Blue economy: The key to climate resilience and sustainable growth
We have chosen blue economy as one of our focus areas in COP28. In our new digital leaflet, we explain why oceans and coastal ecosystems are so important, and also showcase our support to this area.
The oceans and coastal ecosystems have an important role in helping us regulate the climate change and in providing livelihoods to communities across the globe.
Oceans are impressively effective in regulating the climate change. They absorb 91% of the excess heat energy, produce about half of the Earth’s oxygen and capture 30% of the carbon dioxide that is released in the atmosphere (NOAA, 2023). Coastal ecosystems, like coral reefs and mangroves, protect shorelines from storms, floods and other natural hazards.
Oceans and coastal ecosystems also provide livelihoods in fishing and aquaculture. With increasing stressors involved, these livelihoods are on now in danger.
For these reasons, we need a sustainable blue economy.
NDF has financed projects focusing on sustainable blue economy with up to EUR 54.52 million. Additionally, we have committed EUR 1.34 million to blue economy projects through EEP Africa.
Check out our digital leaflet to learn more about projects to support the blue economy.