OECD warns of threats to $2.3 trillion ocean economy

The OECD has highlighted significant risks to the $2.3 trillion ocean economy, including climate change, territorial disputes, and illegal activities. Oceans, which support over 3 billion people, account for 80% of global trade and house the infrastructure for 98% of global internet traffic, face growing pressures. While the ocean economy doubled in value from 1995 to 2020, the report warns that without stronger protections and governance, its future growth could be jeopardised. International collaboration and action are essential to ensure the blue economy remains sustainable.

Read the full article to discover how businesses can navigate these challenges and drive the sustainable growth of the ocean economy.