The ocean's trillion dollar blue economy

The ocean is essential to the livelihoods and food security of billions of people around the globe. Shipping, tourism, transport, fisheries, oil and gas, renewable energy all depend on the sea. Two years ago, economists put a dollar value on what our oceans are worth and came up with $24 trillion. If it were a country, the sea would be the seventh-largest economy on the planet. "When you look at the blue economy, it has an asset value of $24 trillion and that's delivering something between $4-500bn each year in terms of the dividend to humanity," says Professor Ove Hoegh-Guldberg, director of the Global Change Institute.