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Socio-Economic value of the marine
ecosystem service of gas and climate
regulation
Eleanor Carter-Silk
Outline

• Background
• Why is socio-economic valuation important?
• Explanation of ecosystem services
• Previous work valuing gas and climate
  regulation
• The scope of my project
• How it fits into the big picture
Me
•   Ocean Science BSc Hons
•   Started PhD in October 2010
•   Funded by UKERC
•   Part of UKERC Sparks early career network

Supervisory Team:

    Dr Melanie Austen (PML)
    Dr Nicola Beaumont (PML)
    Dr William Cheung (UEA)
    Dr Kevin Hiscock (UEA)
Why is socio-economic valuation
important?

• Taking into account the value of marine
  resources allows improved management
   – No longer treating the marine environment as “free”


• Spatial planning
Ecosystem Services
                     Provisioning



                     Supporting



                     Regulating



                     Cultural
“Gas and climate regulation”
• The balance and maintenance of the chemical
  composition of the atmosphere and oceans by
  marine living organisms (Beaumont et al., 2007)

• The regulation of atmospheric chemical
  composition e.g. CO2/O2, O3, and SOx levels.
  The regulation of global temperature,
  precipitation, and other biologically mediated
  climatic processes e.g. GHG regulation and
  DMS production (Costanza et al., 1997)
Previous studies valuing gas and
 climate regulation
Scope              Method               Limitations and     Reference
                                        Assumptions
Global valuation   Detailed             Over                Costanza et al,
of ecosystem       Literature review    simplification of   (1997)
services           and carbon cycle     the carbon cycle
                   estimates
UK valuation of    Estimates of         Only considered     Beaumont et al.
biodiversity and   primary              Primary             (2007, 2008)
ecosystem          production           Productivity
services
Regulatory         SeaWiFS and          Only considered     Mangi et al.
services in the    literature search    Primary             (2010)
Isles of Scilly    of carbon fixation   Productivity
                   by benthic
                   producers
Carbon produced
            Climate change                 through production




           Steady state of   Carbon           Marine                    Change in Carbon
ATM
exchange     carbon flow     Burial       renewable energy                  Budget




           Ecosystem
            Change                        Carbon not produced
                                      by avoiding use of fossil fuels
Air sea exchange




                       Remineralisation

                                                       Presence of fish/fishing
       Food Web
                                                     Flow of nutrients

                                                 Hydrodynamics

       Burial of POM                      Benthic community structure
Carbon produced
            Climate change                      through production




           Steady state of   Carbon                Marine                    Change in Carbon
ATM
exchange     carbon flow     Burial            renewable energy                  Budget




           Ecosystem
            Change                             Carbon not produced
                                           by avoiding use of fossil fuels




    Damage Avoided
                                 Social Cost of carbon               Discounting
      Mitigation Cost
The value of 1 tonne of carbon
    Social Cost of
                          Method               Citation
       carbon
       $23tC-1       Damage Avoided       Franhauser (1994)

        $5tC-1       Damage Avoided          Tol (2005)

       $16tC-1       Moving towards         Stern (2006)
                     cost of mitigation


    $42.04 (2008)    Cost of mitigation      Dec (2009)
    $55.04 (2020)
Carbon produced
              Climate change                         through production




            Steady state of                              Marine                     Change in Carbon
 ATM                           Carbon
              carbon flow                            renewable energy                   Budget
 exchang                       Burial
 e


           Ecosystem
            Change                                  Carbon not produced
                                                by avoiding use of fossil fuels




     Damage Avoided
                                    Social Cost of carbon                   Discounting
      Mitigation Cost




  More accurate determination of change in
              gas and climate
      regulating services and its value



                                                                       Spatial planning
Methodology for policy                                                   decisions
Carbon produced                                         Final
             Climate change                         through production
                                                                                                            Outputs


           Steady state of                              Marine                     Change in Carbon
ATM                           Carbon
             carbon flow                            renewable energy                   Budget
exchang                       Burial
e
                                                                                                            Determination
          Ecosystem                                                                                   of how gas and climate
                                                   Carbon not produced
           Change
                                               by avoiding use of fossil fuels                        regulating service, and
                                                                                                      its value, change under
                                                                                                           different futures
    Damage Avoided
                                   Social Cost of carbon                   Discounting
     Mitigation Cost




                                                                                                      Methodology for policy,
                                                                                                      including spatial policy
                                                                                                             decisions
Summary

   • Gas and climate regulation is one service within
     many
   • Previous work has used only primary production
   • An in-depth knowledge of the movements of
     carbon at the planning scale aids decision
     making
   • Once carbon movement is determined, the price
     of carbon attached is debatable
   • By improving work in this field the value of this
     service can be expressed in policy
Eleanor Carter-Silk: elcs@pml.ac.uk

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Eleanor Carter-Silk Blue Carbon PhD Outline

