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How much are ocean resources worth

Coral reefs, mangroves and seagrasses have tremendous economic value for local communities and the world as a whole, according to the first global reference guide for these valuable marine resources.

The reference guide, titled “Coral Reefs, Mangroves and Seagrass Economic Values: A Global Compilation” by Conservation International (CI) in collaboration with The International Coral Reef Initiative, The Coastal Ocean Values Center, World Resources Institute and the National Oceanic and Atmospheric Administration, establishes the economic importance of ecologically rich ocean ecosystems.

While conservationists have long emphasized the ecological significance of marine resources, managers and planners of marine and coastal development have lacked easy access to statistics on the economic value of those resources. Now the reference guide provides that fundamental information for sustainable development of coastal and marine areas.

“If we want to be successful conservationists, we have to talk in terms people can understand: money,” said Dr. Leah Bunce Karrer, CI senior director for the Marine Management Area Science program. “This tool enables managers and practitioners around the world to do just that.”

The reference guide is an easy-to-read booklet as well as an on-line version at www.consvalmap.org. It includes information for values at the local, regional, national and global levels, and also is organized by categories of value, including tourism, fisheries and shoreline protection.

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