Global Summit on Sustainable Blue Economy Kicks Off in Nice
The global summit in Nice aims to mobilize investment for the sustainable blue economy.
Key Points
- • Global summit on oceans begins in Nice, France.
- • Objective is to mobilize states, businesses, and finance for sustainable blue economy.
- • Blue economy has an estimated potential of $25 trillion.
- • Current investments are insufficient to realize this potential.
The global summit on the oceans has officially opened today in Nice, France, focusing on the promotion of sustainable blue economy initiatives. The summit aims to mobilize governments, businesses, and financial stakeholders to address pressing investment challenges within this vital sector. With the blue economy projected to have a potential worth of approximately $25 trillion, current investment levels remain alarmingly inadequate according to summit organizers.
The event is part of a broader call for multilateral efforts to harness the sustainable use of ocean resources and foster a collaborative approach to addressing the critical economic and environmental issues at play. France's hosting of this summit underscores its commitment to leading discussions on sustainable practices and investment in oceanic resources. The goals established at this summit will be crucial in bridging the investment gap and enabling a more sustainable future for the world's oceans.