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1、A SUSTAINABLE MARINE SECTORWhy New Zealand needs to transition to a blue economy.February 2025A sustainable marine sector Transitioning to a blue economy2CONTENTSExecutive summary 3Definitions 4Defining the marine economy.4Defining the blue economy.5Size of the marine economy 6Considerations when me

2、asuring the marine economy.6Sizing New Zealands marine economy.7Comparing our marine economy with peer countries.8Contributions to New Zealands marine economy.9Which marine economy sub-sectors offer potential for growth.10Drivers for growing the blue economy 11Problem statement Marine ecosystems are

3、 at risk.11Catalysts for transitioning.12Underpinning principles for transitioning.13Transitioning roles.14Opportunities for transition to a blue economy 15Transitioning to a blue economy Investment.15Numerous opportunities for moving to a blue economy.17A sustainable marine sector Transitioning to

4、a blue economy3EXECUTIVE SUMMARYThe marine economy refers to activities within and across sub-sectors that use ocean resources.The term“blue economy”refers to the same activities but incorporates additional elements of sustainability and the potential of the ocean to support humanity in the future.T

5、o that end,the blue economy can be considered as a desired end state for the marine economy.There are a range of organisations and initiatives in New Zealand that are partnering to deliver this end state.They include the Nature Conservancy,the Aotearoa Circle,the Sustainable Seas National Science Ch

6、allenge(now no longer active),and Moananui.Westpac has prepared this report to better understand and share how the finance sector can support New Zealands transition to a blue economy.Marine activity contributes at least$10bn in value add to the New Zealand economy.That excludes difficult to measure