Geoscience Reference
In-Depth Information
the scope of the current chapter, but the discourse is really important owing to the fact that
the process systematically biases decision-making towards projects and policies that real-
ize more immediate benefits and delay costs; this has a direct impact on inter-generational
equity and thus sustainability.
This core economic modus operandi is well established and well discussed (see Hus-
sain and Gundimeda,
2011
for instance). The aims of this chapter are as follows: (1) to
discuss how valuation can be and has been applied in the EBA to marine management, (2)
the criticisms and limitations of this standard approach, with a particular focus on marine
ecosystems, and (3) a pragmatic example of applying the EBA in valuing the benefits of
UK marine protected areas (MPAs).
