1197 / 2024-09-20 15:28:55

Some practical mechanims to realize the value of eco-products: a case study in Shandong Changdao

Ocean eco-products,local community,Changdao

Session 63 - Blue Economy Accounting and Carbon Emissions Reduction

The value of ocean is broadly known by conservationists and some governmental departments that are directly relevant to ocean. However, policymakers and corporate executives have not had a mechanism to account for the real costs of exploiting ocean resources. The mechanisms for buying-in at the true cost of marine products are thus insufficient. So, while they may have some knowledge of declining fish stocks, coral bleaching or mangrove deforestation, the implications and the scale of the impact on our well-being and prosperity have not sunk in. The real sustainable products or those with indigenous knowledge are also absent.



While we usually link the ocean ecosystem service with sustainable blue economy by qualifying the monetary value in reasonable ways, we identified several principles for high-quality development of the marine economy. This will serve as a foundation for the realization for “eco-product values”.