Francesco Ungaro on Unsplash
‘Ocean 100’: Small Group of Companies Dominates Ocean Economy
Nicholas Institute for Environmental Policy Solutions, Duke University
Dubbed the “Ocean 100,” these “ocean economy” companies collectively generated $1.1 trillion in revenues in 2018, according to research published Wednesday in the journal Science Advances. If the group were a country, it would have the world’s 16th-largest economy, roughly equivalent to the gross domestic product (GDP) of Mexico.
“Now that we know who some of the biggest beneficiaries from the ocean economy are, this can help improve transparency relating to sustainability and ocean stewardship,” said lead author John Virdin, director of the Ocean and Coastal Policy Program at Duke’s Nicholas Institute for Environmental Policy Solutions.
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