Thinking blue for greening the world
The oceans act as the largest carbon sink in the world, and our biggest line of defence against the repercussions of Climate Change. Despite being a natural carbon absorbent, programmes aimed at transforming the ocean economy and ecology, and meeting its financial needs have come up short. The SDG 14 (life below water) includes 10 targets designed for the well‑being of the oceans, and the living resources therein. According to the Asia and the Pacific SDG Progress Report 2021, the performance of the goal has regressed in the Asia Pacific region. It has been assessed that estimates for investment needs for the propagation of SDGs in developing nations range from $3.3 to $4.5 trillion per year.