NEW YORK, Sept. 20, 2023 (GLOBE NEWSWIRE) — According to a new report commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel), the oceans can deliver up to 47% of the annual greenhouse gas (GHG) emissions reductions needed by 2050 to keep the planet from warming a catastrophic 2 degrees Celsius (or up to 35% of the emissions reductions needed to keep warming to 1.5°C). The report quantifies the contributions of seven ocean-based solutions to the climate crisis, including the five solutions outlined in the Panel’s 2019 report, and two additional measures: reducing offshore oil and gas extraction, and decarbonizing ocean-based tourism. If fully implemented, the report finds that these ocean-based solutions can deliver emissions reductions equivalent to approximately four times the annual total emissions of the European Union.

(GlobeNewsWire)