Proposing Regulatory-driven Blue Finance Mechanism for Blue Economy Development

Proposing Regulatory-driven Blue Finance Mechanism for Blue Economy Development

Author: Nagisa Yoshioka

Publisher:

Published: 2020

Total Pages:

ISBN-13:

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The ocean is being jeopardized because of the adverse effects of climate change and human activities, such as marine plastic pollution, extreme weather events, sea level rises, and others. In addressing these ocean risks, ensuring sufficient finance to sustain the ocean economy is an ever-present challenge, particularly for those vulnerable regions, coastal communities, and small island developing states. Blue Finance, as a concept, is thus critical to ensure sustainability and conservation of the marine ecosystem and resources aligned with economic growth. Ocean sustainability has attracted global finance initiated by multilateral development banks and international institutions. This paper explores the interconnection between stakeholders among agents in the Blue Finance mechanism to illustrate incentives to increase private investment in addition to public donations in financing ocean health protection and boosting the blue economy. We then attempt to propose potential regulatory and institutional arrangements incorporating the concept of the blue financing principles in the context of the relevant legal regimes concerning marine governance both at the international and domestic levels. We further elaborate on the potentials of these legal and institutional arrangements to provide incentives for increasing private investment in marine development programs seeking economic growth and sustainability.


Developing the Blue Economy

Developing the Blue Economy

Author: Robert C. Brears

Publisher: Springer Nature

Published: 2021-10-20

Total Pages: 338

ISBN-13: 3030842169

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Traditionally, the ocean economy is viewed solely as a mechanism for economic growth. In this business-as-usual approach, large-scale industrial economies have developed the ocean economy through the exploitation of maritime and marine resources, often without consideration of how those activities impact the future health or productivity of those same resources. This has led to aquatic ecosystems being viewed and treated as limitless resources; the marine environment becoming a dumping ground for waste; overfishing diminishing fishing stocks; ocean habitats being degraded from coastal developments; sea-level rise impacting coastal communities and infrastructure; increasing ocean acidification; and the marginalisation of poor coastal communities. Recognising the failings of the traditional ocean economy, there is a transition underway around the world towards the Blue Economy. This concept moves beyond the business-as-usual approach with economic development and ocean health complementary to one another. In the Blue Economy, the environmental risks of and ecological degradation from economic activity are mitigated or significantly reduced. Therefore, economic activity is in balance with the long-term capacity of the ocean ecosystems to support this activity and remain healthy and resilient. This book will provide an overview of the various technologies used to promote cross-sectoral and multi-scalar collaboration, facilitate the integrated management of sectors and resources, foster partnerships between governments and industry, encourage R&D in new technologies in resource use and management, and scale-up innovative financing mechanisms in the development of a Blue Economy. Also, the book will contain in-depth case studies that illustrate how locations, of differing climates, lifestyles and income levels, have implemented technologies to facilitate the development of the Blue Economy. Developing the Blue Economy will provide an accessible resource for practitioners and researchers working in the field on the various innovative technologies being implemented around the world to create a Blue Economy.


Financing the Blue Economy

Financing the Blue Economy

Author: Robert C Brears

Publisher: Independently Published

Published: 2024-08-07

Total Pages: 0

ISBN-13:

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Financing the Blue Economy: Investment Strategies and Partnerships for Sustainable Ocean Development offers a comprehensive exploration into the dynamic and rapidly evolving Blue Economy. This essential guide delves into the innovative financial strategies and collaborative partnerships that are driving sustainable ocean development. It covers a broad spectrum of topics, including traditional and innovative financial instruments, public and private sector financing, and the critical role of non-governmental organizations and research institutions. The book also addresses the challenges and barriers to financing, such as regulatory and policy hurdles, environmental and social risks, and the lack of data and information. By highlighting successful case studies and providing actionable recommendations, this book equips investors, policymakers, and stakeholders with the knowledge and tools needed to harness the potential of the Blue Economy. Emphasizing the importance of sustainable investing, strategic planning, and technological innovation, Financing the Blue Economy is an invaluable resource for anyone looking to contribute to and benefit from the sustainable growth of ocean-based industries. Whether you're a seasoned investor, a government official, or a passionate advocate for marine conservation, this book will inspire and guide you towards making impactful contributions to the future of our oceans.


