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Oceans

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?

Weekly wire: The global forum

Roxanne Bauer's picture

World of NewsThese are some of the views and reports relevant to our readers that caught our attention this week.

Redefining aid could undermine fragile nations, says UN development chief
The Guardian
The decision to redefine overseas aid to include some military spending in fragile countries will hinder international efforts to help the poorest nations and could even undermine their stability, the UN’s development chief has warned. Last week, the Organisation for Economic Co-Operation and Development (OECD) revised the rules on what can be counted as foreign aid – technically known as official development assistance (ODA) – following lobbying from the UK and other member countries. Although proponents of the new definition argue that supporting military or security forces in fragile or war-ravaged states should be seen as a development aim and paid for from the aid budget, the move has been criticised by charities who fear it will mean less money reaches the poorest countries.

Emerging, developing countries gain ground in the tech revolution
Pew Research
A new Pew Research Center survey shows that across 40 countries surveyed in 2015, a median of 67% use the internet and 43% report owning a smartphone. But one trend stands out: People in emerging and developing nations are quickly catching up to those in advanced nations in terms of access to technology. Here are five takeaways on technology use in the emerging and developing world:
 

Campaign Art: Can we save the Ocean?

Davinia Levy's picture
People, Spaces, Deliberation bloggers present exceptional campaign art from all over the world. These examples are meant to inspire.

Our oceans are in deep trouble. Uncontrolled pollution and overfishing have brought the state of many of our seas and oceans to an unprecedentedly precarious situation.

In recent years, multiple campaigns have sparked to raise awareness of this situation and motivate people and governments to take action. For example, the Ocean Health Index measures ocean health across the regions in the World. One of these campaigns is One World One Ocean. Based in California, United States, this organization produces films, infographics, short videos and other media products to raise awareness of ocean degradation and to spark a global movement to protect the seas.

The video “Why the Ocean?” by One World One Ocean provides interesting and alarming data on the oceans’ situation and encourages everyone, everywhere to take action.
 
Why the Ocean?

The (actual and scientifically derived) healing power of the sea

Timothy Bouley's picture
 USFWS/Jim Maragos

This week is unique. December 1 was World AIDS Day –a moment to unite with the community touched by HIV and push forward in the fight. December 4 is Ocean Day at COP21 – an opportunity to advance the global ocean and climate agenda toward meaningful impact and action. Two important days with two very different purposes. And yet, each significant in commemorating critical causes that are often just outside the realm of everyday consideration. But it is not only this marginality that links them– and understanding this connection can only strengthen our imperative to act. 

Mauritania’s race against the rising sea

Nathalie Abu-Ata's picture
Photo by Nathalie Abu-Ata / World Bank


“If we don’t take action now…the city of Nouakchott will soon be underwater.” These words, spoken by Mauritania’s Minister on Environment and Sustainable Development Amedi Camara, during a recent workshop in the country’s capital city, echoed a recurrent theme during our visits with Mauritanian authorities and local communities alike. They have stuck with me since.

Floods are not a new phenomenon for Nouakchott. A busy port city on Africa’s west coast, Nouakchott is mostly below sea level and is particularly vulnerable to rising groundwater levels, seawater intrusions, porous soils, sand extractions, and heavy rains in low-lying areas. Poorly planned port infrastructure has dramatically altered the dynamic and flow of sediments along the coast leading to substantial erosion in the city’s south (up to 25 meters annually in some years).

To make matters worse, severe and sometimes deadly floods have struck the city in recent decades. Extreme weather and human interventions have played a significant role in making the capital, with one-third of the population, or 1 million people, increasingly vulnerable to floods. 

There is no planet B

Paula Caballero's picture
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.

Connecting the dots in 2015 for sustainable development

Paula Caballero's picture
View from the River Congo between Kinshasa and Lukolela, DR Congo. Photo by Ollivier Girard for CIFOR via Creative CommonsWhat will 2015 stand for? Only half-way through the year, it may be risky to make predictions. But 2015, a year in which the international community is supposed to forge new deals for climate action and sustainable development, should be a year rich in connections. A year in which the health of the planet is finally understood to be of central concern to the future of people. A year in which the management of natural resources – from fish stocks and fresh water, to fertile soil, forest habitats and the carbon in the atmosphere - is understood to have significant national, international and inter-generational consequences.

Awareness is certainly progressing. From the streets of Sao Paulo, Brazil - a country that hosts nothing less than the mighty Amazon River, to the farmlands of California, people are coming to the realization that resources such as water are not limitless. More and more businesses are looking at the security of their supply chains and the footprint of their operations with zeal fueled by self-interest. And countries seem poised to adopt Sustainable Development Goals that signal an understanding that economic, social and environmental issues are inherently interdependent.

Climate change, water shortages and other environmental crises are bringing home the message loud and clear: we need to connect the dots between human actions across the landscape and seascape, or the earth will cease to care for us. It will cease to grow food, to store water, to host fish and pollinators, to provide energy, medicine and timber. Changing temperatures will stress systems already overwhelmed by unsustainable patterns of production and consumption, while a growing middle class will further strain planetary boundaries.

How can we help economies develop better, for lasting poverty reduction and prosperity, within the limits of natural resources? How can we make more rational use of natural and financial resources to maximize social and economic benefits and reduce carbon emissions while increasing our resilience to climate extremes?

#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.

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