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European Climate Infrastructure and Environment Executive Agency
News article26 November 2020Executive Agency for Small and Medium-sized Enterprises

Why does money flow into activities that harm the ocean?

The blue economy is growing fast and attracting investments worldwide. However, businesses often remain unsustainable.

Unsustainable finance in the bue economy

Illegal fishing, excessive tourism, polluting shipping and poorly designed port activities, are examples that threaten marine eco-systems and jeopardise the biodiversity that is essential to the prosperity of the planet.

A new study, “Unsustainable finance in the blue economy: Where does the money come from?” deems that a sustainable blue economy is a global challenge that requires swift and coordinated global action. 
The study examines the reasons why money flows into damaging activities and provides suggestions on how to shift investments worldwide to activities that preserve the ocean and ensure long-term prosperity. 

A short introduction video to the study and its findings is available.

The full study is available through the EU publications office.

Details

Publication date
26 November 2020
Author
Executive Agency for Small and Medium-sized Enterprises