Funding for the “blue economy” is increasing rapidly, but experts at a recent conference in London, UK note that it is still not sufficient to transition to more sustainable models. The need for more funding to support sustainable practices in industries such as fishing, shipping, and tourism was emphasized at the event.
Despite the growth in funding for the blue economy, there is still a gap between the current level of financing and what is required to achieve a truly sustainable model. Experts stress the importance of increasing investments in environmentally friendly initiatives and projects to ensure the long-term health of our oceans and coastal areas.
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