of the economic impact are absent. This paper estimates the economic impact of ocean acidification on coral reefs which are generally considered to be economically as well as ecologically important ecosystems. First, we conduct an impact assessment in which atmospheric concentration of CO2 is linked to ocean acidity causing coral reef area loss. Next, a meta-analysis is applied to determine the economic value of coral reefs around the world. Finally, these two analyses are combined to estimate the economic impact of ocean acidification on coral reefs for the four IPCC marker scenarios. We find that the annual economic impact rapidly escalates over time, because the scenarios have rapid economic growth in the relevant countries and coral reefs are a luxury good. Nonetheless, the annual value in 2100 in still only a fraction of total income, one order of magnitude smaller than the previously estimated impact of climate change. Although the estimated impact is uncertain, the estimated confidence interval spans one order of magnitude only. Future research should seek to extend the estimates presented here to other impacts of ocean acidification and investigate the implications of our findings for climate policy. |
author2 |
The Pennsylvania State University CiteSeerX Archives |
format |
Text |
author |
Luke M. Br Katrin Rehdanzb Richard S. J. Told Pieter J. H. Van |
author_facet |
Luke M. Br Katrin Rehdanzb Richard S. J. Told Pieter J. H. Van |
author_sort |
Luke M. Br |
title |
The Economic Impact of Ocean Acidification on Coral Reefs |
title_short |
The Economic Impact of Ocean Acidification on Coral Reefs |
title_full |
The Economic Impact of Ocean Acidification on Coral Reefs |
title_fullStr |
The Economic Impact of Ocean Acidification on Coral Reefs |
title_full_unstemmed |
The Economic Impact of Ocean Acidification on Coral Reefs |
title_sort |
economic impact of ocean acidification on coral reefs |
publishDate |
2009 |
url |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.485.4427 http://www.tara.tcd.ie/bitstream/2262/27779/1/WP282.pdf |
genre |
Ocean acidification |
genre_facet |
Ocean acidification |
op_source |
http://www.tara.tcd.ie/bitstream/2262/27779/1/WP282.pdf |
op_relation |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.485.4427 http://www.tara.tcd.ie/bitstream/2262/27779/1/WP282.pdf |
op_rights |
Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
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1766155299583950848 |