2021
DOI: 10.1038/s41558-021-01089-4
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The blue carbon wealth of nations

Abstract: Carbon sequestration and storage in mangroves, salt marshes and seagrass meadows is an essential coastal ‘blue carbon’ ecosystem service for climate change mitigation. Here we offer a comprehensive, global and spatially explicit economic assessment of carbon sequestration and storage in three coastal ecosystem types at the global and national levels. We propose a new approach based on the country-specific social cost of carbon that allows us to calculate each country’s contribution to, and redistribution of, g… Show more

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Cited by 117 publications
(68 citation statements)
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“…Blue carbon is "organic carbon that is captured and stored by the oceans and coastal ecosystems" and the term is used to distinguish carbon sequestered in marine systems from that of terrestrial "green carbon" systems (Macreadie et al 2019, andsee Mcleod et al 2011). Many countries, for example, China, Australia, UK, and the European Union, are developing blue carbon strategies involving enhancing blue carbon stocks to assist in CDR (Zhang et al 2017, Wu et al 2020, Bertram et al 2021, Frigstad et al 2021; Fig. S12).…”
Section: Carbon Dioxide Uptake and Timescales Of Storage By Terrestri...mentioning
confidence: 99%
“…Blue carbon is "organic carbon that is captured and stored by the oceans and coastal ecosystems" and the term is used to distinguish carbon sequestered in marine systems from that of terrestrial "green carbon" systems (Macreadie et al 2019, andsee Mcleod et al 2011). Many countries, for example, China, Australia, UK, and the European Union, are developing blue carbon strategies involving enhancing blue carbon stocks to assist in CDR (Zhang et al 2017, Wu et al 2020, Bertram et al 2021, Frigstad et al 2021; Fig. S12).…”
Section: Carbon Dioxide Uptake and Timescales Of Storage By Terrestri...mentioning
confidence: 99%
“…The natural capital of the ocean is vast and deep, and ocean services are often taken for granted and used for free, with their damage unrecognized and uncompensated (Baker, Ramirez‐Llodra & Tyler, 2020). The ocean urgently needs comprehensive natural capital accounting (Bertram et al, 2021) and imaginative and effective funding and financing mechanisms to support ocean biodiversity and climate action by all nations (Thiele & Gerber, 2017; Sumaila et al, 2020). Crucially, in an age of global connectivity (Arvis & Shepherd, 2013), everyone must work together to ensure that a sustainable blue economy based on the Sustainable Blue Economy Finance Principles (United Nations Environment Programme Finance Initiative (UNEP‐FI), 2020) not only prevents any further damage and destruction of ecosystems and underlying services, but also restores and improves ocean health locally and globally.…”
Section: Why It Is Critical To Fully Recognize the Key Role That The ...mentioning
confidence: 99%
“…Seagrass meadows are among the most widely distributed coastal ecosystems in the world, and play a crucial role in the transitional zone between land and sea (Du et al, 2020;Orth et al, 2020). Seagrass ecosystems are recognized as the most productive ecosystems with an annual carbon sequestration potential as high as 43.9 ± 12.1 MtC yr −1 (Bertram et al, 2021), and provide US$100 million per year to the world's blue economy (Stockbridge et al, 2020). However, in recent years, the structure and function of seagrass ecosystems have been threatened by multiple global stressors caused by human activities and climate change, resulting in pervasive and continuous degradation of seagrass meadows across the world (Waycott et al, 2009).…”
Section: Introductionmentioning
confidence: 99%