Ocean ‘economy’ heading for collapse – planet’s life-sustaining ecology in grave danger of unraveling

 Ocean Collapse TEP
April 2015 ECOLOGY The world’s seventh-largest economy is heading toward collapse. An economic powerhouse conservatively valued at $24 trillion, one that annually churns out the equivalent of $2.5 trillion, is under assault. However, I am not referring to one of the G8 economies, but to the “super economy” of the ocean. It’s one that for far too long has been ignored and taken for granted — and it is going downhill fast. The health and wealth of the ocean are assessed in a WWF report released Thursday, Reviving the Ocean Economy. The report is the result of a hard economic analysis performed by The Boston Consulting Group built on a foundation of the latest ocean science provided by the Global Change Institute of the University of Queensland.
True, the enormity of the ocean can complicate any single appraisal. But it is still important to try to understand its value if global leaders are ever going to sustain it for future generations. The fact is that the ocean feeds us, employs us, offers protection and plays a direct role in the lives and livelihoods of people throughout the world. The ocean also provides intangible but essential services to humanity, such as climate regulation and oxygen production that are difficult to put in monetary terms. And while we all may look at the ocean from different perspectives, no one can escape the fact that it is a shared resource that provides for each and every one of us. A figure that may get lost in the headlines generated by our report is perhaps most telling: Seventy percent of the ocean’s overall economic value relies on its continued health. Ocean assets like fisheries, coral reefs, mangroves and sea-grasses that produce goods and services rivaling the world’s top 10 economies will lose their value if we continue to over-exploit and outright destroy them.
That may seem like a far-off possibility to some, but it is a future foretold by the many details in this report. For example, 90 percent of the world’s fish stocks are either fully exploited or over-exploited. And that is not all. By 2050 — only a few decades from now — it is possible that the ocean could lose its coral reefs, which have already been halved in the last few decades. This isn’t just a concern for dive enthusiasts, but to the hundreds of millions of people that rely on ocean resources for their daily meals and their weekly paychecks. The ocean is truly too big to fail. The loss of the ocean’s critical habitats and species would have a devastating ripple effect on global food security and economies that no government bailout could salvage. Fortunately, our report identifies actions that would revive the ocean economy, three of which are critical this year. First, the international community must rally around a set of sustainable development goals that clearly reflect the link between the environment — including the ocean — and human well-being.
Also, negotiators meeting in Paris later this year must agree on an ambitious global climate deal that sets us on the path to avert the worst impacts of climate change. And finally, leaders must commit to conserving increasing amounts of coastal and marine areas over the course of the next 15 years. The economic case for why the ocean is so critical to livelihoods around the world is clear, and we will not be able to plead ignorance if we collectively preside over the collapse of the ocean economy. Reviving the Ocean Economy is dedicated to helping us avoid that outcome, but it will require political vision and courage among policymakers. All this said, and as terrifying as it is that the deterioration of the ocean’s health has been its fastest in millions of years, there is actually some (potential) good news: If we act swiftly and with determination, marine resources can recover — and recover quickly. Many local examples — from the Mediterranean to the Mozambique Channel, from the Fiji archipelago to the Arctic — show us that conservation, restoration and sustainable-use approaches mean the ocean, and the people who depend on it, can both prosper. –CNN
This entry was posted in Apathy, Boom and Bust Cycles, Ecological Disaster, Economic Collapse, Economic Hardship or Loss, Economic impact of natural disasters, Environomental toxins, Hierarchal Control, Hoarding Resources, Marine Disaster, New World Order, Resource War, Social Meltdown, The Pyramid Model, Water Conflict. Bookmark the permalink.

3 Responses to Ocean ‘economy’ heading for collapse – planet’s life-sustaining ecology in grave danger of unraveling

  1. niebo says:

    If the oceans die, humanity dies. In the short term, we can blame Fukushima or we can ignore Fukushima and blame mystery viruses for wasting diseases that cause the collapse of the Pacific Ocean’s food chain, but any event, a nuclear disaster or pollution or asteroid impact or algae plooms, whatever causes a collapse of the Pacific Ocean’s food chain will, in time, cause the collapse of the Atlantic’s food chain, and the Indian Ocean’s food chain, etc., since all of the oceans are connected. In time, humanity’s entire food chain will collapse, as well. Of course we may survive for a while, a decade, twenty years, in dwindling numbers, but, like the sea stars and anemones, the starving sea lions, the derelict, wayward dolphins and whales, we, too, will waste away, waste away.

  2. Dennis E. says:

    In order to save and let the ocean recover will require limits on fishing which will drive up the cost and a change in occupation for many. But if it is really contaminated with radiation, that is areas of the Pacific Ocean, then it never recover in our lives.
    And the collapse continues

  3. Fit2Btied says:

    Isaiah 19:5-8 King James Version

    5 And the waters shall fail from the sea, and the river shall be wasted and dried up.

    6 And they shall turn the rivers far away; and the brooks of defence shall be emptied and dried up: the reeds and flags shall wither.

    7 The paper reeds by the brooks, by the mouth of the brooks, and every thing sown by the brooks, shall wither, be driven away, and be no more.

    8 The fishers also shall mourn, and all they that cast angle into the brooks shall lament, and they that spread nets upon the waters shall languish.

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