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Financing a sustainable ocean economy

Sumaila, U. Rashid, Walsh, Melissa, Hoareau, Kelly, Cox, Anthony, Teh, Louise, Abdallah, Patrízia, Akpalu, Wisdom, Anna, Zuzy, Benzaken, Dominique, Crona, Beatrice, Fitzgerald, Timothy, Heaps, Louise, Issifu, Ibrahim, Karousakis, Katia, Lange, Glenn Marie, Leland, Amanda, Miller, Dana, Sack, Karen, Shahnaz, Durreen, Thiele, Torsten, Vestergaard, Niels, Yagi, Nobuyuki and Zhang, Junjie (2021) Financing a sustainable ocean economy. Nature Communications, 12 (1). ISSN 2041-1723

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Identification Number: 10.1038/s41467-021-23168-y

Abstract

The ocean, which regulates climate and supports vital ecosystem services, is crucial to our Earth system and livelihoods. Yet, it is threatened by anthropogenic pressures and climate change. A healthy ocean that supports a sustainable ocean economy requires adequate financing vehicles that generate, invest, align, and account for financial capital to achieve sustained ocean health and governance. However, the current finance gap is large; we identify key barriers to financing a sustainable ocean economy and suggest how to mitigate them, to incentivize the kind of public and private investments needed for topnotch science and management in support of a sustainable ocean economy.

Item Type: Article
Official URL: https://www.nature.com/ncomms/
Additional Information: © 2021 The Authors
Divisions: LSE
Grantham Research Institute
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic Theory
S Agriculture > SH Aquaculture. Fisheries. Angling
Date Deposited: 24 Jun 2021 13:18
Last Modified: 20 Sep 2021 03:22
URI: http://eprints.lse.ac.uk/id/eprint/110928

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