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

19 Nov 2018The Lab has opened its call for proposals for the 2019 cycle, seeking innovative financial ideas that can unlock investment to tackle some of the most difficult climate and sustainable development challenges.

Approved

15 Nov 2018 - The blue economy represents the long-term sustainable use of ocean and coastal resources. This UNDP blog looks at ways this can be financed in the Caribbean.

Approved

14 Nov 2018 - The old ideas of “smallness” and “remoteness” of SIDS are giving rise to “agility,” “potentiality,” and what are now called “large ocean states.”

Approved
Kenya hosted the inaugural Sustainable Blue Economy Conference – the first global conference on the sustainable blue economy.
Event Date:
26/11/2018 - 09:15 to 28/11/2018 - 17:15
Approved

5 Nov 2018 - The Republic of Seychelles has launched the world’s first sovereign blue bond—a pioneering financial instrument designed to support sustainable marine and fisheries projects.

Approved

30 Oct 2018 - The EU made 23 new commitments, representing €300 million for the blue economy; climate change impacts; marine pollution; marine protection and sustainable fisheries.

Approved

26 Sept 2018 - The multi-donor trust fund aims to tackle marine pollution, manage fisheries and facilitate the sustainable growth of coastal economies. The trust fund aims to support a healthy and productive ocean, in line with SDG 14 (life below water).

Approved

6 Sep 2018 - The World Bank launched the first in a series of bonds designed to raise awareness about the importance of ocean and water resources.

Approved

24 Aug 2018 - Scientists have cataloged over 30 ways that the sea supports human well-being, including providing a source of nutrition, supplying raw materials and supporting recreational activities.

Approved

8 Aug 2018 - Denim made from ocean-trash plastic? Recycled fishnets? Meet the wave of the future.

Approved
13 Jul 2018 - A one-stop shop for ocean literacy sharing existing global ocean...
Approved

12 Jul 2018 - The ocean contributes $1.5 trillion annually to the global economy and assures the livelihood of 10-12 percent of the world’s population. But there’s another reason to protect marine ecosystems—they’re crucial for curbing climate change.

Approved
socrates