The world has made tremendous progress in reducing poverty, but significantly less in managing the environment sustainably, particularly the ocean environment. Problems like pollution, overexploitation of fish stocks, biodiversity loss, overuse of water and land threaten countries´ development efforts.
Many partners recognize that Oceans are under severe threats. Speaking in economic terms, the living ocean provides a wealth of inter-related goods and services which produce a flow of benefits to human societies, such as income, and it is a tremendous natural capital asset for the global economy. Potential net gains from better managed fisheries alone would be at least in the order of a net present value of US$2.2 trillion, for example. However, overfishing, pollution, habitat loss and climate change have made the living ocean one of the earth´s most threatened natural systems.
The proposed session will introduce a global partnership effort that brings small island states and coastal developing nations together with some of the world´s premier ocean-focused organizations and bi-lateral country partners interested in pairing cutting edge knowledge with finance to support workable and scalable solutions that sustainably enhance the natural capital of Oceans.