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Financing the sustainable and inclusive blue economy


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On 10 June, 2020, the International Institute for Environment and Development (IIED) hosted a webinar on how to mobilise public and private finance to enable the transition to a sustainable and inclusive blue economy.

This is a presentation exploring the issues around financing a sustainable and inclusive blue economy by Torsten Thiele, a senior research associate at the Institute for Advanced Sustainability Studies in Potsdam, and a visiting fellow at the London School of Economics.

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Financing the sustainable and inclusive blue economy

  1. 1. Financing the Sustainable and Inclusive Blue Economy Torsten Thiele, Global Ocean Trust Senior Research Associate, Institute for Advanced Sustainability Studies, Potsdam Visiting Fellow, London School of Economics IIED Webinar, 10 June 2020
  2. 2. Blue Finance • Public and private investments in the marine and coastal space towards zero emission pathways, deliver on the SDGs, in particular SDG 14 and to protect biodiversity. • Assessing ocean and coastal risk from rising sea-levels, extreme weather events and other changes that threaten people, livelihoods and infrastructures. • Local livelihoods supported by micro and community finance for a rapid and just transition to nature-based solutions. • National and multilateral funders and development banks as arrangers of private sector loans, blue bonds and blended finance aligned with green finance principles and standards. • Blue natural capital as an emerging integrated asset class for long term-term capital that support mitigation, adaptation and ocean ecosystems.
  3. 3. A sustainable, inclusive Blue Economy => Transforming maritime sectors, as well as land-based activities that impact the ocean, towards sustainability, circularity and resilience => Replacing an extractive economic model with an exploration-based blue knowledge and value system => Engaging other sectors (retail, health, finance etc) with the ocean to address impacts and processes => Creating new opportunities, markets and pathways (bio-products, data, ecosystem restoration and resilience, smart infrastructure, livelihoods and investments).
  4. 4. A Roadmap for Using the UN Decade of Ocean Science for Sustainable Development in Support of Science, Policy, and Action (J. Claudet et al, One Earth 2019)
  5. 5. Increase financial resources dedicated to the ocean and facilitate access • Strengthen national and multilateral funders’ efforts and commitment to marine projects, including for conservation and restoration of coastal and marine ecosystems; • Integrate systematically climate and biodiversity considerations into ocean projects; • Facilitate the access of developing countries to the Green Climate Fund and other other mechanisms; • Deliver faster access to funding for community-based initiatives and small-scale projects.
  6. 6. Donors and innovative finance • Define a carbon biodiversity pricing mechanism for all ocean activities that fully values the contribution of the ocean to carbon cycling and sequestration • Develop with the technology sector and civil society an integrated ocean data architecture to support research and the management of marine ecosystems • Consider specific ocean finance instruments, such as trust funds and an Ocean Sustainability Bank • Integrate nature-based solutions into marine and coastal infrastructure financing • Encourage marine ecosystem restoration through appropriate regulation, user fees and result-based finance approaches