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Oceans cover three-quarters of the globe, and a staggering 80% of all life on Earth is found hidden beneath their waves. They also represent an enormous economic opportunity, which is why the “blue economy” is driven by a combination of growing ocean-based industries and jobs as well as concerns about growing pressures on dwindling marine resources and response to climate change.
While traditional maritime industries such shipping, ports, offshore oil and gas, capture fisheries, maritime and coastal tourism continue to innovate, emerging ocean industries are gaining traction. These industries include offshore wind, tidal and wave energy, seabed mining, marine aquaculture and biotechnology.
However, the predicted growth of the blue economy must not come at the expense of marine ecosystems and biodiversity. As such, a dramatic shift is necessary in how the world develops the ocean’s potentials so as not to compromise the marine resource base on which they rely. A healthy ocean will have more than just economic benefits. It will improve health and well-being, and enhance the resilience of the planet to support a long-term future.
Created a Post in Blue Economy, Climate Change, Sustainable Finance
'Mobile banking boosts fishers’ financial identities and savings' -- With a permanent bank account, fishers can now start to develop a financial identity through their savings transactions and be counted as part of the formal banking sector. In the future, BPI-BanKo and Rare are planning to explore micro-insurance products for fishers, who often suffer the most when typhoons ravage their coastal communities and affect their livelihood. With extreme weather events posing bigger challenges for them, fishers could benefit from financial products that would help them adapt to climate change.
Created a Post in Blue Economy
Hello Every one , Ia m new memebr , my name is Humran , Preisdent The Union of Arab Academics , So ihave been working on project the econmic important of Yemen seas on Read sea and Gulf of Aden and Indian ocean , so we can discuses in that topic ?
The Economist Group and the Nippon Foundation are launching a multi-year initiative on pollution and ocean health -- Back to Blue
Thai Union, one of the world’s largest seafood companies, has announced it is partnering with The Nature Conservancy to raise the standard of tuna transparency worldwide, aiming to implement on-the-water monitoring across its vast supply chain by 2025
How technology can help us achieve at least 30% ocean protection
Created an Opportunity in Natural Capital, Blue Economy
Interesting new report highlighting the critical importance of freshwater fisheries. Check it out!
Created a Post in Sustainable Finance, Blue Economy, Green Recovery from COVID-19
Many SIDS are unable to access official development assistance and international capital markets due to their size, lack of creditworthiness, or high debt levels. As they work to recover from the pandemic, they are tapping into new, innovative financing mechanisms to draw in impact investment and private sector financing.
Capacity Building for Sustainable Marine Research in the Asia-Pacific Region
Developing human capital for successful implementation of international marine scientific research projects