World Ocean Outlook 2023: Building on the Ocean Momentum

World Ocean Initiative, The Economist Impact

World Ocean Outlook 2023: Building on the Ocean Momentum
Ivan Bandura on Unsplash

The blue economy was valued at an estimated US$2.5trn annually before the outbreak of covid-19, equivalent to the gross domestic product (GDP) of the world’s eighth-largest economy. But the health of the ocean—and therefore the rest of the planet—hangs in the balance. Climate change, pollution, resource extraction and other destructive human activities are harming marine ecosystems and their ability to sequester CO2 emissions and produce oxygen, as well as to sustain ocean industries such as food production.

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