Global Blue Economy

Global Blue Economy

Author: Md. Nazrul Islam

Publisher: CRC Press

Published: 2022-11-28

Total Pages: 531

ISBN-13: 1000730700

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A global blue economy is an economic arena that depends on the benefits and values realized from the coastal and marine environments. This book explains the "sustainable blue economy" as a marine-based economy that provides social and economic benefits for current and future generations. It restores, protects, and maintains the diversity, productivity, and resilience of marine ecosystems, and is based on clean technologies, renewable energy, and circular material flows.


Financing the Ocean Back to Health in Southeast Asia:

Financing the Ocean Back to Health in Southeast Asia:

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2021-12-01

Total Pages: 164

ISBN-13: 9292691643

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This publication provides an overview of the “blue economy” and emphasizes its significance for protecting the biodiversity of natural resources in Southeast Asia. The “blue economy” is defined as the sustainable use of ocean and coastal resources to drive economic growth and improve livelihoods, while protecting and nurturing marine ecosystems. In this publication, investment approaches, opportunities, and finance mechanisms that can promote and catalyze funds for a sustainable ocean economy are discussed. Multilateral and bilateral funding sources, a market-based approach, incentives, and regulations, among others, are presented. Also considered is the need to align these elements with a cohesive development framework for the blue economy.


The Ocean Economy in 2030

The Ocean Economy in 2030

Author: OECD

Publisher: OECD Publishing

Published: 2016-04-27

Total Pages: 256

ISBN-13: 9264251723

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This report explores the growth prospects for the ocean economy, its capacity for future employment creation and innovation, and its role in addressing global challenges. Special attention is devoted to the emerging ocean-based industries.


Preparing a Workforce for the New Blue Economy

Preparing a Workforce for the New Blue Economy

Author: Liesl Hotaling

Publisher: Elsevier

Published: 2021-05-27

Total Pages: 636

ISBN-13: 0128214325

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Preparing a Workforce for the New Blue Economy: People, Products and Policies discusses the Blue Economy, how the industry will develop, and how to train the next generation. The book considers the use of big data, key skillsets, training undergraduate and graduate students, the Transition Assistance Program (TAP) in the US, economic opportunities in African coastal countries, and governmental agencies, non-profits and NGO’s. Finally, a broad range of case studies are provided, covering oil spills, commercial fishing, data protection and harvesting, sustainability and weather forecasting, all presented to highlight the educational requirements of the workforce and potential economic opportunities. Coordinates efforts from different disciplines and sectors, and shares effective teaching practices and approaches Includes comprehensive case studies that highlight the educational requirements of the workforce and potential economic opportunities Presents a framework for unifying several workforce sectors that are dependent upon the ocean


Power and the Maritime Domain

Power and the Maritime Domain

Author: Greg Kennedy

Publisher: Taylor & Francis

Published: 2022-10-28

Total Pages: 262

ISBN-13: 1000775224

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This book offers a multi-disciplinary and multi-national approach to defining key elements required to define power within the maritime domain. The volume engages with the concept that the maritime domain is a multi-dimensional space embracing oceans, seas, waterways, including all elements of maritime power, related activities, infrastructure, resources and assets. It illustrates the complexity and interconnectivity of the factors that contribute to the appreciation, creation, and application of maritime power. In practical terms, the book highlights that the maritime domain is a continuum that interconnects countries, cultures, politics, economics, trade, environment, knowledge, and technological power globally. Perhaps most importantly, the maritime domain generates power of its own volition, as well as acting as a critical enabler for the creation of other types of nations power: economic, political, military, technological, intelligence and fiscal power, in particular. The book not only brings those various factors to the reader’s attention but, in the synthesis, also clarifies the connections between the various elements in creating a greater maritime whole. This book will be of great interest to students of maritime security, strategic studies and International Relations.


