Tag: seabank

New Report Says SEAK SeaBank Contributes Billions to Area Economy
Fishermen's News Online, News

New Report Says SEAK SeaBank Contributes Billions to Area Economy

A new report highlighting the value of Southeast Alaska’s terrestrial and marine environment, including its commercial fisheries, concludes annual economic dividends from fisheries and tourism to its communities are valued at $1 billion and 16,500 jobs. The 2024 Seabank Annual Report, released Nov. 17 by the Alaska Sustainable Fisheries Trust in Sitka, notes that in 2024 the SeaBank had a value of $5.3 billion in ecosystem services such as marine nurseries and wetland buffers from 850,000 acres of estuaries and 2.7 billion metric tons of carbon sequestered in the SeaBank forest. The report also identifies as threats to that natural capital industrial logging, trawling, mining and climate change. “This incredible bank supports over 72,000 human shareholders’ in 33 communities, alo...
SeaBank Report Quantifies Economic Importance of Fisheries to Southeast Alaska
Fishermen's News Online, News

SeaBank Report Quantifies Economic Importance of Fisheries to Southeast Alaska

A new economic report issued in early May by the Alaska Sustainable Fisheries Trust (ASFT) in Sitka underscores the importance of coastal ecosystems, fisheries, forests, waterways and wildlife to the economy of Southeast Alaska. The report focuses on recent research related to climate change impacts on Southeast Alaska, including projections for much warmer temperatures under different greenhouse gas emissions scenarios, and identifies mitigation measures that would prove helpful in protecting the SeaBank’s green and blue carbon. The term “SeaBank” was coined by ASFT to describe Southeast Alaska’s diverse coastline, stretching 500 miles from Metlakatla to Yakutat, an interconnecting network of land, water, vegetation, wildlife, resources, economies and culture. ASFT launched the SeaBa...