Economic value of ecosystem services at risk from oil spills

October 16th, 2012 | Posted by Lize-Marié van der Watt in News | Publication

Lofoten, Norway. Photo: Maria Noring

The Arctic is a highly important region for future oil extraction and other economic activities, including shipping. Many of the ecosystems in the Arctic are sensitive and already under pressure, and clean-up and recovery processes may be slower there compared to other regions, due to cold water, harsh weather conditions, and long distances between ports and other infrastructure supporting preparedness.

The research project Arctic Games: Interactive development and application of a transdisciplinary framework for sustainable governance options of Arctic natural resources has presented a paper: Economic value of ecosystem services at risk from oil spills at two international conferences: The ISEE conference was directed toward environmental economists (Rio de Janeiro, Brazil, June) and the ESP conference was aimed at ecosystem service professionals (Portland, USA, August).

The paper will be published on-line at KTH and is currently being edited for journal submission. A presentation of this delivery will be held at the Tourism Symposium in Umeå (November). Authors are Linus Hasselström and Åsa Soutukorva, both at Enveco Ltd., Stockholm, Sweden, Scott Cole, EnviroEconomics Sweden Consultancy, Umeå, Sweden, Cecilia Håkansson and Maria Noring, both at Divison of Environmental Strategies Research, KTH Royal Institute of Technology, Stockholm, Sweden and Yulia Khaleeva, CEFIR, Centre for Economic and Financial Research at New School, Moscow, Russia.

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