All around the world, countries are looking to transition to a 'green' economy that is low in carbon, socially inclusive and resource efficient. In its simplest form, 'green' has become short for a sustainable social, environmental and economic future.
While the world's attention has been caught by the direct terrestrial implications of the green agenda, the 'blue economy' has not been prioritized to date. The 'green' economy should include the sustainable use of oceanic resources, but the pivotal role of the oceans in limiting temperature rises and stimulating socioeconomic development has been comparatively absent from the transition towards a green global economy.
The 'blue economy' is central to the green ecosystem: oceans influence all natural cycles and are also directly or indirectly involved with all economic sectors. Oceans produce up to 80 percent of the oxygen we breathe, while nearly 40 percent of the world's population depend on marine and coastal biodiversity for their livelihoods. For these reasons, the 'blue' component of the 'green' transition to a more sustainable global economy cannot be overlooked.
In this report, we consider how leading corporates and investors can take action to capture the value that can be found in a healthy, sustainable ocean economy. We discuss the importance of the oceans to 'green' business ambitions, including: