CEO Ralph Chami presentation at Blue Economy Summit — An event connecting international leaders from the worlds of science, institutions, entrepreneurship, and finance to discuss the current status of the ocean and the urgent need to build a sustainable Blue Economy that keeps the ocean and its resources safe for the future generations, by introducing innovative solutions and new economic opportunities.
Panel Session on Natural Capital and Blue Carbon , moderated by Rafael Sarda
Ralph Chami, Former Assistant Director, IMF, Co-Founder Blue Green Future, Williams College Visiting Professor
Carlos Duarte, Professor of Marine Science, KAUST University
Thorsten Thiel , Founder, Global Ocean Trust
Listen here starting 15:00 to hear Ralph Chami
The greatest economic and social value of our ocean lies not in the short-sighted goal of dividing up the rights to extract its resources, but in protecting the ocean’s biodiversity, physical structures and biogeochemical functioning—the ocean’s integrity and rights as a living system. These aspects are vital to mitigating climate change, reversing our current biodiversity crisis and delivering the conditions for a sustainable blue economy and a life of well-being globally. Protecting the ocean cannot be solely a precautionary step taken through environmental impact assessments prior to extractive permissions. Instead, it should arise through a wholesale reorientation in which the protection of the ocean’s integrity and health is understood as a sacred global trust of co-inherited wealth, our global blue natural capital.
