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

21 Jan 2020 - Turning sargassum seaweed into bioplastic and fish offal into fuel are among four industry startups to receive backing from UNDP.

Approved

16 Jan 2020 - The UNDP Barbados & the Eastern Caribbean Blue Economy Accelerator Lab (Blue Lab) has launched the first-ever “Blue Tank” ­– a dynamic forum where innovators will pitch ideas to help build a sustainable blue economy in the Caribbean.

 

Approved

13 Dec 2019 - Oceans Action Day included a number of high-level panel sessions. Speakers stressed the need to “break down the silos” between the ocean, biodiversity, and climate.

Approved

10 Dec 2019 - 15 islands, made up of more than 70,000 solar panels are being built in the Netherlands.

Approved

25 Nov 2019 - Swiss finance giant credit Suisse has partnered with The World Bank to issue a $28.6m (£22.2m) bond aimed at financing the protection and restoration of fresh and saltwater r

Approved

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 gathered 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