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National Accounting for the Ocean and Ocean Economy

This paper highlights the critical role of national accounting in achieving a sustainable ocean economy, and major gaps in how the ocean, ocean services, and ocean assets are currently treated in national accounts. It offers four principles for national ocean accounting and discusses methods for measuring and valuing ocean assets and their rise and decline.

The paper paves the way to implement already-agreed statistical standards and new innovations in national accounting for the ocean, to make the national accounts a more useful tool for realising a sustainable ocean economy.

The authors for this paper are: Eli P. Fenichel, Ben Milligan, Ina Porras, Ethan T. Addicott, Ragnar Árnasson, Michael Bordt, Samy Djavidnia, Anthony Dvarskas, Erica Goldman, Kristin Grimsrud, Glenn-Marie Lange, John Matuszak, Umi Muawanah, Martin Quaas, François Soulard, Niels Vestegaard, and Junjie Zhang

This paper will be launched on July 22nd via a webinar. Register here