Protecting the Blue Economy: Preserving Life Below the Sea
Protecting the Blue Economy: Preserving Life Below the Sea The blue economy is estimated to be worth more than US$1.5 trillion per year globally. It provides over 30 million jobs and supplies a vital source of protein to over three billion people. While it has been eclipsed in recent years by a greater focus on the ‘green economy’ (that is, the role of primarily land-based activities in the economic transformation required to transition to a low-carbon future), a renewed interest in the blue economy (also sometimes referred to ‘blue growth’) is indicated by the OECD prediction that the ocean economy may double in size to $3 trillion by 2030 According to the World Bank, the blue economy is the "sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem." Marine life, sea life, or ocean life is the plants, animals, and other organisms that live in the salt water of seas or oceans, or the brackish wate...