News / #blue economy
Massive investment is needed to deliver the promise of the Ocean Decade, write four researchers.
Despite their huge potential as blue carbon sinks, the majority are under threat from the cultivation of palm oil, rice and aquaculture at current carbon prices, on top of cyclones and sea-level rise over the next century, researchers warn.
A new natural capital accounting law and approved global carbon market trading rules could drive nature-based solutions. Eco-Business examines six key trends in the Philippines' push for decarbonisation and a just transition.
Prominent aquanaut Fabien Cousteau urges caution in putting a price on marine ecosystems, arguing that too many actors in the blue carbon economy are focused on short-term gain and are out of sync with the way nature works. He called for blue carbon standards and slammed plans to mine the ocean floor as "reckless" without more research.
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