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Cbe Waves Newsletter: August 2022, Various

Newsletters

The Summer 2022 Center for the Blue Economy Waves Newsletter includes the following articles:

• A "How To" Guide for Creating Ocean GDP Accounts for NON-Economists
• The hidden landscape: Maritime cultural heritage of the Salas y Gómez and Nazca ridges with implications for conservation on the high seas
• Introducing the 2022 Center for the Blue Economy Summer Fellows
• Virtual Reality to the Rescue--two new climate change applications
• Celebrating the Biden-Harris Whole-of-Government Ocean Climate Action Plan
• Celebrating the Inflation Reduction Act--biggest spending on climate change in US history
• Student and alumni profiles
• Out of the Arctic podcast created by IEP MIIS student …

Challenges In Measuring Indicators Of Progress For The Atlantic Action Plan, Daniel Norton, Regis Kalaydjian, Stephen Hynes, Arantza Maza Murillas, Javier Fernandez-Macho, Wesley Flannery, Maria Pilar Gonzalez Casimiro, Agnès Marhadour, Zacharoula Kyriazi, Christina Kelly, Raul Prellezo, Marta Escapa, Erwann Quimbert, Noel Ballantyne, Rebecca Corless, Maria Pafi, Yang Yaqi

Journal of Ocean and Coastal Economics

The EU Atlantic Action Plan (AAP) has recently been updated and revised to support ‘blue growth’ along Europe’s western coastal regions. The revisions reflect recent challenges facing the Atlantic Arc maritime economies including the Covid-19 crisis, Brexit and the new requirements of the European Green Deal. This new revision, termed AAP 2.0, also addresses some of the weaknesses highlighted in the original Atlantic Action Plan particularly regarding identifying indicators that may be used to measure progress in the achievement of the Plan’s objectives. Using a database with comparable marine socio-economic data across the Atlantic regions, a number of indicators are …

Benefits Cost Anaylsis: Options For Sea Level Rise Adaptation On West Cliff Drive, Charles S. Colgan, Philip King, David Revell

Publications

This report presents the results of a benefit cost analysis of various options for adapting West Cliff Drive (in the City of Santa Cruz, California) to sea level rise as identified through extensive technical analysis and community input. This report has built on previous work completed as part of the West Cliff Drive Adaptation and Management Plan project. The previous work products provided much of the information needed for this benefit cost analysis included an existing conditions inventory, future exposure and vulnerability assessment, and an adaptation alternatives analysis. Since most of the West Cliff Drive corridor is publicly owned by …

Coastal And Marine Tourism In The Future, Mohammad Nur Nobi, Md. Alauddin Majumder

Journal of Ocean and Coastal Economics

Having the world's largest unbroken sea-beach and vast coastline, Bangladesh has an immense potentiality to develop sustainable coastal and marine tourism. In Bangladesh, coastal and marine tourism is already in operation, though on a limited scale. But the growth of tourism in this country is lagging behind compared to the world as a whole. The contribution of this sector in the economy of Bangladesh is still below the mark. Therefore, the economy can be benefited by harnessing opportunities pertinent to the country’s coastal and marine tourism. To attract the local and foreign tourists, the country can improve the existing tourist …

Policy Interventions For The Development Of The Blue Economy In Bangladesh, Pierre Failler, M Gulam Hussain, Khurshed Alam, Ahmad Al Karim

Journal of Ocean and Coastal Economics

Between 2012 and 2014, disputes over maritime boundary with Myanmar and India were favorably settled for Bangladesh, resulting in the expansion of its territorial waters of more than 30% and the country received entitlement to 118,813 km² in the Bay of Bengal. This achievement offers a wide range of new economic opportunities for jobs & growth around marine and coastal sectors such as marine fisheries, marine aquaculture, tourism, exploitation of natural resources, trade and energy. This created new opportunities to exploited the untapped potential of these waters. The challenge will be to develop smart and sustainable solutions to meet …

Blue Biotechnology, Renewable Energy, Unconventional Resources And Products As Emerging Frontiers At Sea, Sheikh Aftab Uddin, Mohammad Mahmudul Islam

