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Financing a sustainable ocean economy

Author

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

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.

Suggested Citation

  • Sumaila, U. Rashid & Walsh, Melissa & Hoareau, Kelly & Cox, Anthony & Teh, Louise & Abdallah, Patrízia & Akpalu, Wisdom & Anna, Zuzy & Benzaken, Dominique & Crona, Beatrice & Fitzgerald, Timothy & Hea, 2021. "Financing a sustainable ocean economy," LSE Research Online Documents on Economics 110928, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:110928
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    File URL: http://eprints.lse.ac.uk/110928/
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    Other versions of this item:

    • 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 &, 2021. "Financing a sustainable ocean economy," Nature Communications, Nature, vol. 12(1), pages 1-11, December.

    References listed on IDEAS

    as
    1. Sarah Harper & Marina Adshade & Vicky W Y Lam & Daniel Pauly & U Rashid Sumaila, 2020. "Valuing invisible catches: Estimating the global contribution by women to small-scale marine capture fisheries production," PLOS ONE, Public Library of Science, vol. 15(3), pages 1-16, March.
    2. Mr. David Coady & Ian W.H. Parry & Nghia-Piotr Le & Baoping Shang, 2019. "Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates," IMF Working Papers 2019/089, International Monetary Fund.
    3. Alex Edmans, 2014. "Blockholders and Corporate Governance," Annual Review of Financial Economics, Annual Reviews, vol. 6(1), pages 23-50, December.
    4. repec:dau:papers:123456789/10980 is not listed on IDEAS
    5. Hemer, Mark A. & Manasseh, Richard & McInnes, Kathleen L. & Penesis, Irene & Pitman, Tracey, 2018. "Perspectives on a way forward for ocean renewable energy in Australia," Renewable Energy, Elsevier, vol. 127(C), pages 733-745.
    6. Irene Basile & Jarrett Dutra, 2019. "Blended Finance Funds and Facilities: 2018 Survey Results," OECD Development Co-operation Working Papers 59, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Huang, Xinpeng & Meng, Fanshi, 2023. "Digital finance mitigation of ' resource curse ' effect: Evidence from resource-based cities in China," Resources Policy, Elsevier, vol. 83(C).

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    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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