Moving Canada’s blue economy out of the shallows
By Nelson Bennett
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April 16, 2021, 12:30pm
B.C.’s commercial and sport fisheries are in trouble, thanks to declining wild salmon stocks | Rob Kruyt
Everyone by now knows what is meant by the “green economy.”
But what about that “blue economy” that the World Bank and the Justin Trudeau government have been talking about lately?
The World Bank defines the blue economy as “sustainable use of ocean resources for economic growth.”
The global ocean economy is worth an estimated US$1.5 trillion now and is expected to grow to US$3 trillion by 2030, according to Rashid Sumaila, University of British Columbia professor at the Institute for the Oceans and Fisheries.