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New Zealand's marine economy could grow to $14B by 2035 with sustainable practices, report says.
New Zealand's marine economy, currently valued at over $10 billion, could grow to $14 billion by 2035 if it adopts sustainable practices, according to a Westpac NZ report.
The "blue economy" shift aims to meet market demands, support climate change efforts, and boost exports, particularly in aquaculture, which could rise from $600 million to $3 billion.
Westpac is joining Moananui, an alliance promoting sustainable ocean business opportunities.
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La economía marina de Nueva Zelanda podría crecer a $14B en 2035 con prácticas sostenibles, dice el informe.