Reframing Financing and Investment for a Sustainable Ocean Economy

doi:10.1787/c59ce972-en

Cited by 3 publications

(3 citation statements)

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“…This section explores considerations for implementing the ocean-based climate actions contained in new and updated NDCs. 2020 NDC implementation is dependent on a country's national circumstances and the availability of finance or other means of support. Options for implementation will stem from the nature of the targets, such as economy-wide targets, sectoral non-GHG targets, or policies and measures (UNDP et al 2020).…”

Section: Considerations For Implementing Ocean-based Climate Actionmentioning

confidence: 99%

Ocean-Based Climate Action in New and Updated Nationally Determined Contributions

Khan¹,

Northrop²,

Murray³

2022

WRIPUB

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Ocean-based climate action can play an important role in achieving the goals of the Paris Agreement. Nationally determined contributions (NDCs) are one of the main mechanisms under the Paris Agreement for countries to communicate their national climate strategies. This working paper analyzes how ocean-based climate actions are included in new and updated nationally determined contributions (NDCs) from island and coastal countries and what this means for implementation over the next five years. Based on an analysis of 106 new and updated NDCs, 77 (73 percent) include at least one target, policy, or measure aimed at ocean-based climate actions.

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Section: Considerations For Implementing Ocean-based Climate Actionmentioning

confidence: 99%

Ocean-Based Climate Action in New and Updated Nationally Determined Contributions

Khan¹,

Northrop²,

Murray³

2022

WRIPUB

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“…The world is being transformed by the COVID-19 crisis, whose impacts are expected to be more severe than the 2008 financial crisis and truly global in reach (OECD, 2020 [1]). Global poverty is set to increase for the first time in 30 years and developing countries risk falling further behind in the Sustainable Development Goals (SDGs) (World Bank, 2020 [2]).…”

Section: Introductionmentioning

confidence: 99%

“…SIDS economies are largely ocean economies. While these countries have limited land masses, they possess vast ocean resources -on average, more than 2 000 times 1 the size of their land masses -which are already the foundation of SIDS' economic activities, livelihoods, foreign exchange, and employment. The ocean economy includes economic sectors either directly or indirectly dependent on ocean resources.…”

Section: Introductionmentioning

confidence: 99%

COVID-19 pandemic: Towards a blue recovery in small island developing states

2021

OECD Policy Responses to Coronavirus (COVID-19)

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Small island developing states (SIDS) are among the most vulnerable countries to the impacts of the coronavirus (COVID-19) crisis, which is disrupting key economic sectors that SIDS' undiversified and already fragile economies strongly rely upon. While they are succeeding to contain the health emergency, SIDS are faced with severe economic impacts which require bold government action and adequate international support. This policy brief: (i) highlights the impacts of the coronavirus (COVID-19) pandemic across SIDS; (ii) provides an overview of the support delivered by development co-operation providers to face the crisis; and (iii) provides suggestions to ensure that international support can lead to a fast and sustainable recovery in SIDS: a 'blue' recovery. COVID-19 pandemic: Towards a blue recovery in small island developing states 2 | CORONAVIRUS (COVID-19) PANDEMIC: TOWARDS A BLUE RECOVERY IN SMALL ISLAND DEVELOPING…© OECD 2021 Key Messages• While SIDS have so far been able to contain the health consequences of the COVID-19 pandemic, they are among the worst hit developing economies in economic and fiscal terms: in 2020 their GDP dropped by 6.9% versus 4.8% in all other developing countries. This is mainly due to global contractions in two ocean economy sectors that are key to many SIDS: coastal tourism and fisheries. The crisis is amplified by SIDS' structural vulnerabilities, such as overreliance on one or two economic sectors, high fiscal deficits and public debt levels, and significant constraints to the mobilisation of both public and private finance.• Access to fast and effective support from the international development community is vital as SIDS' public spending needs are mounting -both to respond to the health emergency and to counter the economic effects of the pandemic -while remittances and revenues, especially from key ocean economy sectors such as tourism, have collapsed.

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Sustainable investing in protected areas and biodiversity: key enabling conditions in policy, law, and institutions

Lausche

2023

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This publication provides initial guidance to countries on key enabling tools for attracting public and private sector investments in conservation and how to navigate the process. It builds on a series of recent ELC protected areas and biodiversity projects, prompted by emerging investor interest in the sustainability of their investments and responding to the growing funding gap between what is needed and what is available in traditional financial sources (grants, philanthropy, national budgets and loans) to effectively address the planet’s growing environmental crises - accelerating biodiversity loss, climate impacts affecting the Earth and society, and expanding land, marine and ecosystem degradation.

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Reframing Financing and Investment for a Sustainable Ocean Economy

Cited by 3 publications

References 20 publications

Ocean-Based Climate Action in New and Updated Nationally Determined Contributions

Ocean-Based Climate Action in New and Updated Nationally Determined Contributions

COVID-19 pandemic: Towards a blue recovery in small island developing states

Sustainable investing in protected areas and biodiversity: key enabling conditions in policy, law, and institutions

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