The Economics of Fisheries Biodiversity: Valuing Natural Capital
Received Date: Dec 02, 2024 / Published Date: Dec 31, 2024
Abstract
Fisheries biodiversity is a critical component of natural capital, underpinning ecological balance, food security, and global economic sustainability. This study explores the economic dimensions of fisheries biodiversity, emphasizing its valuation as a vital natural resource. We analyze the intricate relationship between biodiversity and the productivity, resilience, and adaptability of marine ecosystems, linking these factors to the long-term profitability of fisheries. Utilizing case studies and advanced econometric models, we evaluate the economic benefits of biodiversity conservation, including ecosystem services such as carbon sequestration, nutrient cycling, and coastal protection. Furthermore, we address the challenges of overexploitation, habitat degradation, and climate change, proposing policy frameworks for sustainable management. By integrating ecological principles with economic valuation, this research highlights the imperative of preserving fisheries biodiversity as an investment in global natural capital, ensuring both ecological integrity and economic viability for future generations.
Citation: Samira K (2024) The Economics of Fisheries Biodiversity: Valuing Natural Capital. J Fisheries Livest Prod 12: 609 Doi: 10.4172/2332-2608.1000609
Copyright: © 2024 Samira K. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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