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