Two Minutes on Oceans with Jim Toomey: The True Value of Our Oceans

The RONA video was premiered on April 11, 2013 at the World Bank partnership meeting on “Wealth Accounting and Valuation of Ecosystems Services” (WAVES) held at the Washington National Harbor’s Westin Hotel.  WAVES is a global partnership that aims to promote sustainable development by ensuring that the national accounts used to measure and plan for economic growth include the value of natural resources. 

While highlighting the economic value of the oceans, this video focuses on the range of ocean benefits that are not typically accounted for.  What sort of benefits you ask? Coastal habitats, like barrier reefs and mangroves, protect us from storms and flooding, for example. Salt marshes and mangroves also filter pollutants, as well as excess nutrients and sediments from the water.  The ocean helps to regulate climate and absorbs carbon dioxide. Referred to as natural capital, these benefits are seldom considered in traditional economic accounting and consequently get left out of important decision-making processes. In a creative and engaging manner, this video discusses the real value of oceans while also presenting specific actions individuals and decision-makers can take. 


Tuesday 30 Apr 2013