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Introduction...
Natural capital refers to the world's stocks of natural assets, which provide goods and services fundamental to supporting economic development and human well-being. Natural capital accounting provides a structured approach to recording and monitoring the extent and condition of natural resources and ecosystems over time.
In the past, measures of human interactions with natural capital in the marine domain have been restricted to measurements of the income generated for the use of the natural resource, such as income from the sale of wild caught fish. It has long been recognised, though, that focussing solely on measuring income omits changes in the stocks of natural assets, often leading to their mismanagement. This is most clearly seen in the instances of overexploitation of fisheries in the pursuit of income growth. More recently, the physical assessments of marine natural capital accounts are based on the ecosystem condition (compiled from key characteristics) and extent. The NEMO-ERSEM and POLCOMS-ERSEM dataset contains data on lower levels of the marine food web and information concerning marine physics and biogeochemistry, therefore would be useful when considering natural capital accounting.
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