Protecting the ocean could boost economy by $900B, says WWF
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More than $920 billion could be generated by 2050 and 180,000 jobs created by expanding the ocean's protected zones, according to a study published on Thursday by conservation group World Wide Fund for Nature (WWF). "Every dollar invested to create marine protected areas commonly known as MPAs - is expected to be at least tripled in benefits returned through factors like employment, coastal protection, and fisheries," the campaign group said in a press release. Research by Amsterdam's VU University, commissioned by the WWF, said the economic benefits of protecting more of the oceans would greatly exceed the costs, by easing the damage from overfishing, pollution and other environmental factors.
Protecting the ocean could boost economy by $900B, says WWF. (2015, June 5). Business World, p. S1/9.
Environmental protection; Economics; Protected areas; Marine parks; Coastal zone management; Fisheries; Fishery economics; Overfishing; Pollution; Environmental factors; Conferences; Ecotourism; Recreation; Coastal zone; Climatic changes; Carbon dioxide; Sustainable development; World Wide Fund for Nature; Amsterdam's VU University
- BusinessWorld