Marine and coastal accounts for Small Island Developing States: A case study and application in Grenada

Mengo, Elena, Grilli, Gaetano ORCID: https://orcid.org/0000-0003-1376-167X, Luisetti, Tiziana, Conejo Watt, Heather, Harper Jones, Cherry and Posen, Paulette (2022) Marine and coastal accounts for Small Island Developing States: A case study and application in Grenada. One Ecosystem, 7. ISSN 2367-8194

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Abstract

In recent decades, a concerted effort has been made to define methodologies and frameworks to account for the contribution of the natural environment to national wealth and its role in fulfilling societal and economic needs. The linkages between natural capital and human well-being are even stronger in low-income and vulnerable countries, such as Small Island Developing States (SIDS). This is particularly true for coastal and marine ecosystems and for SIDS, considering that a large portion of their population live along the coast. Therefore, SIDS would greatly benefit from systematically assessing and recording the condition and services provided by marine and coastal habitats in ecosystem accounts. Applications of accounting frameworks to marine and coastal habitats, however, are still under development. Through a case study in the Caribbean Island of Grenada, we explore SIDS readiness to develop marine and coastal natural capital accounts, in particular framed within the guidelines of the United Nations System of Environmental-Economic Accounting Ecosystem Accounting (SEEA-EA). We find that, while data to compile accounts of ecosystems extent exist and may be suitable for accounting, data related to ecosystem condition are very limited. Data gaps significantly constrained the potential approaches to estimate the ecosystem services supply provided by the coastal and marine environment in our natural capital accounts for Grenada. Our case study investigation brings us to suggest initial steps for the development of ecosystem accounts in SIDS, including potential methodologies and approaches and discuss how developing a set of coherent accounts can play a key role in incorporating nature into decision-making.

Item Type:	Article
Uncontrolled Keywords:	sdg 14 - life below water ,/dk/atira/pure/sustainabledevelopmentgoals/life_below_water
Faculty \ School:	Faculty of Science > School of Environmental Sciences Faculty of Social Sciences > Norwich Business School
UEA Research Groups:	Faculty of Science > Research Centres > Centre for Social and Economic Research on the Global Environment (CSERGE) Faculty of Science > Research Groups > Collaborative Centre for Sustainable Use of the Seas Faculty of Social Sciences > Research Groups > Finance Group
Depositing User:	LivePure Connector
Date Deposited:	28 Oct 2023 01:23
Last Modified:	30 Sep 2024 00:24
URI:	https://ueaeprints.uea.ac.uk/id/eprint/93500
DOI:	10.3897/oneeco.7.e84865

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