Ocean Contributes Billions of Dollars to BC Economy: Study
A University of British Columbia study concludes that ocean waters contributed nearly $5 billion to the provincial gross domestic product in 2015, and that the sum is likely an underestimate, as it included only sectors most closely linked to the ocean.
But the initial estimate raises additional questions, a starting point for policy to generate some sort of informed decision, said authors of the report published in the free online journal MDPI (Multidisciplinary Digital Publishing Institute).
The authors suggest that their estimate could be used by non-economists to work out a baseline of what oceans contribute to the economy, as part of achieving the United Nations’ goal of sustainable oceans by 2030.
Senior author Rashid Sumalia, a professor at UBC’s Institute for the Ocean...