On World Ocean Day, the $32 trillion blue economy needs reframing

HONG KONG (Callaway Climate Insights) — World Ocean Day, observed each year on June 8, is a reminder that the ocean is far more than a scenic backdrop to our lives. It is the beating heart of the planet’s climate system, a primary source of food for billions, and the foundation of a global blue economy valued at more than $32 trillion, with over $3 trillion in annual output.

More than three billion people depend directly on marine biodiversity for their livelihoods, and over 100 million jobs are tied to ocean-related industries such as fishing, tourism, and shipping.

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