PML joins the Global Ocean Accounts Partnership

7 August 2023

GOAP is an international, multistakeholder partnership established to enable countries and other stakeholders to go beyond gross domestic product (GDP) evaluation to measure and manage progress towards ocean sustainable development.

Co-Chaired by the United Nations Economic and Social Commission for Asia and the Pacific and Fisheries and Oceans Canada, GOAP brings together governments, international organisations and research institutions to build a global community of practice for ocean accounting.

Membership of GOAP very much aligns with PML’s work of advancing marine natural capital valuation and accounting practices, currently around carbon and bioremediation, by standardising methodologies and accounting for habitat condition in valuation.

Working towards this, PML recently launched Europe’s first Marine Social & Natural Capital laboratory. Other related projects include FOCUS (Future states Of the global Coastal ocean: Understanding for Solutions), researching blue carbon policy and finance in Malaysia, and the recently concluded BLUE project, looking at the value of blue carbon co-benefits in the UK and their finance mechanisms - look out for the report being released this September.

Dr Olivia Rendón, Senior Environmental Economist at Plymouth Marine Laboratory, commented: “We are excited to be in partnership with GOAP and strongly believe that by improving natural capital and accounting approaches, we can help ensure that the diverse values of the ocean are recognised and properly considered in all social and economic development decision-making for a sustainable ocean future.”
 

Related information

Global Ocean Accounts Partnership (GOAP)