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Sustainable Ocean for All

Harnessing the Benefits of Sustainable Ocean Economies for Developing Countries

image of Sustainable Ocean for All

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.

English

Editorial

Ocean-based sectors, such as fisheries, tourism and maritime transportation, are at the heart of the economy of many developing countries. The way these sectors will develop in the future could either accelerate progress towards sustainable development or exacerbate the current unsustainable trends. Prior to the COVID-19 crisis, the OECD projected that the ocean economy would double in size by 2030. Only if managed sustainably and through recovery efforts that build back bluer, such expansion could lead to more resilient and equitable societies.

English

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