Physical Sciences and Mathematics Commons^™

The Role Of Economics In Ecosystem Based Management: The Case Of The Eu Marine Strategy Framework Directive; First Lessons Learnt And Way Forward., Soile Oinonen, Tobias Börger, Stephen Hynes, Ann Katrin Buchs, Anna-Stiina Heiskanen, Kari Hyytiäinen, Tiziana Luisetti, Rob Van Der Veeren

Journal of Ocean and Coastal Economics

The EU Marine Strategy Framework Directive (MSFD) sets out a plan of action relating to marine environmental policy and in particular to achieving ‘good environmental status’ (GES) in European marine waters by 2020. Article 8.1 (c) of the Directive calls for ‘an economic and social analysis of the use of those waters and of the cost of degradation of the marine environment’. The MSFD is ‘informed’ by the Ecosystem Approach to management, with GES interpreted in terms of ecosystem functioning and services provision. Implementation of the Ecosystem Approach is expected to be by adaptive management policy and practice. The initial …