World Ocean Assessment, Part 3
Almost everything we do on earth is also measured economically. And such valuation of the ocean and its related activities are far beyond similar calculations and financial reactions on land where many aspects of the economics are left out of the process, typically under-estimating the true profit or true loss in any particular set of circumstances. A new approach, called "ecosystem services" is an attempt to include as many of these absent values into a full audit and balance sheet for human interaction with Nature. When applied to ocean activities, it is particularly revealing because so many elements have historically been left out of the equation. The results of this fresh approach, therefore, can be particularly disconcerting by surprise and contradiction of past conclusions.
More...