The ocean makes a large and growing contribution to the global economy. Yet the ocean economy is a long way from becoming a truly sustainable “blue” economy. To achieve this transformation, huge quantities of capital are required to meet challenges such as restoring coastal ecosystems, developing low-carbon shipping fuels and boosting sustainable seafood.
Ocean temperatures reached their highest level ever recorded in 2019. Meanwhile, the World Economic Forum's top five risks for 2020 (released ahead of Davos) are all climate-related. I was interviewed on TRT World to discuss how the ocean can provide both climate risks and opportunities.
Safeguarding and harnessing the ocean’s ability to provide for people and the planet is crucial for sustainable development. The year 2020 could be the year in which the world starts to realise that its prosperity depends on building a new—truly blue—ocean agenda.