Financing a sustainable ocean economy

Ussif 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 and Junjie Zhang
Additional contact information
Melissa Walsh: Marine Conservation Finance Consulting and Ocean Finance Initiative, Asian Development Bank
Kelly Hoareau: University of Seychelles
Anthony Cox: Organization for Economic Co-operation and Development
Louise Teh: University of British Columbia
Patrízia Abdallah: Universidade Federal do Rio Grande—FURG
Wisdom Akpalu: Ghana Institute of Management and Public Administration
Zuzy Anna: SDGs Center Universitas Padjadjaran
Dominique Benzaken: Australian National Centre for Ocean Resources and Security
Beatrice Crona: The Royal Swedish Academy of Science
Timothy Fitzgerald: Environmental Defense Fund
Louise Heaps: WWF-United Kingdom
Ibrahim Issifu: University of British Columbia
Katia Karousakis: Organization for Economic Co-operation and Development
Glenn Marie Lange: The World Bank
Amanda Leland: Environmental Defense Fund
Dana Miller: Oceana-Europe
Karen Sack: Ocean Unite
Durreen Shahnaz: Impact Investment Exchange (IIX)
Torsten Thiele: London School of Economics
Niels Vestergaard: University of Southern Denmark
Nobuyuki Yagi: University of Tokyo

Nature Communications, 2021, vol. 12, issue 1, 1-11

Abstract: 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.

Date: 2021
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Working Paper: Financing a sustainable ocean economy (2021)
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DOI: 10.1038/s41467-021-23168-y

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