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FX.co ★ Blue economy: sea projects to save world economy from deep dive

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Forex Humor:::2020-07-30T12:27:47

Blue economy: sea projects to save world economy from deep dive

Since historical times, the sea has served as a source of prosperity for cities. Additionally, it has had plenty of food for people. The sea constantly tempts humanity with its vast and hidden treasures despite the threats it poses to anyone who dares conquer it.

Nevertheless, dangers and other risks have never stopped people from exploring the sea as every penny invested in sea projects bring the far greater profit. This is why now, in times of the coronavirus crisis, more and more businesspersons are getting interested in sea projects. Some experts even say that the sea could save the world economy from a deep dive as every dollar invested in marine projects brings $5 in profits. They also add that from the economic point of view, marine projects can be so diverse and each of them is likely to be profitable. Therefore, they stress four main areas in the sea business that will help the world economy recover: conservation and restoration of mangrove forests; reducing carbon dioxide emissions from the global shipping industry; expansion of offshore wind power plant construction; and ocean exploration with an aim to increase the supply of protein-rich products. Apart from economic advantages, these projects will contribute to the development of healthcare and ecology. Currently, revenues from fishing and shipping account for 3.5–7.0% of global GDP, and this is not the limit.

With a rational approach to ocean exploitation, there is every chance not only to preserve its natural environment but also to ensure a sustainable economic future. To achieve this, people need to implement more renewable sources of energy or green technologies in the industrial sector. Yet, so far they have become widespread only in developed countries.

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