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Oceans

Translating the language of fisheries economists for global ocean health

Timothy Bouley's picture

Economists speak a secret language. Markets, management, supply, costs, returns, rents – words I think I know, until I see them on a PowerPoint slide with a graph and an equation that starts with a sigma. Suddenly, it becomes clear these markets aren’t only the ones where I buy my peaches and rent is something more than a monthly check.

This past week I attended the bi-annual conference for the International Institute of Fisheries Economics and Trade. The hottest topics in fisheries economics were presented – the global state and outlook of aquaculture, capture fishery models, artisanal fishing, governance, rights based management, individual transferrable quotas, the impact of climate change, and dozens of others. Mostly comprising academics, the talks were technical, pithy, and representative of latest. An honest opportunity for discourse amongst equals to share and vet their work on ocean economies.

As a non-economist, I was in the minority here (though not a complete outsider – ecologists, trade experts, and fishermen were also in the mix). In spite of this lack of ‘expertise’ it is clear that the issue of ocean health is an economic one. We lose billions of dollars every year from mismanaging our fisheries and degrading ocean habitats. That money comes out of everyone’s our pockets. From small-scale fishers to large industry fleets to average consumers, we all pay the price. Economics can indeed play a large role in solving our ocean health problems, how challenging it is to get economists to agree on these solutions is another matter…    

Measuring What Matters: Acknowledging Nature’s Role in the Global Economy

Russ Mittermeier's picture
Also available in: Español
Countries Go Beyond GDP to Make Natural Capital Count for Development

“Accounting” may not be a word that gets many pulses racing. But what if I told you that a new kind of accounting — called natural capital accounting — could revolutionize the way the world’s nations assess and value their economies?
 
Currently, gross domestic product (GDP) is the most widely used indicator of a country’s economic status. But while this number places a value on all the goods and services produced by that economy, it doesn’t account for its “natural capital” — the ecosystems and the services they provide, from carbon sequestration to freshwater regulation to pollination.

A Wave of Commitments for Ocean Health

Valerie Hickey's picture


The Global Oceans Action Summit closed not with a call for action as is so typical of conferences these days, but with a series of very real and resourced commitments to shared and urgent action.Hosted by the Government of the Netherlands, this summit convened around the consensus goal of healthy oceans, and brought the public and private sectors, civil society actors, local communities and even local Dutch fisherfolk to the table. Diverse groups came together to talk, listen and make commitments.

A Coalition of the Working – That’s What the Oceans Need

Rachel Kyte's picture
Also available in: العربية | Español | Français
Los océanos nos necesitan


​What is it about oceans? Ocean events seem to be getting bigger and broader in their participation. No matter whether the people in the room are representing government, seafood companies, private foundations, or conservation groups, they are unified by one thing: the need for serious action and soon.

What Should Illegal Logging and Illegal Fishing Have in Common?

Julian Lee's picture
Also available in: Español | Français
Fishing off the coast of Namibia. John Hogg/World BankThe value of the fishing and aquaculture industries exceeds US$190 billion annually and an estimated 240 million people depend on marine fisheries for their jobs. There’s no doubt that oceans generate big business. And where there’s profit to be made, there are sure to be people who don’t play by the rules. As a result, an estimated 18 percent of global fishing happens illegally.

Why should this matter to people who care about development? Illegal fishing can undermine the livelihoods of poor people who depend on the ocean to make a living. The evasion of tax and royalty regimes can deprive developing countries up to hundreds of millions of dollars a year in much-needed revenues. In some regions, the rate of illegal fishing is high enough to endanger the sustainable management of a resource already stressed by overfishing.

Why We Have to Save the Ocean

Sri Mulyani Indrawati's picture
Also available in: Русский | العربية

Available in Español, Français, 中文

There is hardly a better place to focus on the ocean than Cape Town, South Africa. With the dramatic Twelve Apostles mountain range as a backdrop, only a narrow street separated us from the Atlantic coastline embracing this city. On March 20, I attended the first meeting of the Global Ocean Commission, a new independent task force of international leaders looking for ways to protect the high seas.

When Minister Trevor Manuel of South Africa invited me to join as a commissioner, I did not hesitate. As an Indonesian, I understand all too well both the predicament and the value of the ocean. At the World Bank, we have been participating in the development of a Global Partnership for Oceans (GPO), a coalition of over 125 groups aiming to increase investment and collaboration in a healthier ocean that can do more to reduce poverty.

The Global Ocean Commission was launched on February 12, 2013, to develop policy ideas and build international coalitions to reverse the degradation of the high seas – the part of the ocean that is not under the jurisdiction of any one nation. For that reason, the commission is a powerful complement to the GPO, which focuses largely on supporting countries’ efforts to better manage their coastal waters.

If you were to ask me what our biggest challenge is, I would say it is to convince politicians who have to grapple with day-to-day domestic issues that the ocean matters.

