Healthy oceans ‘vital for economic stability’, says ECB

Economists from the European Central Bank (ECB) have warned that healthy oceans are vital for economic stability, highlighting growing risks from marine degradation.

In a blog authored by Andrej Ceglar, executive board advice expert and counsel to the Executive Board, Irene Heemskerk, senior adviser and counsel to the Executive Board, and John Hutchinson, principal economist in monetary policy strategy, the authors outlined the economic importance of oceans and their role in climate stability.