Imagine if we could put a price tag on how much a healthy ocean actually helps our economy, from cleaning water to supporting tourism. This work creates a toolkit to measure the real value of sea life and habitats across Europe. It helps us understand what happens to the money and benefits when we lose or gain certain species in the water.
Companies and governments struggle to quantify the economic value of marine biodiversity, making it difficult to justify conservation spending or calculate the financial risk of ecosystem loss.
A distributed toolbox (TRL 6) containing ecological, economic, and socio-cultural valuation tools validated across 12 marine case studies.
If you are a resort operator dealing with declining local marine life — this project developed a toolbox that values natural capital resources. This allows you to quantify the monetary benefits of healthy reefs or iconic species for your guest experience.
If you are a consulting firm dealing with complex biodiversity reporting for clients — this project developed valuation tools tested in 12 case studies. You can use these to provide data-backed economic valuations of marine ecosystem services.
If you are a port authority dealing with infrastructure planning and environmental regulations — this project developed a system to assess the value of marine biodiversity. This helps in making financial allocations for management and conservation efforts.
Based on available project data, no specific pricing or cost structure for the toolbox has been disclosed.
The project aims for a TRL 6 distributed toolbox, meaning it is intended to be demonstrated in a relevant environment across 12 case studies.
Based on available project data, there is no mention of specific licensing terms or patent filings.
The tools are designed to inform policy and governance for Member States to value natural and social capital of marine ecosystems.
The project period runs from 2022-09-01 to 2027-02-28, indicating the tools are currently in development and validation.
The consortium is heavily weighted toward research and academia, with 11 research organizations and 9 universities. However, it includes 2 industry partners and 3 SMEs, providing a small but necessary bridge to commercial application. The 15-country spread ensures the tools are validated across diverse European marine environments.
Contact the Institute of Oceanology of the Polish Academy of Sciences
Contact us to explore how to integrate these marine valuation tools into your ESG strategy.
