October 6, 2020
The South China Sea is a Large Marine Ecosystem and is known as the richest sea in the world in terms of marine biodiversity. Encompassing 1.4 million square miles, the South China Sea is of critical economic, military, and environmental significance.
The South China Sea is one of the most important fisheries – employing more than 3.7 million people and generating billions of dollars every year. More than half of the fishing vessels in the world are estimated to operate there, and its fish provide food and jobs for millions of people in the 10 surrounding countries and territories. But after decades of free-for-all fishing, stocks are dwindling, threatening the food security and economic growth of the rapidly developing nations that rely upon them. Coral reefs, on which much of these fish depend, have been declining by 16 percent per decade and the decline has rapidly accelerated over the last five years. In order to prevent further damage a multi-sectoral, multi-country effort is critical.
Inspired by a call to action from HRH The Prince of Wales and The Princes Foundation’s guiding principles – Creating Harmonious Communities; Respecting the Past, and Building the Future, Sustainable Future is an initiative of i(x) investments and The Prince’s Foundation to engage the world’s leading families to identify and make investments that help address the climate emergency and other global sustainability issues.
This event will feature inspiring conversations about the ways we can collaborate and invest to protect the South China Sea and create a sustainable fishery. Register here.< Back to News & Insights Next Post >