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DURHAM, N.C. - Most of the revenues extracted from use of the world s oceans is concentrated among 100 transnational corporations, which have been identified for the first time by researchers at Duke University and the Stockholm Resilience Centre at Stockholm University.
Dubbed the Ocean 100, these ocean economy companies collectively generated $1.1 trillion in revenues in 2018, according to research published Wednesday in the journal
Science Advances. If the group were a country, it would have the world s 16th-largest economy, roughly equivalent to the gross domestic product (GDP) of Mexico. Now that we know who some of the biggest beneficiaries from the ocean economy are, this can help improve transparency relating to sustainability and ocean stewardship, said lead author John Virdin, director of the Ocean and Coastal Policy Program at Duke s Nicholas Institute for Environmental Policy Solutions. The small number of companies that dominate these industries li
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IMAGE: Revenue share accounted for by the 10 largest companies in each of the eight core industries of the ocean economy. Outer band indicates the respective industry total revenue in 2018. view more
Credit: Science Advances
For the first time, scientists have identified the 100 transnational corporations (see table) extracting the majority of revenues from economic use of the world s ocean.
Dubbed the Ocean 100 , the group of companies generated US$1.1 trillion in revenues in 2018, according to the research published in the journal
Science Advances. If the Ocean 100 was a country it would be the 16th largest on Earth, said Henrik Österblom, a co-author on the study from Stockholm Resilience Centre at Stockholm University. By revenue, the Ocean 100 is equivalent to the GDP of Mexico.
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Million-dollar Food Planet Prize awarded to CSIRO innovation
FutureFeed, a livestock feed made from seaweed that reduces methane emissions in beef and dairy cattle by more than 80 per cent has been awarded the world’s largest monetary reward on the global food arena.
The Food Planet Prize recognises initiatives, organisations and individuals working to secure the world´s food supply while fostering a healthy and resilient biosphere.
Awarded by the Curt Bergfors Foundation, 2020 marks the launch of The Food Planet Prize; four awards, each including US $1 million, for efforts to reshape the food system.
To be impactful and to contribute to a sustainable and resilient food system, the solutions must be implementable reasonably fast and on a large, preferably global, scale.
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