Harnessing blue capital for blue growth: Why invest?

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DOCUMENT TITLE 1 Author name Date Author name Date Author name Date Dr Essam Yassin Mohammed, International Institute for Environment and Development Dr Ben Milligan, Univesity College London Prof Dan Laffoley, IUCN Harnessing Blue Capital for Blue Growth: why invest?

Transcript of Harnessing blue capital for blue growth: Why invest?

Page 1: Harnessing blue capital for blue growth: Why invest?

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Dr Essam Yassin Mohammed, International Institute for Environment and Development

Dr Ben Milligan, Univesity College London

Prof Dan Laffoley, IUCN

Harnessing Blue Capital for

Blue Growth: why invest?

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Marine and Costal

Ecosystem Services

How to

harness these

opportunities

and attain a

resilient,

sustainable

and inclusive

ocean-based

economy?

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Marine and Coastal

Ecosystems: Benefits and threats

• Major source of

food: the main

or only source of

animal protein in

some poor

communities

• Some 45 million

directly

employed

• Up to 200 mill

indirectly

• The most traded

food commodity

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DateFisheries in crisis

The majority of

commercially/economically

important fish species are

fished beyond sustainable

levels

Market failure?

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DateValuation: what and how?

Adapted from Emerton 2006 (in Mohammed 2014)

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Benefits of marine and coastal

ecosystems to human wellbeing>2 billion people + 50% world’s major cities found within 50km

of coastal linesAccording to some studies, ocean services are worth US$23 trillion a

year - only slightly less than the world’s total GNP.

“…a cynic was a

man who knows

the price of

everything and the

value of nothing.”

Oscar Wilde

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5 sectors only

Aquaculture/fisheries

Coastal tourism

Blue biotechnology

Ocean energy

Seabed mining

€1,125,832,000 per year

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Investing in marine and coastal

ecosystems as economic

infrastructure [Good investment]

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A paradigm shift: Rationalising

behaviours

Socio

econom

ic g

ain

s

Management regimes (t)

How to overcome

this short-term

economic loss??

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DateInnovative financing

• Is Blue Capital “investable”?

• Expenditure to restore, maintain or enhance

• Marine/fisheries PES: (increasing interest from different groups)

• Blue bonds

• Trust funds

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DateThink 3 Dimensionally

Societal and Individual

net benefit

Ecological net

benefit

Political net benefit

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DOCUMENT TITLE 12

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DateKey messages

Resilient. Inclusive and sustainable

Blue Economy

Valuation

Incentives

Investing

Financing

Governance

Engagement

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“How inappropriate to call this planet Earth when it is quite clearly Ocean”

Arthur C. Clarke

Get involved:Visit: http://www.iied.org/fisheries

Join: FishNet(www.fishnet.ning.com)

To contribute to the Blue Capital report contact Dr Ben Milligan [email protected] O

FishNet is a community for all people

interested in fisheries. We aim to inspire

action for fisheries that work for today as well

as the future.