Oceans are world’s seventh largest economy worth $24tn, says WWF report | Environment | The Guardian
▻http://www.theguardian.com/environment/2015/apr/23/oceans-are-worlds-seventh-largest-economy-worth-24tn-says-wwf-report
The report, commissioned by WWF, states the asset value of oceans is $24tn and values the annual “goods and services” it provides, such as food, at $2.5tn.
This economic clout would make the oceans the seventh largest economy in the world although the report’s authors, which include the Boston Consulting Group, say this is an underestimate as it does not factor in things such as oil, wind power and intangibles, such as the ocean’s role in climate regulation.
The economic value is largely comprised of fisheries, tourism, shipping lanes and the coastal protection provided by corals and mangroves.
