Ecosystem Services Accounting: An Example | World Ocean Radio

June 18, 2023

Subsidies reshuffled: favoring sustainability over greed.

This week the multi-part RESCUE series continues with a hypothetical tale of investment, manufacture and accounting, and the financial analyses of both sides of the balance sheet: the initial investments and benefits to investors and the long-term debits of extraction, public health, emissions, downstream effect, and what is left behind. What would project proposal budgets look like if all near and long-term costs were included? Would projects be viable and approvable? How would investments, incentives, and subsidies be recalculated? Would the public approve and would such projects be feasible at all?

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Peter Neill

Peter Neill is an author and an editor on environmental and ocean issues, and the founding Director of the World Ocean Observatory, a web-based place for education and information exchange on the health of the ocean. Previously President of the South Street Seaport Museum from 1985-2005, he was tenured as a research associate at the Climate Change Institute, University of Maine in 2015. Neill lives in Sedgwick, Maine, with his wife Mary Barnes, who is an artist and President of the Blue Hill Heritage Trust.