Tag: Ocean economy

Ocean Wealth Valued at USD 24 Trillion, But Sinking Fast

THE value of the ocean’s riches rivals the size of the world’s leading economies, but its resources are rapidly eroding, according to a report released by World Wide Fund for Nature (WWF) on Thursday (April 23). The report, Reviving the Ocean Economy: The case for action – 2015, analyses the ocean’s role as an economic powerhouse and outlines the threats that are moving it toward collapse. The value of key ocean assets is conservatively estimated […]