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Payments for nutrient uptake in the blue bioeconomy & ndash; When to be careful and when to go for it
KTH, School of Architecture and the Built Environment (ABE), Sustainable development, Environmental science and Engineering.
KTH, School of Architecture and the Built Environment (ABE), Sustainable development, Environmental science and Engineering.ORCID iD: 0000-0003-3745-4092
2021 (English)In: Marine Pollution Bulletin, ISSN 0025-326X, E-ISSN 1879-3363, Vol. 167, article id 112321Article in journal (Refereed) Published
Abstract [en]

Harvesting of marine biomass for various applications may generate ecosystem services that currently lack a market price. One of these is nutrient uptake, which could counteract eutrophication. Market-based instruments (MBIs) such as cap & trade, compensatory mitigation, and payment for ecosystem services could help internalize such positive externalities. However, activities of the blue bioeconomy are diverse. We show that identifiable market characteristics can provide guidance concerning when to use these instruments and not. We find that the activities most suitable for MBIs are those that have positive environmental impacts but that are not (yet) financially viable. For activities that are already profitable on the biomass market, ensuring 'additionality' may be a significant problem for MBIs, especially for cap & trade systems or compensatory mitigation. We provide an overview of how some current biomass options fit into this framework and give suggestions on which biomass types to target.

Place, publisher, year, edition, pages
Elsevier BV , 2021. Vol. 167, article id 112321
Keywords [en]
Blue economy, Payment for ecosystem services, Market-based instruments, Bioeconomy, Eutrophication
National Category
Ecology
Identifiers
URN: urn:nbn:se:kth:diva-298139DOI: 10.1016/j.marpolbul.2021.112321ISI: 000655696000005PubMedID: 33839571Scopus ID: 2-s2.0-85103766550OAI: oai:DiVA.org:kth-298139DiVA, id: diva2:1575250
Note

QC 20210629

Available from: 2021-06-29 Created: 2021-06-29 Last updated: 2022-06-25Bibliographically approved

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Hasselström, LinusGröndahl, Fredrik

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