Time to rethink humanity’s relationship with the oceans
The COVID-19 pandemic exposed the fragility of economic systems focused solely on economic growth.
With the value of the ocean economy predicted to double from USD$1.5 trillion in 2010 to an estimated USD$3 trillion by 2030, experts are calling for a more sustainable approach when it comes to exploiting coastal and marine resources.
They argue it is possible to both use the oceans to support economic growth and employment, while also protecting them for decades to come — a concept known as the blue economy.
As the planet marks United Nations World Oceans Day on 8 June, experts say more investment, further research and rethinking our relationship with the oceans is required to realise the full potential of the deep blue sea.
Editors Note: In the story “Blue economy” sent at: 07/06/2023 16:41.
This is a corrected repeat.