Guest Blog by Yuvan A. Beejadhur: You liked Oceans 11? Wait till you see Oceans 2030
Yuvan A. Beejadhur f ocuses on the ocean economy in the Environment and Agriculture Global Practice. Prior to moving to DC, he worked as a Counsellor at the World Bank’s office to the UN. This blog originally was posted on the world bank group site here. you can follow him on twitter too here . The ocean is a powerful resource and the next economic frontier. WWF estimates that the ocean economy is the 7th largest economy, valued at US$ 24 trillion. With more than 6 million women directly employed in the fishery sector, and global job numbers set to grow to 43 million by 2030, the oceans are roaring. Yet, its natural capital has been systematically undervalued and overdrawn. According to the Bank’s forthcoming Sunken Billions Revisited report, an estimated US$ 83 billion were foregone in 2012 because global fisheries were not managed at an optimum level. Similar sums could be recovered annually if meaningful reforms are adopted, and overfishing is ...