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The blue carbon wealth of nations

Author

Listed:
  • Christine Bertram

    (Kiel Institute for the World Economy)

  • Martin Quaas

    (German Centre for Integrative Biodiversity Research (iDiv) Halle-Jena-Leipzig)

  • Thorsten B. H. Reusch

    (Marine Evolutionary Ecology)

  • Athanasios T. Vafeidis

    (Kiel University)

  • Claudia Wolff

    (Kiel University)

  • Wilfried Rickels

    (Kiel Institute for the World Economy)

Abstract

Carbon sequestration and storage in mangroves, salt marshes and seagrass meadows is an essential coastal ‘blue carbon’ ecosystem service for climate change mitigation. Here we offer a comprehensive, global and spatially explicit economic assessment of carbon sequestration and storage in three coastal ecosystem types at the global and national levels. We propose a new approach based on the country-specific social cost of carbon that allows us to calculate each country’s contribution to, and redistribution of, global blue carbon wealth. Globally, coastal ecosystems contribute a mean ± s.e.m. of US$190.67 ± 30 bn yr−1 to blue carbon wealth. The three countries generating the largest positive net blue wealth contribution for other countries are Australia, Indonesia and Cuba, with Australia alone generating a positive net benefit of US$22.8 ± 3.8 bn yr−1 for the rest of the world through coastal ecosystem carbon sequestration and storage in its territory.

Suggested Citation

  • Christine Bertram & Martin Quaas & Thorsten B. H. Reusch & Athanasios T. Vafeidis & Claudia Wolff & Wilfried Rickels, 2021. "The blue carbon wealth of nations," Nature Climate Change, Nature, vol. 11(8), pages 704-709, August.
    • Handle: RePEc:nat:natcli:v:11:y:2021:i:8:d:10.1038_s41558-021-01089-4
    DOI: 10.1038/s41558-021-01089-4
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    2. E. L. Cavan & N. Mackay & S. L. Hill & A. Atkinson & A. Belcher & A. Visser, 2024. "Antarctic krill sequester similar amounts of carbon to key coastal blue carbon habitats," Nature Communications, Nature, vol. 15(1), pages 1-10, December.
    3. Riegel, Simone & Kuhfuss, Laure & Stojanovic, Timothy, 2023. "Nature-based solutions for climate change mitigation: Assessing the Scottish Public's preferences for saltmarsh carbon storage," Ecological Economics, Elsevier, vol. 211(C).
    4. Jakob Johansson & Fredrik Normann & Klas Andersson, 2021. "Techno-Economic Evaluation of Co-Removal of NO x and SO x Species from Flue Gases via Enhanced Oxidation of NO by ClO 2 —Case Studies of Implementation at a Pulp and Paper Mill, Waste-to-Heat Plant an," Energies, MDPI, vol. 14(24), pages 1-18, December.
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    6. Zhang, Tong & Burke, Paul J. & Wang, Qi, 2024. "Effectiveness of electric vehicle subsidies in China: A three-dimensional panel study," Resource and Energy Economics, Elsevier, vol. 76(C).
    7. Alicia Liu & Safdar Khan & Alexandra Bec, 2024. "Navigating the Confluence of Inequality and STEM Equity: An Australian Perspective," Economic Analysis Letters, Anser Press, vol. 3(1), pages 60-68, March.
    8. Saibal Ghosh, 2024. "Do bankers on board fulfill their role? Corporate social responsibility, environmental concerns and firm leverage," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3297-3311, July.
    9. Furszyfer Del Rio, Dylan D. & Sovacool, Benjamin K. & Griffiths, Steve & Bazilian, Morgan & Kim, Jinsoo & Foley, Aoife M. & Rooney, David, 2022. "Decarbonizing the pulp and paper industry: A critical and systematic review of sociotechnical developments and policy options," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
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    11. Sharma, Swati & Ang, James B. & Fredriksson, Per G., 2021. "Religiosity and climate change policies," Energy Economics, Elsevier, vol. 101(C).
    12. Jan Ditzen & Francesco Ravazzolo, 2022. "Dominant Drivers of National Inflation," Working Papers No 08/2022, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    13. Bray, Garrett & Cebon, David, 2022. "Operational speed strategy opportunities for autonomous trucking on highways," Transportation Research Part A: Policy and Practice, Elsevier, vol. 158(C), pages 75-94.
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    15. Tan, Chang & Yu, Xiang & Guan, Yuru, 2022. "A technology-driven pathway to net-zero carbon emissions for China's cement industry," Applied Energy, Elsevier, vol. 325(C).
    16. Jongen, Crystal & Campbell, Sandy & Saunders, Vicki & Askew, Deborah & Spurling, Geoffrey & Gueorguiev, Eva & Langham, Erika & Bainbridge, Roxanne & McCalman, Janya, 2023. "Wellbeing and mental health interventions for Indigenous children and youth: A systematic scoping review," Children and Youth Services Review, Elsevier, vol. 145(C).
    17. Cuicui Feng & Guanqiong Ye & Jiangning Zeng & Jian Zeng & Qutu Jiang & Liuyue He & Yaowen Zhang & Zhenci Xu, 2023. "Sustainably developing global blue carbon for climate change mitigation and economic benefits through international cooperation," Nature Communications, Nature, vol. 14(1), pages 1-10, December.
    18. Hassan, Aakash & Al-Abdeli, Yasir M. & Masek, Martin & Bass, Octavian, 2022. "Optimal sizing and energy scheduling of grid-supplemented solar PV systems with battery storage: Sensitivity of reliability and financial constraints," Energy, Elsevier, vol. 238(PA).

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