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World's oceans sing 'green-economy' blues

While we’ve focused plenty of attention and energy on the need for a low-carbon economy over the last several years, one big part of the picture often gets overlooked: the world’s oceans.

That’s a major oversight, considering all the sustainability challenges related to the marine environment:

“A worldwide transition to a low-carbon, resource-efficient green economy will not be possible unless the seas and oceans are a key part of these urgently needed transformations,” states the UNEP report, “Green Economy in a Blue World.”

The report offers a number of recommendations for making oceans are included in the economic equation:

  • Better recognition of the oceans’ ecosystem services in policy planning and investment decisions, and better pricing of ocean-based goods and services.
  • Stronger ocean science to identify the many little-understood “links and dependencies in the marine environment.”
  • Better regional and global frameworks to overcome limited power of individual governments to fight the “tragedy of the commons” affecting the world’s oceans.
  • A move away from “brown-economy” subsidies that harm the oceans and their resources.
  • An economic vision that considers not just GDP but issues like equity, security, maintenance of natural capital and other benefits to society.

“Greening our ocean economies is a challenge that needs commitment from each of us — as the individual consumer, investor, entrepreneur or politician,” the report concludes. “For countries, greening their marine economies means diversification, stronger resilience to economic or environmental shocks and sustainable prosperity.”