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Sustainable Oceans Management Under the Vision of Carbon Neutrality

Economic activities related to oceans, seas, and coasts – the so-called ocean economy – covers a wide range of interlinked established and emerging sectors. The value of the global ocean economy is an estimated US$ 2.5 trillion annually, equivalent to the size of the world’s seventh-largest economy. The long-term potential for innovation, employment creation and economic growth offered by the ocean economy in the future is impressive, but it is important to note that the ocean economy is highly dependent on the marine spatial environment and resource endowment. Essentially, its economic value is determined by the value of the products and services provided by the marine space and its ecosystem.

The Special Policy Study on sustainable blue economy towards carbon neutrality (SPS Ocean Governance) aims in the current CCICED 5-year phase (phase VII) to study and recommend governance systems, blue finance systems and green technologies which can contribute to accelerate the SBE, in the context of carbon neutrality as an opportunity for transformation into sustainable blue economy. It also aims to examine the current blue economy framework and needs and tools for carbon neutrality goals in the context of the overarching goals of the SPS Ocean Phase VII. And finally, it will investigate how co-existence and synergies across ocean industries can strengthen both the blue economy and the development towards carbon neutrality.

Task Force: - Topic: Water and Oceans Year: 2024 Phase: Phase VII (2022-2027) Active

Sustainable Oceans Management Under the Vision of Carbon Neutrality
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Sustainable Oceans Management Under the Vision of Carbon Neutrality
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