Rashid Sumaila, Mansi Konar, Ben Hart and Melissa Walsh, World Resources Institute
The ocean is a cornerstone of the global economy and a critical source of resources for the world’s growing population. It provides food, jobs and livelihoods to over three billion people, facilitates global trade and creates a home for the nearly 2.4 billion people who live in coastal areas. Before the COVID-19 pandemic, forecasts suggested that the ocean economy could provide economic growth opportunities over the coming decade, creating $3 trillion annually in gross value added by 2030. However, investment into the ocean economy is drastically low. Just 1% of the ocean economy’s total value was invested in sustainable project through philanthropy and official development assistance over the last ten years.
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