More than three billion people rely on the ocean for their livelihoods, the vast majority in developing countries. For many developing countries, ocean-based industries, such as tourism and fisheries, are key sources of income and jobs, and the way these sectors will develop in the future could either accelerate progress towards sustainable development or exacerbate the current unsustainable trends. Too often, these sectors have expanded with no sufficient consideration for environmental and social sustainability, creating low pay jobs and leading to environmental degradation. These sectors are also suffering from the impacts of climate change, ocean pollution and overfishing.
As economic activity in the ocean accelerates and the ocean becomes the center stage for a new range of economic activities, it is critical that developing countries be in a position to assess and balance the risks and rewards from new ocean-related economic activities and are able to turn new and emerging ocean-based sectors into catalysts for long-term and inclusive sustainable development.
To help meet these challenges, in early 2019 the OECD launched the Sustainable Ocean for All initiative led by the OECD Development Co-operation Directorate (DCD). This initiative offers original evidence and a policy space to support developing countries embark on sustainable ocean economies and to transition globally to a sustainable ocean economy that the poorest and most vulnerable countries, including small island developing states, can benefit from. More specifically, the Sustainable Ocean for All Initiative aims to: (i) enhance the knowledge base and policy options available to developing countries to achieve sustainable ocean economies; (ii) develop new evidence on development co-operation approaches to foster more effective and co-ordinated actions by international development co-operation actors in support of sustainable ocean economies in developing countries; (iii) align finance to the sustainable ocean economy, both public, private, international and domestic, through adequate domestic policies as well as better aligned development finance and international co-operation efforts; and (iv) increase opportunities for dialogue and mutual learning across countries and within ocean-related communities around the world, including ministries, agencies, academia, foundations, NGOs and the private sector.
September 2020 | REPORT
September 2020 | REPORT HIGHLIGHTS
September 2020 | FLYER
The ocean economy is a new economic frontier that can help developing countries boost employment, reduce poverty and enhance food security. At the same time, climate change, pollution, overfishing, and other pressures from human activity are pushing the health of oceans to a tipping point. If not addressed, this will put at risk the long-term economic benefits that the ocean can deliver as well as the resources on which all life on the planet ultimately depends.
Integrating environmental and social sustainability into the ocean economy is thus critical to ensuring a healthy ocean and the world’s future prosperity. Developing countries need to have access to the knowledge, innovations, capacity and financial resources needed for harnessing the benefits of sustainable ocean economies. Sustainable Ocean for All contributes to achieve this objective.
The project includes:
Learn more in the new OECD report "Sustainable Ocean for All: Harnessing the benefits of sustainable ocean economies for developing countries” which includes the latest trends in select ocean based industries, policy instruments to promote ocean sustainability and the first review of development finance and development co-operation practices in support of more sustainable ocean economies.
Small Island Developing States (SIDS) stand at a critical juncture on their paths to sustainable development. We provide statistical data and policy analysis to help them access concessional finance and other resources tailored to their circumstances and need.
As part of the Sustainable Ocean for All initiative, the OECD has begun to quantify and track global development finance for the ocean economy, providing estimates of the share that is sustainable. This platform is based on the OECD DAC Creditor Reporting System (CRS) and makes this data accessible for the period 2013-18.
This platform includes estimates on:
• Official Development Assistance (ODA) for the ocean economy;
• ODA for the sustainable ocean economy;
• ODA for land-based activities that reduce negative impacts on the ocean;
• Private finance mobilised via ODA for the ocean economy.