Ocean Action Agenda

The Ocean Action Agenda seeks to protect at least 30% of the ocean and sustainably manage 100% through a three-pronged approach: raising global leadership ambition for responsible investment, driving corporate transitions in ocean-dependent sectors, and catalysing data and technology innovation. The initiative operates through the 'Friends of Ocean Action' community and manages several flagship programs, including the Blue Carbon Action Partnership, the Blue Food Partnership, and the 1000 Ocean Startups coalition. These efforts aim to align business and government actions with global frameworks such as SDG14, the Global Biodiversity Framework, and the High Seas Treaty.

• The economic value of key ocean assets is estimated at $24 trillion, with derived services valued at $2.5 trillion annually, representing 3-5% of global GDP.
• The Ocean Action Agenda supports corporate transitions for ocean-based industries—including shipping, seafood, port activities, and offshore renewables—to help them understand their 'double materiality' on biodiversity and marine ecosystems.
• Blue carbon ecosystems, specifically seagrasses, salt marshes, and mangroves, can store carbon at rates 5-10 times higher per acre than tropical rainforests.
• The Blue Food Partnership focuses on scaling blue food production in emerging markets, with an initial focus on Africa, to support the 3 billion people who rely on aquatic organisms for 20% of their animal protein.
• The 1000 Ocean Startups coalition, comprising 37 members including venture capitals, accelerators, and incubators, aims to support at least 1,000 transformative ocean start-ups by 2030, with over $1.5 billion in assets under management available for investment.

APA

World Economic Forum (2023). Ocean Action Agenda. https://www3.weforum.org/docs/WEF_Ocean_Action_Agenda_2024.pdf

Chicago

World Economic Forum. Ocean Action Agenda. 2023. https://www3.weforum.org/docs/WEF_Ocean_Action_Agenda_2024.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Ocean Action Agenda |date=November 2023 |url=https://www3.weforum.org/docs/WEF_Ocean_Action_Agenda_2024.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2023ocean, author = {{World Economic Forum}}, title = {{Ocean Action Agenda}}, institution = {World Economic Forum}, year = {2023}, month = nov, url = {https://www3.weforum.org/docs/WEF_Ocean_Action_Agenda_2024.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }