Oceanic Resource Valuation

Oceanic Resource Valuation refers to the process of assessing the economic worth of resources found in the ocean, such as fish, minerals, and oil. It considers both the direct benefits, like seafood and energy, and indirect benefits, such as tourism and ecosystem services that oceans provide, like carbon storage. This valuation helps governments and organizations make informed decisions about resource management and conservation, ensuring that the ocean's wealth is used sustainably while balancing economic needs with environmental protection. Essentially, it helps quantify what the ocean provides and supports better stewardship of these vital resources.