By 2030, the Great Blue Wall will unlock regenerative livelihood opportunities for 70 million people in the WIO, create 10 million blue jobs and support other regions engaged in equivalent efforts.
We cannot do this alone!
While we need to urgently address the climate change and biodiversity threats faced by our ocean, we need to do so while also supporting the development of local communities. It is therefore of paramount importance to transform our ocean economy into a driver of positive conservation and socio-economic outcomes. In other words, there is today an urgent need and unique opportunity to accelerate the development of a regenerative blue economy.
Because the blue economy sector is still nascent, a key challenge that considerably limits the possibility to unlock such potential is the lack of bankable projects. As the development of a blue economy gains traction, there is today a unique opportunity to support such development while making sure it is inclusive, resilient, and becomes a catalyst to achieve SDG 14.
There is need for more early-stage investment (seed and venture capital), in particular within the “Death Valley”. The Great Blue Wall will drive innovation, investment and transformational change within the seascapes and related ecological corridors in order to overcome such a “Death Valley” effect and support the establishment at scale of financially viable conservation enterprises within these areas.