12 Jul Strategies for Impact Investing in the Blue Economy
The World Bank defines the blue economy as the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of the ocean ecosystem. Coastal communities globally, especially in Asia, sustain themselves on small and medium-sized businesses (‘SMEs’) related to the oceans, such as fisheries and tourism. The OECD notes that the ocean economy is estimated to grow to $3 trillion by 2030. However, the marine ecosystems and the oceans at large are plagued by several issues, including overfishing, the exploitation of marine resources resulting in ocean pollution and biodiversity loss, as well as climate crisis....
