Financing a sustainable ocean economy

U. Rashid Sumaila*, Melissa Walsh, Kelly Hoareau, Anthony Cox, Louise Teh, Patrízia Abdallah, Wisdom Akpalu, Zuzy Anna, Dominique Benzaken, Beatrice Crona, Timothy Fitzgerald, Louise Heaps, Ibrahim Issifu, Katia Karousakis, Glenn Marie Lange, Amanda Leland, Dana Miller, Karen Sack, Durreen Shahnaz, Torsten ThieleNiels Vestergaard, Nobuyuki Yagi, Junjie Zhang

*Corresponding author for this work

    Research output: Contribution to journalJournal articleResearchpeer-review

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    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.

    Original languageEnglish
    Article number3259
    JournalNature Communications
    Volume12
    Issue number1
    Number of pages11
    ISSN2041-1723
    DOIs
    Publication statusPublished - Dec 2021

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