The ocean economy is booming. But for how long?

Trade and innovation have driven growth, but mounting climate risks, weak governance and underinvestment threaten the sector’s future and the lives of 600 million people worldwide. The ocean economy has grown 2.5 times since 1995, outpacing the global average. In 2023, trade in ocean goods and services hit record highs of $899 billion and $1.3 …

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