Valuing marine biodiversity for use in decision-making (ValMab-DM)
- Funder: UKRI
- Status: Ongoing (June 2022 - )
- Project lead: Tavis Potts (Co-PI) Nicola Beaumont (Plymouth Marine Laboratory)
- Project team: Plymouth Marine Laboratory (PML), Centre for Blue Governance
- of the University of Portsmouth; eftec; Daryl Burdon Ltd; Solent Forum, Moray Firth Coastal Partnership and Coastal Partnership Network.
- Project summary: To determine novel and policy relevant pluralistic values for marine
- biodiversity and apply these values to co-develop green investment options, leading to a transformative shift in our understanding and utilisation of the economics of biodiversity in the context of achieving a Just Transition to Net Zero. Research objectives are:
- 1. Quantify the linkages between marine biodiversity, natural capital, and ecosystem services, taking quantity (extent), quality (condition), and resilience into consideration.
- 2. Determine the economic and social values associated with carbon sequestration and bioremediation of waste and apply these values to support natural capital accounting frameworks and engage communities in mapping social values and trade-offs.
- 3. Connect the ecological, economic, and social values of biodiversity to decision-making through co-design and implementation of green investment to support a nature positive net zero future.
- Outputs:
- forthcoming