Economic Impact of Gulf of Mexico Ecosystem Goods and Services and Integration Into Restoration Decision-Making

Sustainability of natural resources requires balancing exploitation and conservation, enabled by management based on the best available scientific and economic information. Valuation of ecosystem goods and services is an important tool for prioritizing restoration efforts, recognizing the economic importance of conserving natural capital, and raising public awareness about the contribution of healthy ecosystems to social welfare, now and for future generations. The Deepwater Horizon oil spill (DHOS) in 2010 was a Gulf of Mexico ecological and economic disaster adding to decades-long degradation of the region’s coastal and marine environment. In 2010, revenues from provisioning ecosystem goods and services generated by the five U.S. states bordering the Gulf of Mexico contributed over $2 trillion per year to the nation’s gross domestic product, including$660 billion from the coastal county revenues and $110 billion from ocean revenues. Mexico and Cuba contribute at least another$40 billion per year from their Gulf coastal and ocean economies. Total economic value of Gulf ecosystem goods and services also requires valuation of nonmarket regulating, cultural, and supporting services, which are far more difficult to assess, but add billions more dollars per year. In light of this total economic value and trends in ecosystem stressors, new investment is necessary to ensure completeness, accuracy, and availability of Gulf economic impact data. Civil and criminal settlements related to the DHOS provide unprecedented opportunities for improving integration of ecosystem goods and services into decisions that affect Gulf restoration and sustainability. This paper highlights the economic contributions of Gulf ecosystem goods and services to the nation’s welfare, and recommends actions and investments required to ensure that they are valued, and integrated into decision-making

Towards Integrated Modeling of the Long-term Impacts of Oil Spills

Although great progress has been made to advance the scientific understanding of oil spills, tools for integrated assessment modeling of the long-term impacts on ecosystems, socioeconomics and human health are lacking. The objective of this study was to develop a conceptual framework that could be used to answer stakeholder questions about oil spill impacts and to identify knowledge gaps and future integration priorities. The framework was initially separated into four knowledge domains (ocean environment, biological ecosystems, socioeconomics, and human health) whose interactions were explored by gathering stakeholder questions through public engagement, assimilating expert input about existing models, and consolidating information through a system dynamics approach. This synthesis resulted in a causal loop diagram from which the interconnectivity of the system could be visualized. Results of this analysis indicate that the system naturally separates into two tiers, ocean environment and biological ecosystems versus socioeconomics and human health. As a result, ocean environment and ecosystem models could be used to provide input to explore human health and socioeconomic variables in hypothetical scenarios. At decadal-plus time scales, the analysis emphasized that human domains influence the natural domains through changes in oil-spill related laws and regulations. Although data gaps were identified in all four model domains, the socioeconomics and human health domains are the least established. Considerable future work is needed to address research gaps and to create fully coupled quantitative integrative assessment models that can be used in strategic decision-making that will optimize recoveries from future large oil spills