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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.

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The transition to a sustainable ocean economy is a global imperative

Transitioning to sustainable ocean economies is a matter of urgency at the international level and for developing countries. This chapter explores the reasons. It describes in detail the key pressures on the ocean to shed light on why business-as-usual scenarios for the ocean economy are not sustainable and jeopardise socio-economic benefits that can be derived from ocean-based industries and activities as well as life as we know it on this planet. It discusses the challenge of defining sustainable ocean economies, highlighting the need to integrate economic, environmental and social dimensions of sustainability, and the inter-linkages across Sustainable Development Goals that can help reinforce the sustainable use and conservation of the ocean

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