Natural Capital Accounting: Valuing and Sustaining Our Ocean Assets
The Natural Capital Programme supports the Marine Spatial Plan by identifying, measuring, and integrating the value of Barbados’ marine and coastal ecosystems into planning and decision-making. Valuing and sustaining our ocean assets is essential because healthy ecosystems underpin fisheries, tourism, coastal protection, climate resilience, and livelihoods across the island. The Programme combines ecosystem mapping to understand where key habitats are located, natural capital accounting to track the benefits they provide over time, and economic valuation to link ecosystem health with ocean uses and development pressures. This integrated approach helps ensure ocean resources are managed sustainably, trade-offs are better understood, and long-term benefits to people, the economy, and the environment are maintained.