Sustainable blue economy vital for small countries and coastal populations
(United Nations News) With the livelihoods of about 40 per cent of the world’s population living at or near a coast, the second day of the UN Ocean Conference under way in Lisbon focused on strengthening sustainable ocean-based economies, managing coastal ecosystems.
The world’s coastal populations contribute significantly to the global economy – an estimated $1.5 trillion per year – with expectations pointing to some $3 trillion by 2030.
Ensuring ocean ecosystem health, supporting livelihoods and driving economic growth requires targeted support for key sectors, including fisheries and aquaculture, tourism, energy, shipping and port activities, and seabed mining, as well as innovative areas such as renewable energy and marine biotechnology.
This is particularly important to small island developing states (SIDS), for whom marine resources are critical assets, providing them with food security, nutrition, employment, foreign exchange, and recreation.
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