Journal of Ocean and Coastal Economics

Blue biotechnology, renewable energy and unconventional marine living resources are considered as emerging frontiers for enhancing ocean-based blue economy in Bangladesh. Blue biotechnology can help both fisheries and aquaculture industry by producing fish varieties that can become quicker, more beneficial, and greater with tastier flesh, by developing gene transfer technology to be used to develop the growth of fish or by using of monoclonal antibodies and DNA probes to new diagnostic strategies for pathogens. Transformation of marine bioresources (main, co-product and by-products) into food, medicine, animal feed and related bio-based items i.e. cosmetics, nutritional supplements, enzymes, agrichemicals etc could help …

Future Importance Of Maritime Activities In Bangladesh, M Gulam Hussain, Pierre Failler, Subrata Sarker

Journal of Ocean and Coastal Economics

Blue Economy is a concept of economic growth through the sustainable utilization of ocean resources with technological inputs to improve livelihoods and meet the growing demands for jobs without hampering the health of the ocean ecosystem. This paper offers an overview of current maritime key activities, major trends and scenarios, future blue economy development activities with economic and social importance, ecological importance and blue economy policy framework. This paper also focuses on the major constraints and challenges. The current maritime key activities include extraction of living and non-living resources, land based activities, trades and transportation, shipbuilding and ship breaking, tourism …

Putting The Blue In The Green New Deal, Jason Scorse, David Helvarg

Working Papers

The Green New Deal (GND) is a U.S. resolution that aims to address economic inequality and global warming through a set of proposed economic stimulus projects. As nearly half of the U.S. populace lives in or near coastal areas, the GND needs to prioritize the sustainable use and preservation of the marine environment – called the “blue economy.” David Helvarg of Blue Frontier and Jason Scorse of the International Environmental Policy Program and the Middlebury Institute of International Studies suggest a series of policy and investment priorities for incorporation of the blue economy into the GND.

Toward A Blue Economy : A Pathway For Sustainable Growth In Bangladesh, Pawan G. Patil, John Virdin, Charles Colgan, M Gulam Hussain, Pierre Failler, Amaya Vega

Publications

This report aims to synthesize the current theory and practice of the blue economy concept to govern economic activity linked to the ocean, and to provide a framework for the Government of Bangladesh to analyze its potential. With the peaceful resolution of maritime boundary disputes with its neighbors in 2012 and 2014, the Government has recently defined the ocean space under its jurisdiction and prioritized its use as a key source of future economic growth. The Government has prioritized the use of these spaces as a key source of future growth. However, a number of questions remain in embarking on …

Characterizing The Ocean Economies Of Guam, American Samoa, And The Commonwealth Of The Northern Mariana Islands, Charles Goodhue, Charles Colgan, Kate Quigley, Jefferey Adkins, Christopher Hawkins, Doug Lyons, Camille Martineau, Jennifer Zhuang, Jean Tanimoto

Publications

The National Oceanic and Atmospheric Administration’s (NOAA’s) Economics: National Ocean Watch (ENOW) provides an annual time series of select employment, establishment, wage, and gross domestic product data for all 30 U.S. coastal and Great Lakes states as far back as 2005. As detailed in Section 4 of this report, ENOW covers 47 six-digit NAICS industries across the following six ocean- and Great Lakes– dependent sectors of the economy:

• Living resources
• Marine construction
• Marine transportation
• Offshore mineral resources •
• Ship and boat building
• Tourism and recreation

ENOW data play an important role in characterizing and determining the relative importance of the …

Climate Change Vulnerabilities In The Coastal Mid-Atlantic Region, Charles Colgan, Juliano Calil, Hauke Kite-Powell, Di Jin, Porter Hoagland

Publications

The Mid-Atlantic Regional Council on the Ocean (MARCO) has identified increased understanding of the possible effects of climate change on the socio-economic assets and systems of the region as a priority need. This is based both on recent experience studying climate change and concern for the economic values that have been placed at risk. Changes in ocean temperatures and chemistry are already affecting fisheries, while the critical marine transportation facilities of the region must now address concerns about sea level rise in addition to shifting global transportation markets. New research is showing that coastal and ocean ecosystems are already changing …

Regional Economic Vulnerability To Sea Level Rise In San Diego County, Charles Colgan, Fernando Depaolis, Shaun Richards

