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Most people are aware of the threats that face the ocean and the individuals and livelihoods that depend on it. These threats include the climate crisis, unsustainable extraction of marine resources, biodiversity loss, and pollution.
To build a sustainable future, we need to change how we manage and protect ocean resources. But protecting the ocean is not only an environmental and social challenge; it is an economic opportunity. Sustainability is not independent from economic activities and growth; it is a precondition for these to take place. It is important to note however that investments into businesses which seek to have a positive impact on the environment or society are also exposed to investment risk and may not recover the full amount invested.
In a recent webinar, Dennis Fritsch, from the United Nations Environment Programme Finance Initiative (UNEPFI), explored the role of private sector finance in creating a sustainable blue economy.