Green Economy in a Blue World Seminar 3
Governing the Remote: Green Growth in Offshore Resources
Oceans and coasts support irreplaceable natural, social, and financial capital. Coastal ecosystems
– such as coral reefs, mangroves, salt marshes, and sea grass beds--are highly productive environments at the interface of land and sea.
They protect coastlines, maintain near-shore water quality, serve as nursery grounds for juvenile fish, support tourism, and also act as
natural carbon sinks. These habitats also protect homes, communities, and businesses from storms, sea level rise and storm surges.
Although less economic analysis has been conducted on offshore ocean environments, vast quantities of fish have been extracted for generations and it is