News - Blue Economy

Researchers at Duke University and the Stockholm Resilience Center discovered in a recent study that a relatively small number of companies generate most of the revenues from using the ocean. Writing for The Conversation, three of the study's authors explored the risks of such a high concentration of wealth in the ocean economy, as well as the potential for the Ocean 100 to lead the way in making their industries more sustainable.

A hundred companies earn most of the revenue generated from ocean-based industries like offshore energy, according to a new study. Lead author John Virdin spoke to Energywire about why so much of the ocean economy is concentrated among the "Ocean 100" and discussed the implications for meeting ocean sustainability goals.

For the first time, researchers have identified 100 transnational corporations that take home the majority of profits from the ocean's economy, EcoWatch reports.

Peter Thomson, U.N. special envoy for the ocean, writes in an op-ed about the role that the “The Ocean 100” corporations could play in ocean sustainability and stewardship.

Just 100 companies account for most of the profits from the world’s seas, researchers from Duke University and the Stockholm Resilience Centre said on Wednesday. The researchers are calling on the companies to help save the oceans from over-fishing, rising temperatures, and pollution, Reuters reported.

Most of the revenues extracted from use of the world’s oceans is concentrated among 100 transnational corporations, which have been identified for the first time by researchers at Duke University and the Stockholm Resilience Centre at Stockholm University.

The balance between protecting ocean resources and still relying on them for livelihoods is at the heart of what is known as the blue economy. Duke Stories explores how scholars across Duke, including at the Nicholas Institute, are working to expand humanity’s understanding of the ocean, consistent with the university's mission to seek solutions to the world's most pressing problems.

Small-scale fisheries are central to solving many problems in the oceans, such as overfishing or loss of natural habitats, as well as on land by addressing poverty and hunger in places where jobs and quality nutrition are limited, write John Virdin and Xavier Basurto.

The Nicholas Institute for Environmental Policy Solutions at Duke University has awarded funding to six research projects for Fiscal Year 2019–20 through the institute's Catalyst Program.

Now in its third year, the Catalyst Program aims to build on the Nicholas Institute’s mission by increasing engagement with Duke faculty to incubate and advance new partnerships, enhance policy-relevant knowledge, and create innovative policy solutions based on new creative synergies.

Pacific Catalyst, a partnership of fishery management experts in collaboration with the University of the South Pacific (USP), today announced their official launch and described several projects they have underway. They also introduced their new website at PacificCatalyst.org.