WASHINGTON: According to a 60-page report released April 23 by the World Wildlife Fund (WWF), if the oceans were a nation, the gross domestic product value would be $24 trillion, sitting in seventh place, just behind that of Great Britain.
Online news source Clapway reported on April 23 that in the report, titled “Reviving The Ocean Economy,” stated that, although massive, the figure of $24 trillion is still an underestimate. The WWF didn’t try including into the ocean’s net worth: the traveling and drilling offshore for gas, oil, and wind energy – or the value of the role the ocean plays in regulating Earth’s climate.
WWF Chief Marco Lambertini stated that although the riches of the oceans rival that of our wealthiest nations, if they were a nation, it would be in the throes of a failed economy because those who take from it do nothing to give back or maintain the oceans’ worth.
The WWF report was created along with the Boston Consulting Group and Queensland University Global Change Institute, and it goes on to say that the oceans today are changing faster than at any other time in the past millions of years.
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