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Fisheries

Innovation drives Seychelles blue economy approach

Maria Damanaki's picture
Also available in: Français
© The Ocean Agency
© The Ocean Agency


Our oceans provide everything from food for billions around the world, to protecting communities and economies from storms—bringing it at least $1.5 trillion to the global economy every year. But they also face a barrage of threats, from marine pollution and dwindling fish stocks, to the dramatic effect of climate change on coastal communities. Such challenges require new ways of thinking and innovative financing tools that address both the health and economic wealth of our oceans.
 
Seychelles is a good example of a country that is going beyond business as usual when it comes to preserving its natural assets. In 2016, the Seychelles completed an innovative debt-for-nature conversion with The Nature Conservancy. This deal raised funding to buy $21 million of Seychelles’ sovereign debt to refinance it under more favorable terms, and then direct a portion of repayments to fund climate change adaptation, sustainable fisheries, and marine conservation projects – as well as to create an endowment for the benefit of future generations of Seychellois.

How improving fisheries' governance in West Africa improves fishermen’s livelihoods

Stephen Akester's picture
© Stephen Akester/World Bank
© Stephen Akester/World Bank

I first met Solomon in the early 1980s on Sierra Leone’s Plantain Island, when he volunteered his canoe for a trial program modernizing sails to reduce dependence on petrol for outboard engines. Solomon soon became my friend, and I followed his fortunes and struggles as a fisherman working on Yawri Bay.

Solomon died before he could see the positive outcomes in sustainable fisheries management in West Africa. I especially wish he could have reveled in recent reduction in illegal fishing and large scale industrial trawlers that had taken away his livelihood. Instead, the narrative of his life captures the harsh existence of fishing communities and the added burdens they have had to bear as successive governments failed to manage the once limitless fishing on which they depend. 

When resilience means leaving your home and making a new one

Margaret Arnold's picture

© Margaret Arnold/ World Bank

Along the beach in Mondouku, Côte d'Ivoire, a group of fishermen have just returned with their catch. Many of them come from neighboring Ghana, and they tell us that they come to the Ivorian part of the coast because there are more fish here. Still, they explain that the fish are smaller in size and number compared to previous years. The beach they are sitting on is lined with small hotels and cabanas destroyed in a storm surges over the past few years. A bit further down the coast, near the Vridi Canal, we speak with Conde Abdoulaye, who runs the lobster restaurant that his father ran before him. Even at low tide, the water laps against the steps of the restaurant and a retaining wall which he has rebuilt numerous times. He says he knows it is inevitable that at some point the sea will swallow his restaurant, and he will have to leave. He blames the canal for most of the beach erosion, but also acknowledges that changing weather patterns and increasing storms have contributed to the damage.

A tale of two disasters: Communities connecting and learning from each other

Margaret Arnold's picture
Also available in: 日本語
Community members from Nepal learn how to make paper jewelry crafts from Ibasho-Japan elders.
Community members from Nepal learn how to make paper jewelry crafts from Ibasho-Japan members. 
(Photo: Margaret Arnold / World Bank)
In the aftermath of the earthquake that struck Nepal in April 2015, Santoshi Rana of Bihani, a social venture working with elderly community members in Kathmandu, noticed that many efforts engaged the youth in relief and recovery activities. “Our elderly were completely left out of the equation, and were treated as passive beneficiaries in need of care.” So she took to the Internet to see what resources she could find. She came across a World Bank-Global Facility for Disaster Reduction and Recovery (GFDRR) report, “Elders Leading the Way to Resilience,” which assessed the impact of Ibasho café, an elder-led recovery effort in Ofunato, Japan, following the Great East Japan Earthquake (GEJE) in 2011.

Ibasho: a Japanese approach to community resilience

In Ofunato, elder community members planned and built the Ibasho Café, which serves as a hub to restore the fabric of a community badly damaged by the GEJE disaster. Ibasho Café is an informal gathering place that brings the community together. All generations connect in that space, with children coming to read books in the English library, older people teaching the young how to make traditional foods, younger people helping their elders navigate computer software, etc. With the elderly actively engaged in the operation of the Ibasho café, the place helps build social capital and resilience, while changing people’s mindsets about aging. The café runs as a sustainable business and, over time, has developed a noodle shop, an organic farm, and a farmers market to further support its operation.

In 2014-2015, GFDRR supported the documentation of the Ibasho experience in Japan. Learning about this experience, Santoshi realized the elders and women of her community could also lead the way, and reached out to Emi Kiyota, head of Ibasho, the NGO that facilitated the process in Ofunato.

You liked Oceans 11? Wait till you see Oceans 2030

Yuvan A. Beejadhur's picture
 Arne Hoel / World Bank.

The ocean is a powerful resource and the next economic frontier. WWF estimates that the ocean economy is the 7th largest economy, valued at US$ 24 trillion. With more than 6 million women directly employed in the fishery sector, and global job numbers set to grow to 43 million by 2030, the oceans are roaring. Yet, its natural capital has been systematically undervalued and overdrawn. According to the Bank’s Sunken Billions Revisited report, we are foregoing about $85 billion a year in additional revenues due to the mismanagement of fisheries. It is imperative that countries and citizens make informed decisions on resources, spatial planning and other important factors including the costs of marginalizing poor communities and the loss or degradation of critical habitats.
 
But oceans are often neglected in the development discourse. Obtaining the SDG 14 goal on oceans was a gargantuan, albeit noble effort. The Financing for Development architecture, the “Life below Water” goal and the Intended Nationally Determined Contributions (INDCs) made in Paris, urge us to capitalize on a new narrative: long-term financing of sustainable ocean economies in a climate change context.
 
