The socio-cultural valuation team in the Irish Sea BBT have been busy with fieldwork the last few months. To understand the non-monetary benefits of the coast and sea--such as sense of place, recreation, and local identity--we need to get familiar wi...
About the project
We will progress substantially beyond the current state-of-the-art understanding of the causes and consequences of the maintenance, loss and gain of biodiversity and ecological and economic value and the repercussions of this for the management and governance of European seas.
Involving 23 highly experienced partners, the project outputs and outcomes are based on developing and validating a set of ecological, economic and socio-cultural valuation tools using existing and new information and data in 12 Broad Belt Transect case studies.
These cover the breadth of European marine biodiversity, from the Arctic to semi-tropical areas, across dominant habitats and iconic species, and from shallow to deep areas and encompass a range of socio-economic contexts.
As such, and through stakeholder co-creation for policy relevance, MARBEFES shows the tools to value different natural capital resources and inform planning from financial allocations to management and with monetary and non-monetary benefits.
In this, the project advances our knowledge through linking marine biodiversity and its ecological structure and functioning to ecological and economic valuation.