LIFE BELOW WATER

Oceans, along with coastal and marine resources, play an essential role in human well-being and social and economic development worldwide. They are particularly crucial for people living in coastal communities, who represented 37 per cent of the global population in 2010. Oceans provide livelihoods and tourism benefits, as well as subsistence and income. They also help regulate the global ecosystem by absorbing heat and carbon dioxide from the atmosphere and protecting coastal areas from flooding and erosion. In fact, coastal and marine resources contribute an estimated $28 trillion to the global economy each year through ecosystem services. However, those resources are extremely vulnerable to environmental degradation, overfishing, climate change and pollution. The sustainable use and preservation of marine and coastal ecosystems and their biological diversity is essential to achieving the 2030 Agenda, in particular for small island developing States.

The expansion of protected areas for marine biodiversity and existing policies and treaties that encourage responsible use of ocean resources are still insufficient to combat the adverse effects of overfishing, growing ocean acidification due to climate change and worsening coastal eutrophication. As billions of people depend on oceans for their livelihood and food source and on the transboundary nature of oceans, increased efforts and interventions are needed to conserve and sustainably use ocean resources at all levels.

Member companies & Organizations