Enter Oceans 2030
This is why the Bank is looking at oceans anew. People who saw our Oceans 2030 banner asked us if George Clooney or Julia Roberts were attending the 2016 Spring Meetings. While neither could make it, 20 Ministers of Finance and their representatives came to the first high-level ministerial dialogue, “Oceans 2030: Financing the Blue Economy for Sustainable Development”
                                                           
With a cast including Bank VP Laura Tuck and Ségolène Royal, France’s Minister of Environment, Energy and the Sea (and COP-21 President), countries tackled complex questions about the ‘Blue Economy’. What’s stopping us from maximizing returns in jobs and GDP from a thriving blue economy with growing natural resource assets? How can we reduce uncertainty and produce sustainable, investable projects? Whether it is Seychelles’s blue bonds, USA on eco-tourism, the ‘Gabon Bleu’ or Colombia’s actions to address the inequality in coastal populations, countries are starting to see the merits of a balanced approach for harnessing the potential and wealth of oceans. They’re looking for ideas, finance, and knowledge to grow sectors like aquaculture, marine tourism especially cruises, marine biotechnology and cancer research.

Sustainable Fisheries – an emerging new normal?

Valerie Hickey's picture
Tanzania, Zanzibar fisherman. Sonu Jain. World Bank

Last month I had the pleasure of attending a ‘trilogue’ organized by the European Commission for policymakers, scientists and the private sector on the subject of fisheries. I realized very quickly that the discussion went well beyond a traditional view of fisheries and instead was focused on sustainable fishing –  no longer a long-term ambition but a real-time response to the need to grow economies and prepare to feed the additional 2+ billion people coming to dinner in the next 20 years. It seems that sustainable fishing – definitely not quickly enough and certainly not everywhere yet – is an emerging new normal. Just how has this happened?

There is no planet B

Paula Caballero's picture
Also available in: Français | Español | العربية
Zanizbar, Tanzania. Photo by Sonu Jani / World Bank

At this week's UN Sustainable Development Summit, the world's oceans will be getting the attention they have long deserved -- but not always received. They are the focus of Sustainable Development Goal 14: "Conserve and sustainably use the oceans, seas, and marine resources for sustainable development."

The inclusion of oceans for the first time in the international-development agenda illustrates the ambitious and holistic view of challenges and solutions that nations are embracing. With the SDGs, nations are calling for a future in which nature is managed to drive economies, enhance well-being and sustain lives -- whether in Washington or Nairobi, on land or sea.

Fifteen years ago, nations convened at the UN and created an unprecedented set of guideposts, the Millennium Development Goals. In that timespan, the number of people living in extreme poverty was more than halved. But the oceans were not part of those goals. We now have the opportunity to focus minds globally on restoring healthy oceans for resilient economies and thriving communities. 

This attention comes not a moment too soon.

#BestOf2014: Six Popular Environmental Stories You Shouldn’t Miss

Andy Shuai Liu's picture
As we get ready to kick off the new year, let’s recount the voices and stories about how we can enhance the way we interact with our planet. From Ethiopia to Indonesia, we’ve seen our efforts improve lives and help incomes grow as countries and communities strive for greener landscapes, healthier oceans and cleaner air.
 
Take a look back at some of the most popular stories you may have missed in 2014:
 
1. Raising More Fish to Meet Rising DemandPhoto by Nathan Jones via Flickr CC BY-NC 2.0

Aquaculture is on the rise to help feed a growing population. New #Fish2030 report: http://t.co/0fbH4fLDJO http://t.co/Lm5eHsGZaR

— World Bank (@WorldBank) February 6, 2014

Trade in Fishing Services—Good or Bad? Separating Myth from Fact

Tim Bostock's picture
Small-scale fishers in West Africa. Courtesy MRAG, Ltd.A colleague recently quizzed me on the extent to which our latest report—Trade in Fishing Services: Emerging Perspectives on Foreign Access Agreements—specifically addresses the World Bank’s goals of reducing poverty and sharing prosperity in developing countries. My brief answer was “comprehensively!”. Helping the poor and protecting the environment may not be the first things that pop into your mind when you think about foreign fishing access arrangements. However, when considered as international trade in fishing services, these arrangements do have the potential to deliver real benefits to the poorest people in developing countries. How? Well, let’s immediately dive deeper into the report…
 
Foreign access rarely receives good press. Although over half of the world’s exclusive economic zones are subject to some form of foreign fishing arrangement, there is a perception that industrialized nations are "giving with one hand while taking away with the other." Criticism abounds regarding the role that foreign fleets play in overexploiting coastal state fish stocks, in engaging in illegal and unreported activity, in contributing to conflicts with small-scale fisheries and in generally undermining domestic fishing interests in vulnerable developing economies.

Empowering new generations to act

Paula Caballero's picture
Also available in: العربية | Español | Français | 中文
Photo by CIAT via CIFOR FlickrWhen I look at the rate of resource depletion, at soil erosion and declining fish stocks, at climate change’s impacts on nearly every ecosystem, I see a physical world that is slowly but inexorably degrading. I call it the "receding reality"—the new normal—slow onset phenomena that lull us into passivity and acceptance of a less rich and diverse world.

In my lifetime, I have seen waters that were teeming with multi-colored fish, turn dead like an empty aquarium. I have seen the streets of Bogota, my home town, lose thousands of trees in a matter of years.

It’s tempting to feel demoralized. But as the world’s protected area specialists, conservationists and decision makers gather in Sydney, Australia, this week for the World Parks Congress, there is also much to hope for.

 

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