Ocean Economy and Sustainability Development
(Sources: WEF, UNEP, UNESCAP, UNOPS, UN, WRI, SDG)
• Oceans, vital to life, hold a ≈US$24T value and generate ≈US$2.5T yearly, but face urgent threats putting this at risk.
• Key services include carbon sequestration, coastal protection and fisheries.
• Achieving SDG 14 by 2030 requires ≈US$175B annually, yet from 2015–2019, total investment was under US$10B, just a small fraction of what's needed.
• Without smarter management and major new investment, we risk crossing irreversible ocean tipping points, some of which may already be approaching.
• While Industry 5.0 may increase initial costs, it can drive efficiencies that reduce overall investment needs.
• That said, substantially increased investment in emerging technologies may be essential to reverse current trends.
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NETWORK
Advanced Marine Telemetry System
Closes the Gap Between Ocean Change and Human Response