Economic prosperity and environmental conservation, while often framed as disparate goals, are better viewed as interdependent components of creating a livable future for humanity. Ocean-based industries constitute 3.5% of global GDP and are projected to double in value by 2030. Harnessing ocean solutions to environmental challenges can simultaneously protect the oceans, address climate change, and provide economic benefits to millions of people.
Nurturing a symbiotic relationship between ocean health and economic growth is a foundational tenet of the blue economy—a conception of economic activity that seeks to sustainably use ocean resources to promote the wellbeing of ocean ecosystems, enable economic growth, create jobs, and improve livelihoods. The blue economy encompasses all ocean-related industries, such as maritime transport, fisheries, renewable energy, and tourism.