OCEAN ASSETS WORTH $24 TRILLION
Oceans need urgent protection to stem the erosion of their resources, which are worth around $24 trillion, WWF warned last week. In a report produced with the Global Change Institute at the University of Queensland and the Boston Consulting Group, the charity highlighted the value of oceans, which includes direct outputs from fishing and aquaculture, tourism, education, trade and transport as well as other benefits, such as carbon sequestration. According to WWF, goods and services from oceans are worth US$2.5 trillion a year, ranking it just below the UK in terms of economic value. Neglecting this asset could in some ways be likened to not investing in a fund that yielded a 10% return, it says.