Ocean Action Hub

The Blue Economy approach is based on a vision of "improved wellbeing and social equity, while significantly reducing environmental risks and ecological scarcities" (UNEP 2013). As such, Blue Economy initiatives support the creation of a low-carbon, resource-efficient, socially-inclusive society. The achievement of global sustainability goals feeds local objectives, and conversely, global successes are built on effective local implementation. As such, the services, benefits and values documented by initial Blue Economy efforts were and are seen as crucial not only for local communities and coastal states, but also the world as a whole (UNEP, 2015, p.8).

The fact that oceans and seas (as well as rivers, waterways and estuaries) matter for sustainable development is undeniable. Two thirds of the earth's surface is covered by water. The oceans1 are widely accepted as the incubator of all life forms. They are a fundamental yet delicate part of the Earth's biosphere and essential to sustaining life on the planet. Oceans serve a variety of purposes, all critical to the sustenance and preservation of human life. Among other things, they provide food and minerals, generate oxygen, absorb greenhouse gases (GHG), mitigate climate change, influence weather patterns and temperatures and serve as highways for human transport and sea-borne trade (UNCTAD, 2014, p.1).

The link between humans and the oceans has been fundamental to the development of human civilisation. Today, more than 3 billion people live in close proximity to the coast. This number is bound to rise with population growth, urban drift and increasing demand for accommodation close to oceans and seas. The high level of dependence of humans on marine assets is putting unprecedented pressure on marine ecosystems to service the ever-increasing demands of the growing global population. There is therefore an increasing need for regulation on the basis of an appropriate balance between the demand for oceans' natural resources and their sustainability (UNCTAD, 2014, p.1).

Healthy oceans and seas are essential to a more sustainable future for all. This is particularly true in the case of Small Island Developing States (SIDS). However, oceans are facing significant existential ecological risks that can negatively affect the social and economic prospects of all countries, particularly SIDS and coastal States that are acutely dependent on oceans. Some of these risks are a rise in sea levels due to climate change; acidification of oceans resulting from increased emissions of carbon dioxide; overexploitation and poor management of marine resources, including fisheries; wastewater runoff; deposit of pollutants into waterways; and the compromise of the seabed as a consequence of mineral resource prospecting and extraction (UNCTAD, 2014, p.1).

Latest

15 Nov 2019 - Adidas sustainability initiatives have shown the company’s deliberate strides towards creating a more circular economy

Approved

12 Nov 2019 - The European Investment Bank (EIB) has launched its Blue Sustainable Ocean Strategy, pledging €2.5bn for building a sustainable blue economy.

Approved

11 Nov 2019 - Costa Rica seeks to optimize the potential of a sustainable wild capture fisheries sector.

Approved

Ocean Innovation Africa 2019 will gather the key regional players of the ocean economy and tech ecosystem to start shaping Africa’s first ocean impact hub.

Event Date:
27/11/2019 - 12:00 to 18:00
Approved

29 Oct 2019 - Creating blue sukuk would present an opportunity for the Islamic finance industry to grow.

Approved

28 Oct 2019 - Governments, businesses, organizations and research institutions made commitments toward improving marine health and productivity worth more than $63 billion.

Approved

25 Oct 2019 - As a key variable in the fight against climate change, the world's oceans cannot be a mere afterthought on the global economic and environmental agenda.

Approved

17 Oct 2019 - The economic potential of the oceans is expected to double from US$1.5 trillion in 2010 to US$3 trillion by 2030.

Approved

11 Oct 2019 - Africa’s vision for the “Blue Economy” got a boost from African Development Bank Group (AfDB) this week, with the announcement of US $13.2 million in financing for fisheries and aquaculture in Malawi.

Approved

8 Oct 2019 - All elements of society must work together to assure the continued survival of our oceans, and that includes corporate action.

Approved

2 Oct 2019 - The University of the West Indies (The UWI) and UNDP signed a Memorandum of Understanding (MOU) to support governments in the creation of public policies to diversify their economies while ensuring inclusive growth and sustainable development.

Approved

27 Sept 2019 - 'Blue finance' aims to help raise funding for the responsible use of oceans.

Approved