Building Industries at Sea - ‘Blue Growth’ and the New Maritime Economy

Building Industries at Sea - ‘Blue Growth’ and the New Maritime Economy

Author: Kate Johnson

Publisher: CRC Press

Published: 2022-09-01

Total Pages: 273

ISBN-13: 100079184X

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Throughout the world there is evidence of mounting interest in marine resources and new maritime industries to create jobs, economic growth and to help in the provision of energy and food security. Expanding populations, insecurity of traditional sources of supply and the effects of climate change add urgency to a perceived need to address and overcome the serious challenges of working in the maritime environment. Four promising areas of activity for ‘Blue Growth’ have been identified at European Union policy level including Aquaculture; Renewable Energy (offshore wind, wave and tide); Seabed Mining; and Blue Biotechnology. Work has started to raise the technological and investment readiness levels (TRLs and IRLs) of these prospective industries drawing on the experience of established maritime industries such as Offshore Oil and Gas; Shipping; Fisheries and Tourism. An accord has to be struck between policy makers and regulators on the one hand, anxious to direct research and business incentives in effective and efficient directions, and developers, investors and businesses on the other, anxious to reduce the risks of such potentially profitable but innovative investments.The EU H2020 MARIBE (Marine Investment for the Blue Economy) funded project was designed to identify the key technical and non-technical challenges facing maritime industries and to place them into the social and economic context of the coastal and ocean economy. MARIBE went on to examine with companies, real projects for the combination of marine industry sectors into multi-use platforms (MUPs). The purpose of this book is to publish the detailed analysis of each prospective and established maritime business sector. Sector experts working to a common template explain what these industries are, how they work, their prospects to create wealth and employment, and where they currently stand in terms of innovation, trends and their lifecycle. The book goes on to describe progress with the changing regulatory and planning regimes in the European Sea Basins including the Caribbean where there are significant European interests. The book includes:• Experienced chapter authors from a truly multidisciplinary team of sector specialisms• First extensive study to compare and contrast traditional Blue Economy with Blue Growth• Complementary to EU and National policies for multi-use of maritime space


The Empty Sea

The Empty Sea

Author: Ilaria Perissi

Publisher: Springer Nature

Published: 2021-02-12

Total Pages: 203

ISBN-13: 3030518981

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The “Blue Economy” is used to describe all of the economic activities related to the sea, with a special emphasis on sustainability. Traditional activities such as fisheries, but also undersea mining, tourism, and scientific research are included, as well as the phenomenal growth of aquaculture during the past decade. All of these activities, and the irresistible prospect of another new frontier, has led to enthusiastic and, most likely, overenthusiastic assessments of the possibilities to exploit the sea to feed the world, provide low-cost energy, become a new source of minerals, and other future miracles. This book makes sense of these trends and of the future of the blue economy by following our remote ancestors who gradually discovered the sea and its resources, describing the so-called fisherman’s curse – or why fishermen have always been poor, explaining why humans tend to destroy the resources on which we depend, and assessing the realistic expectations for extracting resources from the sea. Although the sea is not so badly overexploited as the land, our demands on ecosystem services are already above the oceans’ sustainability limits. Some new ideas, including “fishing down” for untapped resources such as plankton, could lead to the collapse of the entire marine ecosystem. How Neanderthals crossed the sea in canoes, how it was possible for five men on a small boat to kill a giant whale, what kind of oil the virgins of the Gospel put into their lamps, how a professor of mathematics, Vito Volterra, discovered the “equations of fishing,” why it has become so easy to be stung by a jellyfish while swimming in the sea, and how to play “Moby Dick,” a simple board game that simulates the overexploitation of natural resources are just some of the questions that you will be able to answer after reading this engaging and insightful book about the rapidly expanding relationship between humanity and the sea.