  • 1. Socio-Economic value of the marine ecosystem service of gas and climate regulation Eleanor Carter-Silk
  • 2. Outline • Background • Why is socio-economic valuation important? • Explanation of ecosystem services • Previous work valuing gas and climate regulation • The scope of my project • How it fits into the big picture
  • 3. Me • Ocean Science BSc Hons • Started PhD in October 2010 • Funded by UKERC • Part of UKERC Sparks early career network Supervisory Team: Dr Melanie Austen (PML) Dr Nicola Beaumont (PML) Dr William Cheung (UEA) Dr Kevin Hiscock (UEA)
  • 4. Why is socio-economic valuation important? • Taking into account the value of marine resources allows improved management – No longer treating the marine environment as “free” • Spatial planning
  • 5. Ecosystem Services Provisioning Supporting Regulating Cultural
  • 6. “Gas and climate regulation” • The balance and maintenance of the chemical composition of the atmosphere and oceans by marine living organisms (Beaumont et al., 2007) • The regulation of atmospheric chemical composition e.g. CO2/O2, O3, and SOx levels. The regulation of global temperature, precipitation, and other biologically mediated climatic processes e.g. GHG regulation and DMS production (Costanza et al., 1997)
  • 7. Previous studies valuing gas and climate regulation Scope Method Limitations and Reference Assumptions Global valuation Detailed Over Costanza et al, of ecosystem Literature review simplification of (1997) services and carbon cycle the carbon cycle estimates UK valuation of Estimates of Only considered Beaumont et al. biodiversity and primary Primary (2007, 2008) ecosystem production Productivity services Regulatory SeaWiFS and Only considered Mangi et al. services in the literature search Primary (2010) Isles of Scilly of carbon fixation Productivity by benthic producers
  • 8. Carbon produced Climate change through production Steady state of Carbon Marine Change in Carbon ATM exchange carbon flow Burial renewable energy Budget Ecosystem Change Carbon not produced by avoiding use of fossil fuels
  • 9. Air sea exchange Remineralisation Presence of fish/fishing Food Web Flow of nutrients Hydrodynamics Burial of POM Benthic community structure
  • 10. Carbon produced Climate change through production Steady state of Carbon Marine Change in Carbon ATM exchange carbon flow Burial renewable energy Budget Ecosystem Change Carbon not produced by avoiding use of fossil fuels Damage Avoided Social Cost of carbon Discounting Mitigation Cost
  • 11. The value of 1 tonne of carbon Social Cost of Method Citation carbon $23tC-1 Damage Avoided Franhauser (1994) $5tC-1 Damage Avoided Tol (2005) $16tC-1 Moving towards Stern (2006) cost of mitigation $42.04 (2008) Cost of mitigation Dec (2009) $55.04 (2020)
  • 12. Carbon produced Climate change through production Steady state of Marine Change in Carbon ATM Carbon carbon flow renewable energy Budget exchang Burial e Ecosystem Change Carbon not produced by avoiding use of fossil fuels Damage Avoided Social Cost of carbon Discounting Mitigation Cost More accurate determination of change in gas and climate regulating services and its value Spatial planning Methodology for policy decisions
  • 13. Carbon produced Final Climate change through production Outputs Steady state of Marine Change in Carbon ATM Carbon carbon flow renewable energy Budget exchang Burial e Determination Ecosystem of how gas and climate Carbon not produced Change by avoiding use of fossil fuels regulating service, and its value, change under different futures Damage Avoided Social Cost of carbon Discounting Mitigation Cost Methodology for policy, including spatial policy decisions
  • 14. Summary • Gas and climate regulation is one service within many • Previous work has used only primary production • An in-depth knowledge of the movements of carbon at the planning scale aids decision making • Once carbon movement is determined, the price of carbon attached is debatable • By improving work in this field the value of this service can be expressed in policy Eleanor Carter-Silk: elcs@pml.ac.uk

Editor's Notes

  1. Illustrate that this is a multi-disciplinary project and therefore this presentation is a call for input
  2. Motivations Multidisciplinary Started in October Influence and engagement Who is UKERC exactly? Explain
  3. You wouldn’t build a house without buying the land first however this isn’t a practice that necessarily occurs in the ocean. Many of us can appreciate that the ocean is worth something but are un-able to picture how you would put a price on it.
  4. Fewer people at PML are directly involved in socio-economic valuation therefore a short overview of why the process of valuation is important. All these are used when you are trying to value an entire ecosystem, I will be focusing only on the regulating service of gas and climate regulation
  5. DMS and other gases are things that will be of interest to members of the audience. I will be looking for their advice in the future.
  6. My research is novel and aims to significantly expand the method by which marine ecosystems are valued for their gas and climate regulating services. Perhaps make the point that with more time available these shortcomings can be rectified and it’s not just an oversight. Costanza: Based on a literature review and estimates of CO 2 absorption by Schlesinger (1991) who state our current understanding of the carbon cycle is incomplete and over 1 Billion tons of C are lost from the “accounts” Beaumont: UK Biodiversity valuation study valued UK gas and climate regulation services at £0.4-8.47 billion using damage avoided method. Only considered primary production Biological role of carbon pump not determined so estimate only relates to natural cycling Mangi: Study of the Scilly Isles using SeaWiFS data and literature search of carbon fixation by benthic producers Fish not taken into consideration Study is difficult to transfer as a “standard method”: Not a major factor in this study but this method is highly affected by Colour Dissolved Organic Matter (CDOM) and turbidity Productivity is related to temperature, water clarity, nutrient availability, competition and grazing. These will not be consistent across the area of study and prevents extrapolation and transferability. I will be looking UK wide, from Estuary to continental shelf with respect to areas that are appropriate for marine renewable energy
  7. Explain that I will be taking into account more than primary productivity – really important!! I am using ERSEM as a first look to carbon fluxes throughout the UK then trying to answer the question what values are important in determining the service of gas and climate regulation. pCO 2 , net carbon flux…? Practice flow of speech between this slide and the next!
  8. What values are important!!!! This slide is very important. This is where I can explain all about the outputs that I would want from a model simulation (not necessarily ERSEM), and a high resolution.
  9. = Policy, re-introduce sparks again and the sense of urgency
  10. = Policy, re-introduce sparks again and the sense of urgency