Ocean Wealth and Value of Arctic Resources

Lead Author Iouri, Oliounine
Institution Contact UNESCO/IOC 7,pl. Fontenoy, 75007, France
Theme Theme 2: Vulnerability of Arctic Societies
Session Name 2.2 Resource development and building capacity in Arctic communities
Datetime Thu, Sep 15, 2016 01:30 PM - 01:45 PM
Presentation Type Oral
Abstract text Oceans and coasts are the key to sustainable development of the world as they can offer us food, resources, jobs, and many other things contributing to all three parts of sustainable development, namely, environmental protection, economic sustainability and social justice.
The wealth of the ocean is immense! An integrated list of the diversity of the ocean wealth will be demonstrated and its limitations identified. To improve understanding of marine/coastal resources use and socio-economic factors there is a need for sustainable sound policy for the oceans and coasts which should recognize the value of ocean resources. The estimates of the combined value of the ocean-dependent and ocean-related industries will be presented and comparison will be made of the input of the coasts and ocean economies to the global economy with the terrestrial input.
Special attention will be given to one area of ocean economy that has not been collectively managed or examined. It is the contribution of marine science/research, technology development and education to enduring social, environmental and economic wealth from oceans and coasts.
The second part of the presentation will be dedicated to Arctic resources and its value with a focus on values of non-living (oil and gas, minerals) and living resources (fishery, mammals), shipping and tourism. Estimates will be given and risks of investments discussed. Need to explore and develop strategies to understand the far-reaching negative impacts of over exploitation of resources, of climate change impacts and calculate risks of increased pressures on environment and sustainable development of the Arctic will be emphasized.
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