The growth in funding for the blue economy is a positive step towards achieving more sustainable practices in industries such as fishing, shipping, and tourism. However, experts at a recent conference in London, UK noted that the current level of financing is still not sufficient to transition to a truly sustainable model. They emphasized the need for more investments in environmentally friendly initiatives and projects to ensure the long-term health of our oceans and coastal areas.
Despite the increase in funding for the blue economy, there remains a significant gap between the current level of financing and what is required to achieve a truly sustainable model. Experts stress that additional investments are crucial to support sustainable practices and initiatives that will benefit both the environment and local communities.
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