Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240209 
Year of Publication: 
2021
Citation: 
[Journal:] Nature Climate Change [ISSN:] 1758-6798 [Volume:] 11 [Issue:] 8 [Publisher:] Springer Nature [Place:] London [Year:] 2021 [Pages:] 704-709
Publisher: 
Springer Nature, London
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.
Subjects: 
Climate-change mitigation
Economics
Marine biology
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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