Executive summary

The ocean provides significant social, economic, and environmental benefits to humanity and the planet. At present there is no commonly agreed definition of the “sustainable ocean economy”. UNCTAD understands the ocean economy as “a vehicle toward a more sustainable and inclusive economic path on the marine and coastal environment. It encompasses all industries that sustainably utilize and contribute to the conservation of ocean, seas and coastal resources for human benefit in a manner that maintains all ocean resources over time“ (UNCTAD, 2020).

Sustainable Development Goals:

Responsible Consumption and Production

Life Below Water