During my stay in Cape Town, I listened to a lot of conclusive science and saw a lot of convincing economic data. Let’s be clear, the facts are stark. If we don’t act, the ocean’s future—and by extension ours—is bleak.

Here it is in a nutshell:  One billion people in developing countries depend on fish as their primary source of protein, and 350 million jobs are linked to the health of the oceans. Yet 57% of ocean fisheries are fully exploited. Another 30% are over-exploited, depleted or recovering. An increasing share of important marine habitats like coral reefs, mangroves and sea grass beds are being destroyed or degraded. You can learn about the impact in this video.

Putting Nature at the Heart of Economic Decisions

Rachel Kyte's picture

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To put nature at the heart of economic decisions, government, the private sector & the conservation community must reach across the aisle.

Look around the world, and you’ll see abundant reasons to worry about nature and its capacity to sustain us. Over 60 percent of ecosystems are in worse shape now than 50 years ago; 85 percent of ocean fisheries are fully exploited, over-exploited or depleted; half of all wetlands have been destroyed since 1900; and climate change is changing everything.

But at the same time, if you look carefully, there are reasons for cautious optimism.

Longreads: Hope Withers With Harvest, More Fish More Money, Aging Workforces Drive Jobs to SE Asia, Mapping Toilets in Mumbai

Donna Barne's picture

Find a good longread on development? Tweet it to @worldbank with the hashtag #longreads.

 

Drought, food prices, and global warming remain hot topics as crops in the United States wilt under the hot sun, raising fears of another food price crisis. The Guardian chronicles the corn belt’s adverse conditions – and the implications for the rest of the world in “America’s Corn Farmers High and Dry as Hope Withers With Their Harvest.” (For a view from South Africa on the drought’s ripple effect, see Independent Online’s “US drought puts pressure on SA food prices”.) On another food supply issue, Co.exist highlights a new study on the costs and benefits of rebuilding global fisheries in “More Fish Means More Money.” The bottom line: rebuilding fisheries would begin to pay off in 12 years, the study says. The New York Times blog India Ink relates an effort to address another huge challenge—access to sanitation—in “Mapping Toilets in a Mumbai Slum Yields Unexpected Results.” Bloomberg looks at the coming demographic dividend in Southeast Asia, where young workers are expected to gain jobs as workforces age in Japan, Korea and China.

How a Week in Rio Leads to an Active Monday Morning

Rachel Kyte's picture

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What will you do Monday morning to start making a difference? UN Photo/Maria Elisa Franco

We came to Rio+20 determined that one outcome of the UN Conference on Sustainable Development must be a plan for what ministers of finance, development and environment and ourselves need to do differently Monday morning, June 25th  – if we are to achieve sustainable development for all. 

We have our plan.

We came to Rio+20 knowing that inclusive green growth is the pathway to sustainable development, and the evidence here is that this international community agrees. 

The analysis behind the World Bank’s report Inclusive Green Growth: The Pathway to Sustainable Development framed many of the conference debates and helped facilitate a new focus on natural capital accounting – a fundamental component of inclusive green growth.

According to the 59 countries, 86 companies, and 17 civil society organizations that supported the World Bank Group-facilitated 50:50 campaign – as well as many others – natural capital accounting is an idea whose time has come.   

In fact, natural capital accounting events filled the Rio Convention Center, and government and civil society groups alike highlighted the importance of moving beyond GDP.

This new energy and emphasis around this issue may be the most important outcome of Rio+ 20. 

A Little Less Conversation, A Little More Action on Oceans

Rachel Kyte's picture

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Taina Tagicakibau, permanent secretary for Fiji’s Environment Department. Credit: Mariana Kaipper Ceratti
Taina Tagicakibau, permanent secretary for Fiji’s Environment Department, reaches out to a public audience during Rio +20 to explain the need for action to restore the world's oceans to health. Photos: Mariana Kaipper Ceratti/World Bank


It was an important day for the oceans at Rio +20. With negotiations around the Rio outcome text now reaching a crucial stage, it was good to get away from all the talk about words, to actually talk about action.

At the Global Ocean Forum – a gathering of ocean thinkers and doers on the sidelines of the Rio +20 conference – I announced the official birth of the Global Partnership for Oceans. It felt good to announce that 83 countries, civil society groups, private companies, research bodies and more have joined forced to make things happen for better managed, better protected oceans. Each of them has “signed on” (by email) to the Declaration for Healthy, Productive Oceans to Help Reduce Poverty (pdf). Read it and tell us what you think.

It has been inspiring to see the excitement that has gathered around this partnership. Country after country is now talking about the crisis facing oceans, the lack of action on all the unmet promises since the last Rio conference, and the fact that it’s time for all interests – public, private, non-government – to come together around innovative solutions.

It’s time for a global platform of action.

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