Harnessing the Benefits of Sustainable Ocean Economies for Developing Countries
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.
This new OECD report includes the latest trends in select ocean based industries, policy instruments to promote ocean sustainability and the first review of development finance and development co-operation practices in support of more sustainable ocean economies.
As part of the Sustainable Ocean for All initiative, the OECD has begun to quantify and track global development finance for the ocean economy, providing estimates of the share that is sustainable. This platform is based on the OECD DAC Creditor Reporting System (CRS) and makes this data accessible for the period 2013-18.
This platform includes estimates on:
Official Development Assistance (ODA) for the ocean economy;
ODA for the sustainable ocean economy;
ODA for land-based activities that reduce negative impacts on the ocean;
Private finance mobilised via ODA for the ocean economy.