The marine economy doubled between 1995 and 2020, but many threats have reduced future growth.
According to the Organization for Economic Cooperation and Development (OECD), the global maritime economy is in danger of major turmoil without increasing protection.
The OECD said the global maritime economy has grown to $ 2 trillion by 2020, and a report published on Monday that it is necessary to improve sustainability.
The report warns that climate change, environmental deterioration, productivity delay and slow digital innovation are strengthening pressure on marine ecosystems and economic potential.
The ocean provides food security to more than 3 billion people, transports 80 %of global products, and has 98 %of international Internet traffic.
From 1996 to 2020, the global maritime economy doubled its size, contributing from 3 %to 4 %of GDP. Tourism and overseas oil and gas have produced nearly two -thirds of the production during that period. Fishing and marine trade were also important growth drivers.
OECD said, “If you consider the state, the marine economy will be the fifth largest economy in the world in 2019.”
The report, which was published in a high level of summit in Paris, added that if the historical trend continues, the maritime economy can be almost four times larger than 2050 than in 1995.
But we warn that policy measures will be needed to maintain this growth.
‘Additional measures required’
OECD worries are struggling due to population growth, deterioration of environmental and increasing territorial disputes.
In other places, the growth of illegal activities caused the “dark sea economy”.
“We need additional measures,” the report said to promote international cooperation and governance mechanisms.
Mathias Cormann said, “Science -based policies, improved management and innovative digital solutions in the marine space can protect the jobs, livelihoods and food security of hundreds of millions of people who depend on the ocean.
This report occurs when the world’s sea harms marine life and suffers a crisis of contamination, overfishing, and record warmth that increases the global temperature.
The United Nations held a major meeting in Nice, a southern French city in June, and deals with these challenges and sustainable use of the world.
