World Ocean Summit 2020
Dates: March 9, 2020 - March 10, 2020
Location: Tokyo, Japan
A new ocean agenda is taking shape. New waves of investment in the “blue economy” are rising. Ambitious national strategies are encouraging the development of industries such as bio-prospecting, sustainable aquaculture, tourism and deep-sea mining. The OECD estimates that the ocean economy already accounts for 2.5% of global GDP; by 2030 it is projected to double in size to $3trn. New technologies and innovative partnerships suggest that an era of genuinely blue—or sustainable—growth is just around the corner. However, even the most thoughtful and sophisticated national blue-economy plans typically prioritise economic growth over conservation and restoration. The next wave of ocean industrialisation is upon us, yet our understanding of the costs and benefits remains inadequate.