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SOLUTIONS FOR THE OCEAN / INNOVATIONS | 61
Fishing industry estimated
at over $150 billion. Phytoplankton productivity, which
Whales contribute to the is enhanced by whales, captures
food web chain and 37 billion tons of CO per year.
increased fish stocks. How much is one whale worth? 2
Each whale sequester 33 tons
of CO ,on average, when it dies
²
Whale watching and sinks to the ocean floor.
industry estimated
at over $2 billion globaly.
Source: "Nature’s solution to climate change:
A strategy to protect whales can limit greenhouse gases and global warming",
Ralph Chami & al., Finance & Developpement, 2019
MOBILISING THE ECONOMIC
FABRIC
In addition to ensuring greater protection of the na-
tural environment, the private sector can provide
several guarantees to attain goals: assurance as to IN
resources, new services, partnerships with the public FIGURES
sector, as well as the provision of new technology for
the benefit of environmental issues.
2 million dollars
Thanks to its Ocean Disclosure Initiative, the One Estimated mean value of a great whale,
Ocean Foundation is seeking to encourage, via lob- based on the various services rendered.
bying efforts, private investors to invest in eco-res- (source: Finance & Developpement, 2019)
ponsible projects to promote the preservation of
marine and coastal ecosystems. Supporting the de-
ployment of measures to monitor the impact of the
private sector on the ocean, this Foundation has also
established a sustainability framework based on over IN
twenty different criteria.
SIGHT
The carbon equivalence scheme, often criticised,
was also analysed by the experts who once again
underlined the role of the private sector in the protec- “Ocean health will benefit from the
tion of the ocean environment. introduction of a measurement standard
concerning the environmental pressure
on the ocean by society.”
Jan Pachner, Secretary General
of the One Ocean Foundation