About this Discussion

Oceans cover three-quarters of the globe, and a staggering 80% of all life on Earth is found hidden beneath their waves. They also represent an enormous economic opportunity, which is why the “blue economy” is driven by a combination of growing ocean-based industries and jobs as well as concerns about growing pressures on dwindling marine resources and response to climate change.

While traditional maritime industries such shipping, ports, offshore oil and gas, capture fisheries, maritime and coastal tourism continue to innovate, emerging ocean industries are gaining traction. These industries include offshore wind, tidal and wave energy, seabed mining, marine aquaculture and biotechnology. 

However, the predicted growth of the blue economy must not come at the expense of marine ecosystems and biodiversity. As such, a dramatic shift is necessary in how the world develops the ocean’s potentials so as not to compromise the marine resource base on which they rely. A healthy ocean will have more than just economic benefits. It will improve health and well-being, and enhance the resilience of the planet to support a long-term future.

Blue Economy

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??? NEW ANALYSIS ON NORDIC COMPANIES' OCEAN DISCLOSURE ???

✍️ 73% of Nordic companies do not disclose on oceans
? Just 22% of current ocean disclosure is classified as 'good'
? Half of companies directly operating in the ocean economy are disclosing

How can the financial community assess ocean impacts and dependencies of investments if the #bluedata is not being made available by companies?

We recommend:
✅ Greater investor engagement on ocean disclosure
✅ Companies to adopt common ocean disclosure frameworks and develop science-based impact reduction strategies

Read more of our analysis, by researchers at Copenhagen Business School ?

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https://greendigitalfinancealliance.org/ocean-disclosure-in-the-nordics/
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With the onset of climate change, we are beginning to truly understand what makes our blue planet blue, and the important life-giving functions the ocean has to offer for our very existence. Did you know that our ocean provides more than 60 percent of the oxygen needed for planet earth’s survival?

The ocean is as important to our Blue Planet as oxygenated blood is to our bodies. Every second breath a human takes on earth no matter where they live, comes from our ocean. Simply put: no ocean, no air; no air, no life. And right now, our ocean is telling us, I can’t breathe.

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https://blogs.worldbank.org/voices/world-oceans-day-make-pledge-nurture-nature-so-nature-can-nourish...

In recent months, the global 30x30 campaign to protect 30% of the ocean by 2030 has gained tremendous support, with a number of countries pledging to fulfill this goal. What hasn’t been clear, however, is whether these countries are fully prepared to ensure the target is met in ocean areas beyond national jurisdictions, also known as the high seas.

However, due to the unique governance structure of the Southern Ocean that surrounds the Antarctic continent, there are already ambitious proposals for significant high seas marine protected areas (MPAs). If adopted, these MPAs would collectively protect almost 4 million square kilometers of ocean, including habitat for large numbers of penguins, whales, seals and other unique Antarctic species. This would be the largest act of ocean protection in history.

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https://www.iucncongress2020.org/newsroom/all-news/marine-protected-areas-southern-ocean-critical-fa...

In March, the Institute for Forestry Conservation (ICF)—the Honduran institute in charge of protected areas—declared Honduras’s first and largest community-based ‘managed access’ area in coastal waters and designated it a “Site of Importance for Wildlife”

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https://rare.org/story/a-historic-declaration-charts-a-new-course-for-small-scale-fishers-in-hondura...
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Seabird and marine mammal distribution in the Amundsen Sea, Antarctica, 2010

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http://www.scirea.org/journal/PaperInformation?PaperID=5094

8 million tons of plastic ends up in the ocean each year, endangering wildlife and polluting ecosystems. The issue has worsened during the pandemic. A new legislative guide by UNEP and WRI outlines 4 ways on how the law can be used to tackle plastic pollution and support a circular plastics economy.

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https://wedocs.unep.org/bitstream/handle/20.500.11822/34570/PlastPoll.pdf.pdf?sequence=3&isA...
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Living on the Margin in the Anthropocene: Engagement arenas for sustainability research and action at the ocean-land interface

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http://dx.doi.org/10.1016/j.cosust.2015.06.003