Sustainable Ocean for All
Harnessing the Benefits of Sustainable Ocean Economies for Developing Countries
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Adopting more sustainable ways of managing the ocean is a global priority: protecting its health will bring benefits to all. Developing countries face specific challenges, as many depend heavily on ocean-based industries and are overly exposed to the consequences of ocean degradation. Enhancing their access to science, policy advice and financing would allow them to tap better into the opportunities of a more sustainable ocean economy, including more decent jobs, cleaner energy, improved food security and enhanced resilience, while contributing to the protection of the world’s ocean.
This report provides policy makers in developing countries, as well as their development co-operation partners with a wealth of fresh evidence on (i) the latest trends in selected ocean-based industries; (ii) policy instruments, including economic incentives, to promote ocean sustainability in various contexts; (iii) the first review of development finance and development co-operation practices in support of more sustainable ocean economies, including a discussion of how development co-operation can help re-orient private finance towards sustainability.
Development co-operation for sustainable ocean economies
This chapter, along with Chapter 5, examines how development co-operation can help create a global ocean economy that is sustainable and responds to the needs of developing countries and the world’s most vulnerable. It provides the first official tracking of official development assistance (ODA) for sustainable ocean economies to highlight the scope, nature and trends of international support for sustainable ocean economies in developing countries. The chapter also maps the range of ODA projects in support of sustainable ocean economies to help foster a common understanding of the multiple dimensions of sustainability and how they vary across ocean-based sectors. The chapter concludes with suggestions to enhance the impact of development co-operation in support of sustainable ocean economies.
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