Trillions of dollars in goods and services, as well as food, countless jobs and intangible benefits are provided by oceans. But much of the asset base that makes all this possible is poorly managed, threatening to undermine the wellbeing of future generations. This is the output from three reports from WWF in cooperation with BCG, summarised on CNN.com
during the UN Ocean Conference in New York. Oceans generate more than US$2.5 trillion in goods and services annually, putting the gross marine product, or GMP, on par with the GDPs of the UK and Germany, according to WWF's report on Ocean Economy
published in 2015. Marine and coastal assets have an economic value exceeding US$24 trillion, but these assets are being overexploited and destroyed at an alarming rate. We need to focus on such common building blocks as managing resources for long-term productivity, maintaining key habitats, and tackling climate change.