You are here

ecosystem services

Destroying reefs via the 'one-two' of climate change and locally unregulated fishing will hit the economies of dozens of countries.

This piece originally appeared on The Guardian.

People around the world enjoy coral reefs as places of recreation and wonder. But few appreciate that reefs are also an economic pillar for many countries.

Take, for example, the Caribbean nation of Belize. A recent analysis by several of my colleagues concluded that the country's coral reefs contribute the equivalent to 10 to 15 per cent of the nation's GDP, primarily through tourism and fisheries. Likewise, the avoided damage to buildings and infrastructure that reefs provide by serving as a "speed bump" for tropical storms equates to the same GDP percentage.

Reefs at Risk Revisited

This report provides a detailed assessment of the status of and threats to the world's coral reefs. It evaluates threats to coral reefs from a wide range of human activities, and includes an assessment of climate-related threats to reefs. It also contains a global assessment of the...

Do the revised reporting guidelines for the oil and gas industry go far enough?

Last month IPIECA, the global oil and gas industry association for environmental and social issues, along with the American Petroleum Institute (API) and the International Association for Oil and Gas Producers (OGP) released their revised guidance on corporate sustainability reporting. This was the first update to the guidance since 2005.


Stay Connected