Speed the Transition to a Circular and Sustainable Economy


(i) invest more in innovation and development to rapidly transition to a circular economy, including by moving to a sustainable and inclusive blue economy; and (ii) phase out destructive ocean activities to ensure that economic growth does not continue to degrade the marine environment.

Priority actions

Transition to a new, more sustainable and inclusive blue economy focused on: (i) low-impact offshore renewable energies; (ii) environmentally-friendly aquaculture and marine biotechnology; (iii) green shipping; (iv) ocean monitoring and surveillance technologies; and (v) sustainable fisheries.

Redirect finance flows to drive investment in support of this agenda, creating innovative finance and insurance products that enhance the ocean’s natural capital and resilience.

Immediately incorporate the ocean’s value into economic decision-making, through natural and social capital accounting and in cost-benefit analysis.

End all harmful exemptions and subsidies for fossil fuel, oil and gas drilling, and detrimental fishing and agricultural practices.

Eliminate all non-essential single use plastics and reduce plastic production by implementing zero-waste strategies by 2025.

Stop any further development of new activities which harm ocean health, such as seabed mining.