During Capitol Hill Ocean Week 2020, organised by the National Marine Sanctuary Foundation, I moderated a great plenary panel discussion on the high seas. I was joined by six experts on ocean governance to discuss the prospects for a new high seas treaty.
On World Oceans Day I moderated a great webinar on the importance of ocean investment. The webinar also included the screening of the premiere of a new Economist film featuring Sir David Attenborough and other leading ocean thinkers.
The World Trade Organisation expects global trade to fall by up to a third in 2020 as covid-19 disrupts supply chains, economic activity and life around the world. The effects on the ocean economy are profound. On May 12th I moderated a World Ocean Initiative webinar to discuss the prospects for the post-coronavirus ocean economy.
With the world battling the coronavirus pandemic, everyone’s first thoughts are for their families and loved ones. I hope all readers are staying safe in these challenging times. The crisis is also having an impact on something else that we all care about—the ocean.
Building a sustainable ocean economy requires brave pioneers and ocean protectors. This month the World Ocean Initiative launched a new season of The Protectors film series and called for nominations for the World Ocean Tech and Innovation Summit.
Climate change, plastic pollution and ecosystem destruction—the ocean faces many risks. Homes, businesses and investments are threatened by extreme weather, exposure to toxic chemicals and loss of resources. Innovation in ocean-based sectors can provide solutions to these problems, turning risks into opportunities.
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.