Publications

One of the consequences of climate change and sea level rise that has not been extensively examined is the possible damages that can be done to regional economies. Even under scenarios of relatively small sea level rise, areas historically at risk from flooding will find flooding increasing as storms increase in frequency and severity. The result will likely be temporary disruptions of business activity lasting days to weeks. Climate change and accompanying higher sea levels will mean increasing severity of flood risk that will well to areas that have been historically immune to flooding. The cumulative effect of these flood …

Economic Evaluation Of Coastal Land Loss In Louisiana, Stephen R. Barnes, Craig Bond, Nicholas Burger, Kate Anania, Aaron Strong, Sarah Weilant, Stephanie Virgets

Journal of Ocean and Coastal Economics

Louisiana has lost approximately 1,880 square miles of land over the past eighty years. Projections suggest that in a future without action, the next fifty years could result in the loss of 1,750 additional square miles of land area. As land loss continues, a large portion of the natural and man-made capital stocks of coastal Louisiana will be at greater risk of damage, either from land loss or from the associated increase in storm damage. We estimate the replacement cost of capital stock directly at risk from land loss ranges from approximately $2.1 billion to $3.5 billion with economic activity …

Arctic Economics Workshop, Dr. Judith T. Kildow, Michael Goldstein

Working Papers

About this Report

This report serves as the official Summary final report to participants and the public, from the Arctic Economics Workshop, sponsored by the National Science Foundation grant issued July 2017. It is a summary of participant remarks, ideas, and suggestions from the workshop. It will also be included as an addendum to our official reports to the National Science Foundation to be issued Spring, 2018. After the initial section on background and introduction, the remaining report highlights the three keynote presentations and the introductory presentation by the hosts who presented the research undertaken for the Workshop. The discussions …

Navigating The Global Economy: A Comprehensive Analysis Of The Massachusetts Maritime Economy, David Borges, Michael Goodman, Elise Korejwa, Kasey Lima-Pires, Michael Mccarthy, Michael Sloan, Holly Stickles, Joy Smith, Charles Colgan

Publications

The Massachusetts Maritime Economy is comprised of 5,555 establishments that employ 90,482 workers, pay $3.4 billion in total wages, and account for $6.4 billion in gross state product. These businesses are a significant economic driver in Massachusetts, representing 2.6 percent of the Commonwealth’s direct employment and 1.3 percent of its direct gross state product.

• 5,555 establishments
• 90,482 employees
• $3.4 billion total wages
• $6.4 billion gross state product

Climate Change Adaptation Case Study: Benefit-Cost Analysis Of Coastal Flooding Hazard Mitigation, Will Cooper, Federico Garcia, Diana Pape, David Ryder, Ben Witherell

Journal of Ocean and Coastal Economics

The damage Hurricane Sandy caused had far-reaching repercussions up and down the East Coast of the United States. Vast coastal flooding accompanied the storm, inundating homes, businesses, and utility and emergency facilities. Since the storm, projects to mitigate similar future floods have been scrutinized. Such projects not only need to keep out floodwaters but also be designed to withstand the effect that climate change might have on rising sea levels and increased flood risk.

In this study, we develop an economic model to assess the costs and benefits of a berm (sea wall) to mitigate the effects of flooding from …

Tradeable Permits For Shoreline Protection: Reshaping Regulation Under The Coastal Act For The Era Of Sea Level Rise, Charles Colgan, Sarah Newkirk

Publications

California’s coast is one of the state’s and the nation’s premier locations. Home to millions of people, as well as a great diversity of natural features and habitats, it is also a place that is disappearing from beneath our feet. The dynamic interactions of water and land have eroded much of the historic California coast, and sea level rise threatens a dramatic acceleration of this trend. Fighting erosion has led to more than ten percent of California’s shoreline (and over thirty percent in southern California) being transformed from natural to man-made structures that resist, at least for a time, the …

Northeast Ocean Planning Baseline Assessment: Marine Resources, Infrastructure, And Economics, Hauke Kite-Powell, Charles Colgan, Porter Hoagland, Di Jin, Vinton Valentine, Brooke Wikgren

