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This can include a wide range of economic sectors, from the more conventional fisheries, aquaculture, maritime transport, coastal, marine and maritime tourism, [1] or other traditional uses, to more emergent activities such as coastal renewable energy, marine ecosystem services (i.e. blue carbon), seabed mining, and bioprospecting.
The text of Target 14.7 of Sustainable Development Goal 14 states: "By 2030, increase the economic benefits to small island developing states and least developed countries from the sustainable use of marine resources, including through sustainable management of fisheries, aquaculture and tourism".
Tourism is one of the region's major economic sectors, with 25 million visitors contributing $49 billion towards the area's gross domestic product in 2013, which represented 14% of its total GDP. This puts the region twelfth in the world in terms of tourism's absolute contribution to GDP, but first as a proportion of GDP.
Tourism is one of the major industries in the Great Barrier Reef region. Approximately 2.19 million people visit the Great Barrier Reef each year. [1] According to the WWF, tourism of the area contributes $5.89 billion a year to the Australian economy, and employs approximately 69,000 people. [2]
Target 14.7 of SDG 14 (Life below Water) is to: "By 2030, increase the economic benefits to small island developing States and least developed countries from the sustainable use of marine resources, including through sustainable management of fisheries, aquaculture and tourism". [14] [12]
Another impact of tourism is marine pollution from cruise ships discharging waste into the sea. One single trip of a large cruise ship on average produces 210,000 gallons of sewage, 1,000,000 gallons of grey water , 125 gallons of toxic chemicals and hazardous waste, 8 tons of garbage and 25,000 gallons of oily bilge water.
Shark tourism opened up a beneficial economic opportunity all over the globe. This helps the poverty stricken areas of the Bahamas, Moorea, Maldives, Australia and many more places around the globe. A study done in French Polynesia concluded that a single reef shark is worth US$100,000 a year compared to the $100 an individual may receive for ...
A study on diving tourism in East Africa showed that the major environmental risks for that region are overfishing and marine pollution. The economic risks are mainly price inflation and recessions, the social risks include global disease epidemics and international crime, and political instability and onerous visa regulations are the major ...