Oceans support approximately 40% of the world’s population that resides near the coastlines.
The ocean is one of the natural sources that covers two-thirds of the earth’s surface, supporting approximately 40% of the world’s population that resides near the coastlines and creating a new type of economy called the ocean economy, also known as the blue economy.
The blue economy, as defined by the World Bank, is the “sustainable use of ocean resources for economic growth, improved livelihoods, and jobs, while maintaining the health of the ocean ecosystem.”
According to the World Wildlife Fund, the ocean resources and global ocean assets are worth more than $24 trillion, based on direct output from marine fisheries, coral reefs, seagrass, and mangroves; carbon absorption; trade and transport; and productive coastline. These assets have generated an…