Publications

This document summarizes the status of coastal and marine resources in the Northeast region of the United States, and how these resources generate economic and ecological value. The Northeast region, for ocean planning purposes, includes the coastal counties of Maine, New Hampshire, Massachusetts, Rhode Island, and Connecticut, and the New York counties (bordering Long Island Sound) of Queens, Bronx, Suffolk, Nassau, and Westchester. The coastal and marine natural resources and coastal infrastructure of the Northeast, and the economic activities and cultural/recreational services that rely them, directly and indirectly support more than 500,000 jobs and $40 billion in economic value (GDP) …

An Economic Justification For The Development And Establishment Of Seascapes In The Coral Triangle, Sorina Seeley

Working Papers

Spanning six counties and over six million square kilometers, the Coral Triangle is home to 75% of the world’s coral species, 37% of the world’s coral reef fish, 6 out of 7 of the world’s marine turtle species and an array of pelagic fish and cetaceans. In addition to its outstanding biodiversity, the Coral Triangle provides economic, social, and cultural benefits to over 396 million people and directly supports the livelihoods of over 130 million inhabitants. It is also one of the fastest growing regions of the world. The same economic opportunities driving the region’s growth are also putting enormous …

Measurement Of The Ocean Economy From National Income Accounts To The Sustainable Blue Economy, Charles S. Colgan

Journal of Ocean and Coastal Economics

The widespread efforts to incorporate the economic values of oceans into national income accounts have reached a stage where coordination of national efforts is desirable. A symposium held in 2015 began this process by bringing together representatives from ten countries. The symposium concluded that a definition of core ocean industries was possible but beyond that core the definition of ocean industries is in flux. Better coordination of ocean income accounts will require addressing issues of aggregation, geography, partial ocean industries, confidential, and imputation is also needed. Beyond the standard national income accounts, a need to incorporate environmental resource and ecosystem …

Aligning Decision-Making And Key Behaviors With Effective Fisheries Management, Megan Godfrey (Now Hillgartner), Rod Fujita

Working Papers

At least two-thirds of global fish stocks are overfished or fully exploited (FAO, 2014). As a result, fisheries are not producing nearly as much food, profit, or livelihood opportunities as they could be. Well implemented and effective Rights Based Management (RBM) can reverse these trends, but designing and implementing such systems is challenging.

There are good design principles based on research and experience for designing RBM systems, focused on ensuring that stakeholders buy into management measures and that fishermen can capture the benefits of their own conservation efforts. However, there are many other decisions that must be made and behaviors …

Climate Adaptation And Resiliency Planning For New England Communities: First Steps And Next Steps, Charles Colgan, Jack D. Kartez Ph.D., Martha P. Sheils

Publications

Hurricane Irene tearing Vermont roads and bridges apart and Superstorm Sandy ripping through coastal areas; such phenomenal events are being joined by more frequent rain, tide and wind impacts that are disrupting communities and risking property and lives. New challenges arise from weather events that are driven by a less stable climate. The key difference between what communities already plan for and climate adaptation planning is the level of uncertainty about how impacts may change in the future and the potentially enormous and devastating damages that a community may sustain. This Guide presents an overview of that task, with links …

The Value Of Recreational Fishing In The Irish Marine Waters: A Travel Cost Analysis Using On-Site Count Data Models, Stephen Hynes, Rainey Graeven

Working Papers

This paper’s contribution to the understanding of marine recreational pursuits in Ireland is based on the estimation of the first sea angling demand function. We use this empirical work to inform the more general debate surrounding resource allocation between commercial fisheries and recreational anglers. The study compares the use of Poisson and negative binomial count data models to estimate sea angling trip demand. The models also account for truncation and endogenous stratification; two issues that need to be controlled for when dealing with on-site sampled populations. The models are then used to estimate the mean willingness to pay of the …

Economic Impacts Of Climate Adaptation Strategies For Southern Monterey Bay, Kelly Leo, Sarah Newkirk, Walter Heady, Brian Cohen, Juliano Calil, Philip King, Fernando Depaolis

Publications

Local governments along Monterey Bay’s shores are undertaking a number of initiatives for which sea level rise adaptation planning is required. Governor Schwarzenegger’s 2008 Executive Order S-13-08 and the 2011 Resolution of the California Ocean Protection Council on sea level rise led to the proliferation of individual agency guidance documents (e.g., CalTrans (2011), BCDC (2011), CCC (2015)) that require emerging best available science (e.g., Pacific Institute Report (Heberger et al. 2009), NRC Report (2012)). These guidance documents stipulate that sea level rise and coastal hazards need to be considered in planning (e.g., Climate Action Compact, Climate Action Plans, Integrated Regional …

