From COVID-19 to Green Recovery with natural capital accounting.

The COVID-19 pandemic and related social and economic emergencies induced massive public spending and increased global debt. Economic recovery is now an opportunity to rebuild natural capital alongside financial, physical, social and human capital, for long-term societal benefit. Yet, current decision-making is dominated by economic imperatives and information systems that do not consider society's dependence on natural capital and the ecosystem services it provides. New international standards for natural capital accounting (NCA) are now available to integrate environmental information into government decision-making. By revealing the effects of policies that influence natural capital, NCA supports identification, implementation and monitoring of Green Recovery pathways, including where environment and economy are most positively interlinked.

Quantification and Valuation of Nitrogen Removal Services Provided by Commercial Shellfish Aquaculture at the Subwatershed Scale.

Eutrophication is a global environmental challenge, and diverse watershed nitrogen sources require multifaceted management approaches. Shellfish aquaculture removes nitrogen, but the extent and value of this ecosystem service have not been well-characterized at the local scale. A novel approach was employed to quantify and value nitrogen reduction services provided by the shellfish aquaculture industry to a municipality. Cultivated hard clam and eastern oyster nitrogen removal in Greenwich Bay, Connecticut, was valued using the replacement cost methodology and allocated by municipal nitrogen source. Using the preferred analysis allocating replacement costs by nitrogen source, aquaculture-based removal of 14 006 kg nitrogen was valued at $2.3-5.8 (2.3-6.4€) million year-1. This nitrogen removal represents 9% of the total annual Greenwich-specific nitrogen load, 16% of the combined nonpoint sources, 38% of the fertilizer sources, 51% of the septic sources, 98% of the atmospheric deposition to the watershed, or 184% of the atmospheric deposition to the embayments that discharge to Greenwich Bay. Our approach is transferable to other coastal watersheds pursuing nitrogen reduction goals, both with and without established shellfish aquaculture. It provides context for decisions related to watershed nitrogen management expenditures and suggests a strategy to comprehensively evaluate mechanisms to achieve nitrogen reduction targets.

Dynamically linking economic models to ecological condition for coastal zone management: Application to sustainable tourism planning.

While the development of the tourism industry can bring economic benefits to an area, it is important to consider the long-run impact of the industry on a given location. Particularly when the tourism industry relies upon a certain ecological state, those weighing different development options need to consider the long-run impacts of increased tourist numbers upon measures of ecological condition. This paper presents one approach for linking a model of recreational visitor behavior with an ecological model that estimates the impact of the increased visitors upon the environment. Two simulations were run for the model using initial parameters available from survey data and water quality data for beach locations in Croatia. Results suggest that the resilience of a given tourist location to the changes brought by increasing tourism numbers is important in determining its long-run sustainability. Further work should investigate additional model components, including the tourism industry, refinement of the relationships assumed by the model, and application of the proposed model in additional areas.