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Economic value of ecosystem services from the deep seas and the areas beyond national jurisdiction

Year of publication 2020

Place of publication Rome, Italy ;

Pages 135 p.

Author Ottaviani, D.

Publisher FAO ;

Product type Book (stand-alone)

ISBN 978-92-5-132325-0

Series title FAO Fisheries and Aquaculture Circular

Series number No.1210 - C1210

Edition 1

To cite or share https://doi.org/10.4060/ca8340en

Synopsis (short abstract) This circular stems from a study carried out for FAO projects “Sustainable Fisheries Management and Biodiversity Conservation of Deep-Sea Living Marine Resources and Ecosystems in the Areas Beyond National Jurisdiction” (GCP/GLO/366/GFF) and “Deep-Sea Sponge Grounds Ecosystems of the North Atlantic: An Integrated Approach Towards their Preservation and Sustainable Exploitation” (GCP/GLO/679/EC). These projects included outputs related to the economic valuation of goods and services provided by the deep seas in areas beyond national jurisdiction. This study compiled an estimate of the total economic value (TEV) of the deep seas, which considered the provision of deep-water fish, the harvest of precious corals, the use of substances of marine origin as pharmaceuticals, the extraction of deep and ultra-deep oil and the potential mining of mineral resources from the seafloor, carbon sequestration carried out by the deep seas, the importance of scientific research in the deep seas, and touristic activities with submersibles to visit sites such as the Titanic shipwreck. Comprehensively, the TEV assessed for the deep-sea ecosystem as a whole is estimated at USD 267 billion per year. Ninety two percent of the economic value originates from abiotic resources (oil and minerals), 5 percent from biotic resources (fish, corals and pharmaceuticals of marine origin), 2 percent from cultural services (scientific research and tourism/recreation), and 1 percent from carbon sequestration.

Cite this content as:

​Ottaviani, D. 2020. Economic value of ecosystem services from the deep seas and the areas beyond national jurisdiction. FAO Fisheries and Aquaculture Circular No. 1210. Rome, FAO. 

https://doi.org/10.4060/ca8340en

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