The ocean is facing multiple threats – climate change, ocean acidification, overfishing, and marine pollution, to name a few. To ensure its long-term economic, social and environmental value for future generations, it requires protection. We are working to protect 30% of the ocean by 2030 in Marine Protected Areas to ensure a sustainable ocean for generations to come.
Alternative livelihoods to support communities and nations to protect ocean assets are critical.
A Blue Economy approach offers benefits for marine ecosystems and nations with large Economic Enhancement Zones (EEZ), as well as the benefits we all derive from the ocean, globally. This approach supports sustainable development alongside ecosystem management. A Blue Economy can ensure that there is a balanced approach to the management and preservation of vital ocean resources.
Strategies for increasing catch value, protecting stock, and supporting fishers and other ocean livelihoods.
“Sustainable fishing means leaving enough fish in the ocean, respecting habitats and ensuring people who depend on fishing can maintain their livelihoods.”
- Marine Stewardship Council
179 million tons
people employed in fisheries
global fish production in 2018
Maintaining profits and economic growth for a prosperous future.
Using best available information to make informed decisions.
Engaging ocean stakeholders and communities to ensure all voices are heard and represented.
Prioritizing environmental protection, economic prosperity, and societal wellbeing.
"There is growing evidence that when fisheries are properly managed, stocks are consistently above target levels or rebuilding, giving credibility to the fishery managers and governments around the world that are willing to take strong action."
Gain a deep understanding of a state's Blue Assets to formulate a narrative.
Identify one high-impact idea that can lead the Blue Economy and create strategies for implementation.
Implement, monitor and evaluate Blue Economy strategies.
Federated States of Micronesia
Our team gained approval from the Program Taskforce in July 2021 to proceed with a blended scenario for the Blue Economy approach. We will be shaping which projects are prioritized as part of this process.
We are currently scoping the design and implementation of a Blue Finance Facility to support the growth of Blue Economy projects in Bermuda. Initial scoping reports on key sectors have been undertaken and will go to public consultation in early 2022.
Dr. Pablo Granados-Diesseldorf
Sustainable Fisheries Director
Marine fisheries conservation and management expert with 20+ years experience government, industry, academia, and civil society.
Scientist with extensive experience creating portfolios of science-based projects to support MSP and the designation and placement of marine protected areas.
"We cannot rely on fishing exports, or tourism or extraction alone - we must be creative, inclusive, and broaden our understanding of health, wellbeing and prosperity.
- His Excellency David W. Panuelo
President of the Federated States of Micronesia
The Potential of the Blue Economy - World Bank (2017)
Principles for a Sustainable Blue Economy - World Wildlife Fund (2015)
The Blue Economy: Growth, Opportunity and a Sustainable Ocean Economy Briefing Paper - The Economist (2015)