Washington: Aquaculture could generate as many as 22 million new jobs by 2050, according to a new report that foresees a $1.5 trillion investment opportunity in the sector over the same period. Produced by the World Bank and the World Wildlife Fund, “Harnessing the Waters: A Trillion Dollar Investment Opportunity in Sustainable Aquaculture” positions aquaculture as one of the most promising opportunities for building a more sustainable food system over the next 25 years.
According to World Bank, based on the sector’s current trajectory, business-as-usual investments of $0.5 trillion could increase growth of aquaculture at a rate of 1.9 percent to 159 million metric tons – excluding seaweeds – and generate 8 to 14 million new jobs by 2050. In contrast, investing $1.5 trillion in more ambitious measures could increase global aquaculture production to 255 million metric tons by 2050, almost 100 million metric tons higher than the business-as-usual case, and create between 13 and 22 million jobs.
In order to reach its full potential, the sector now requires innovative financing to scale, particularly in emerging markets. The report analyzes investment trends and financial mechanisms shaping the industry’s future, concluding that aquaculture’s sustainable growth potential requires a significant transition from small-scale to more intensive production.
The report draws insights from seven mature aquaculture industries across the globe – Bangladesh, Chile, China, Ecuador, Egypt, Thailand, and Vietnam – examining how financial mechanisms and evolving roles of public and private sectors have shaped their development to inform future investments in sustainable aquaculture. It establishes sustainable aquaculture as a pillar of global food systems and showcases financing models for aquaculture expansion and investment risks and opportunities.
The report is designed for financial institutions, governments, philanthropies, and private investors looking to expand their portfolios in the blue economy, and with seafood production expected to increase by 14 percent by 2032, aquaculture offers just that opportunity.