From The Orderly World Of Frameworks To The Messy World Of Data: Canada’S Experience Measuring The Economic Contribution Of Maritime Industries, Alejandro De Maio, Christine Irwin

Journal of Ocean and Coastal Economics

This paper extends the frameworks developed by Park and Kildow (2014) to explore the use of supply chains to classify and organize ocean industries. Canada’s experience with measuring the economic contribution of ocean related sectors is discussed; with particular emphasis on illustrating the supply chain approach and of highlighting the multiple practical challenges that arise in defining and measuring the ocean economy. The overall conclusion is that Canada has succeeded in developing a methodological framework that allows it to report, on an annual basis high level estimates of gross domestic product, employment and labour income generated directly and indirectly by …

The New Blue Economy: The Future Of Sustainability, Mark J. Spalding

Journal of Ocean and Coastal Economics

The world’s ocean is the world’s life support. Many human activities have defined a negative relationship with the ocean. Simply put: we dump too much bad stuff in, and we take too much good stuff out. The traditional ocean economy—those ocean-based and ocean-related activities from which humans derive economic benefit— did not acknowledge or honor the ocean’s natural services, nor its finite capacity to take human abuse without undermining those services on which we depend. The “new blue economy” is the term of art for identifying those activities that improve the human relationship with the ocean and for aligning our …

Economic Assessment Of Oceans For Sustainable Blue Economy Development, Maria Corazon M. Ebarvia

Journal of Ocean and Coastal Economics

This paper presents the common approach on blue economy assessment adopted by selected countries in the East Asian Seas region, and results of initial assessment studies. There are many discourses on the definition and scope of blue economy as the ocean space is evolving, driven by innovations, shifting demands, and pressures from changing environment and climate. The ocean economy contributes to the GDP of the EAS countries in varying degrees: 3 % in RO Korea, 4.5 % in the Philippines, 9 % in China, and 13 % in Indonesia. In addition to the ocean economic activities, the ocean also generates …

Ocean Economy Valuation Studies In The Asia-Pacific Region: Lessons For The Future International Use Of National Accounts In The Blue Economy, Alistair Mcilgorm

Journal of Ocean and Coastal Economics

There have been several projects that have addressed the challenges of measuring the ocean economy in the Asia-Pacific region. The paper examines some lessons from these projects and the implications for the future use of national accounts.

Following the Asia Pacific Economic Cooperation (APEC) Bali declaration, the APEC Marine Resource Conservation Working group’s “Measuring the Marine economy” project promoted consistent measurement of the marine economy across the 21 APEC economies against a list of agreed marine industry categories which was developed by an APEC workshop on Easter Island in 2004.

In 2008-09 a Partnership for the Environmental Management of the …

Accounting For The Ocean Economy Using The System Of National Accounts, Raymundo J. Talento

Journal of Ocean and Coastal Economics

The increasing importance to measure the ocean economy cannot be discounted. A number of countries attempted to measure the ocean economy based on their needs and perceptions. At this point, however, there is no agreed scope and coverage of the ocean economy nor is there an agreed operational definition of the variables needed for its measurement. Moreover, there is no internationally endorsed framework that will guide and lead to comparable estimates across countries or regions.

Utilizing the 2008 System of National Accounts (SNA) as a framework, this paper endeavors to estimate the contribution of the ocean economy in the Philippines …

A Statistical Assessment Of Maritime Socioeconomic Indicators For The European Atlantic Area, Javier Fernandez-Macho

Journal of Ocean and Coastal Economics

Ever since the introduction into marine and maritime policy strategies worldwide of the relatively new concept of Blue Growth there has been an increasing interest in developing integrated systems of indicators for the maritime economy.

The Marnet project has been a recent attempt to develop a comparative maritime socioeconomic framework for the European Atlantic area and its database contains a large number of socioeconomic indicators for many maritime activities at different territorial levels that provide the information needed to help analyze and compare the maritime economy of the European Atlantic regions.

However, there are still many gaps with respect to …