UN forum pushes for emerging 'blue economy

The ocean economy, fisheries and marine environmental protection were front and centre at the United Nations Conference on Trade and Development (UNCTAD) which opened on Thursday night (NZ time) in Geneva. The three-day Oceans Forum is expected to promote a shift to a sustainable ocean economy by facilitating post Covid-19 recovery and resilience. "It is an opportunity to find solutions for using trade as a tool to protect our ocean and its resources, accelerating the implementation of Sustainable Development Goal 14's trade-related targets," said UNCTAD Secretary-General Rebeca Grynspan. The Sustainable Development Goals (SDGs) are a collection of 17 interlinked global goals designed to be "a blueprint to achieve a better and more sustainable future for all" set up in 2015 by the UN General Assembly. The forum will examine how a "Blue Deal" to build a resilient ocean economy will boost trade, livelihoods, and food security, while improving the health of the ocean in the face of increased plastics pollution and carbon emissions. The ocean economy is expected to double in size by 2030, the UN said in a statement. However, more investment is needed to drive new sectors – including seaweed farming for food, cosmetics, and biofuels – that could benefit many island and coastal countries.

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