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in a given territory; (ii) ecological: measure-  ship: contents relevant to governance and                           Figure 2 provides a better understand-  is worth noting that the marine ecosys-
               ment of its integrity, health and ecological  allocation of degradation costs (UN, 2021).                         ing of the relationships between the ac-  tem must be evaluated in the aforemen-
               condition; (iii) benefit to society: benefits   However, the integration of variables                             counts and the considered ecosystems. It   tioned scope.
               to people, the economy and society – it  characterized as stocks (generally covering
               also encompasses an economic bias when  ecosystem data) to flow variables (especially
               incorporating ecosystem services; (iv) asset  monetary ones) is not trivial, which calls at-                                     Figure 2. The relationship between SEEA-EA accounts
               value: assets that provide services and ben-  tention and highlights the great potential of
               efits in the future, depending on their eco-  the accounting system under development.                                                                       ECOSYSTEM TYPES
               logical status and social demands for eco-  Table 2 presents the relationships of the SEE-                                                     Forests I    Wetlands I Coral reefs I Agricultural land I   ...
               system services; and (v) institutional owner-  EA accounts, in physical and monetary terms.                              ACCOUNTS
                                                                                                                                                                         Opening and closing area
                                      Table 2. Ecosystem accounts                                                                  Extent account                          Ecosystem conversions
                 Account                 Variables      Proposal

                Ecosystem expansion      Physical       Indicators of composition and change in                                    Condition account                   Opening and closing condition
                                                        ecosystem types
                Ecosystem condition      Physical       Measuring an ecosystem’s ability to provide                                Ecosystem services       Supply & Use Provisioning / Regulating & maintenance /
                                                        different ecosystem services; ecological                                   flow accounts                             Cultural services
                                                        integrity                                                                  (Physical & Monetary         Used by: Business / Governments / Households
                Flow of ecosystem services  Physical    TRUs record the flows of final ecosystem
                                                        services provided by ecosystem assets and
                                                                                                                                   Monetary ecosystem                   Opening and Closing Values
                                                        used by economic units                                                     asset account            Ecosystem enhancement and Ecosystem degradation
                                                        Record of flows of intermediary services
                                                        between ecosystem assets                                                                                                                  Source: UN (2021)
                Flow of ecosystem services  Monetary    Ecosystem service estimates are based on
                                                        estimating prices of individual ecosystem
                                                        services multiplied by the physical quantities                           4. Final considerations
                                                        recorded in the physical ecosystem services
                                                                                                                                    The scope of this chapter was to present a   the analyses resulting from such modeling
                                                        flow account
                Monetary ecosystem assets  Monetary     Record information on inventories and                                    concise review of the literature regarding the   enable, for example, the alteration, or else,
                                                                                                                                 main methodologies used to account for the   the creation of more efficient public policies
                                                        changes in asset inventories                                             economy related to the sea and quantify its   for coastal zones and coastal municipalities.
                                                        It is based on the monetary assessment of                                impacts in pioneer and emerging countries in   Among the methods mentioned, two stand
                                                        ecosystem services based on the VPL (NPV)                                this theme. The main objectives that justify   out, namely:  Model IO  and the System  of
                                                        Changes in asset values due to ecosystem                                 the measurement of the contribution, quan-  National Accounts. Although they have their
                                                        enhancement or degradation are also                                      tification and analysis of the inherent impacts   limitations, such as the non-incorporation of
                                                                                                                                 occur within the scope of decision-making   behavioral changes of the agents, they are
                                                        included
                                                                                                                                 by government actors, players and society.  still the most used and with great predictive
                                                                   Source: Adapted from the UN  (2021)                              By transforming data into information,   capacity, making use of National Accounts.


     66   ECONOMIA AZUL                                                                                                                                                              Economy and the Sea: Methods and Indicators 67
     66    BLUE ECONOMY
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