May 9, 2019 — Aquaculture, the commercial farming of finfish like salmon, shellfish and seaweed, has exploded over the past 30 years, becoming a nearly $250-billion industry globally. More than half of all seafood now comes from farms, and that percentage is projected to rise if the human population expands, as expected, to 9.7 billion people over the next 30 years. However, environmental problems currently bedevil the aquaculture industry and a consensus on the most sustainable practices has yet to emerge.
A new report released May 8, “Towards a Blue Revolution,” aims to guide the private sector, NGOs and policymakers toward better aquaculture strategies that can both meet the growing global seafood demand and operate “in harmony with ocean ecosystems.”
“Transforming how we produce seafood through strategic investment in innovative, more sustainable production methods may ultimately represent the difference between a healthy, abundant, and profitable food system, and one that degrades the environment, destroys value, and fails to meet the growing food security challenge,” the report states.
Published by the Virginia-based environmental non-profit the Nature Conservancy and the New York-based impact investment firm Encourage Capital, the report urges the seafood industry to shift away from “business as usual” aquaculture practices. It argues that equally lucrative and more sustainable forms of aquaculture exist that investors would do well to nurture.