Pro­tec­tion of ocean could cre­ate US$900 bil.: WWF

The China Post - - INTERNATIONAL -

More than US$920 bil­lion could be gen­er­ated by 2050 and 180,000 jobs cre­ated by ex­pand­ing the ocean’s pro­tected zones, ac­cord­ing to a study pub­lished Thurs­day by con­ser­va­tion group WWF.

“Ev­ery dollar in­vested to cre­ate marine pro­tected ar­eas — com­monly known as MPAs — is ex­pected to be at least tripled in benefits re­turned through fac­tors like em­ploy­ment, coastal pro­tec­tion, and fish­eries,” the cam­paign group said in a press re­lease.

Re­search by Am­s­ter­dam’s VU Uni­ver­sity, com­mis­sioned by the WWF, said the eco­nomic benefits of pro­tect­ing more of the oceans would greatly ex­ceed the costs, by eas­ing the dam­age from over­fish­ing, pol­lu­tion and other en­vi­ron­men­tal fac­tors.

The re­searchers es­ti­mated that be­tween US$490 bil­lion and US$920 could be gen­er­ated in the next 35 years by ex­pand­ing pro­tected marine ar­eas, a process that could also cre­ate be­tween 150,000 and 180,000 jobs.

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