The blue economy is broadly defined as economic activities that have a link to the seas and oceans, as well as the coastal waters. The global blue economy valued at more than $24 trillion, generating at least $2.5 trillion a year - and is forecast to double in size by 2030.
Our seas are essential to our existence. Oceans regulate climate and weather patterns (producing 50% of oxygen) while supporting global food security (20% of all animal protein). But our ocean resources are being exhausted, eroded and degraded. If we fail to ensure sustainable management and development of the blue economy, we could cause irreversible damage to the world's ecosystems.
How can developing countries overcome challenges like unsustainable extraction, destruction of marine and coastal habitats, climate change, rising sea levels and marine pollution? How can we bring our seas back to health so they can exist in harmony with humanity?