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    Oleksiy Vadatursky was worth $450m (£369m), according to a 2020 estimate by Forbes

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Home Topics Environment

Global stock of great whales worth

IMF figures based on whales' contribution to carbon capture

November 29, 2019
in In the news, Policy, Environment, Economy, Sustainability
0
IMF values global wale stock at more than $1 trillion global-stock-of-great-whales-worth-1-trillion

Image from WEF

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The International Monetary Fund (IMF) has estimated the value of a single great whale at more than $2 million – which comes to more than $1 trillion for the current stock of great whales, reports the World Economic Forum.

Over a lifespan of around 60 years, whales – especially great whales, such as right and grey whales – accumulate an average of 33 tonnes of CO2. When they die, they sink to the bottom of the ocean, locking that carbon away for hundreds of years.

By comparison, a tree absorbs up to 48 pounds of CO2 a year.

Part of the carbon capture potential for whales comes down to their role in increasing phytoplankton productivity wherever they go – a phenomenon called the whale pump.

More…

Further reading 

  • Trawling emits as much CO2 as global aviation
  • UN: Reflect nature’s true value in economic policies
  • Ecosystem collapse could wipe trillions from global GDP
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