Financing a sustainable ocean economy (2021)

By U. Rashid Sumaila, Melissa Walsh, Kelly Hoareau, Anthony Cox, Louise Teh, Patrízia Abdallah, Wisdom Akpalu, Zuzy Anna, Dominique Benzaken, Beatrice Crona, Timothy Fitzgerald, Louise Heaps, Ibrahim Issifu, Katia Karousakis, Glenn Marie Lange, Amanda Leland, Dana Miller, Karen Sack, Durreen Shahnaz, Torsten Thiele, Niels Vestergaard, Nobuyuki Yagi & Junjie Zhang on
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Abstract:

The ocean, which regulates climate and supports vital ecosystem services, is crucial to our Earth system and livelihoods. Yet, it is threatened by anthropogenic pressures and climate change. A healthy ocean that supports a sustainable ocean economy requires adequate financing vehicles that generate, invest, align, and account for financial capital to achieve sustained ocean health and governance. However, the current finance gap is large; we identify key barriers to financing a sustainable ocean economy and suggest how to mitigate them, to incentivize the kind of public and private investments needed for topnotch science and management in support of a sustainable ocean economy.

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