World Wide Fund For Nature Value Melanesia Ocean, Coastlines At $548 Billion

Organization launches 'Reviving Melanesia's Ocean Economy' report

By Charlene Lanyon

SUVA, Fiji (Fiji Times, Oct. 19, 2016) – The overall value of the ocean and coastlines in Melanesia is about $US548billion ($F1.131 trillion), says World Wide Fund for Nature representative in the Pacific Kesaia Tabunakawa.

While launching the Reviving Melanesia's Ocean Economy: The Case for Action report in Suva yesterday, Ms Tabunakawa said the ocean was a large part of Melanesia's economy and future prosperity than previously understood.

"The report describes the ocean's major role in food production, livelihoods and economic activity and shows that the annual economic output of the ocean in Melanesia is at least $F1.131 trillion, making the ocean economy larger than most of the region's national economies," Ms Tabunakawa said.

"If the ocean in Melanesia were its own economy, the new analysis finds that it would be the third largest in the region, generating about as much annual economic output as Fiji and the Solomon Islands combined.

"The report found that of Melanesia's gross marine product, 56 per cent was a direct output of the ocean, 27 per cent was from adjacent benefits from the ocean such as coastal tourism and 17 per cent from direct services enabled by the ocean, such as marine tourism and the cruise industry."

Ms Tabunakawa said the report was a rallying call to decision-makers across the region to address the negative impacts on the ocean, before it collapsed.

Fiji Times Online.
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