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    in a Blue World SYNTHESIS REPORT

    UNDESA

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    UNEP, FAO, IMO, UNDP, IUCN, World Fish Center, GRID-

    Arendal, 2012, Green Economy in a Blue Worldwww.unep.org/greeneconomy and www.unep.org/

    regionalseas

    ISBN: 978-82-7701-097-7

    Layout by UNEP/GRID-Arendal, www.grida.no

    UNEP promote

    environmentally sound practices

    globally and in our own activities. This

    publication is printed on ully recycled paper,

    FSC certifed, post-consumer waste and chlorine-

    ree. Inks are vegetable-based and coatings are water-

    based. Our distribution policy aims to reduce

    our carbon ootprint.

    United Nations Environment Programme (UNEP)

    UNEP coordinates United Nations environmental

    activities, assisting developing countries in implementing

    environmentally sound policies and practices. It was ounded

    as a result o the United Nations Conerence on the HumanEnvironment in June 1972. Its mission is to provide leadership

    and encourage partnership in caring or the environment by

    inspiring, inorming and enabling nations and peoples to

    improve their quality o lie without compromising that o

    uture generations.

    Food and Agriculture Organisation (FAO)

    Achieving ood security or all - to make sure people have regular

    access to enough high-quality ood to lead active, healthy lives

    is at the core o all FAO activities, including or fsheries and

    aquaculture. FAOs mandate is to raise levels o nutrition, improve

    agricultural productivity, better the lives o rural populations and

    contribute to the growth o the world economy. Fisheries and

    aquaculture have the capacity i supported and developed

    responsibly to contribute signifcantly to improving the well-being o poor and disadvantaged communities. The vision

    o FAO or these sectors is a world in which responsible and

    sustainable use o fsheries and aquaculture resources makes

    an appreciable contribution to human well-being, ood security

    and poverty alleviation. The FAO Fisheries and Aquaculture

    Department, in particular, aims to strengthen global governance

    and the managerial and technical capacities o members and to

    lead consensus-building towards improved conservation and

    utilisation o aquatic resources.

    International Maritime Organisation (IMO)

    IMO is the United Nations (UN) specialised agency with

    responsibility or the saety and security o shipping and the

    prevention o marine pollution by ships. International shipping is

    the carrier o world trade, transporting around ninety percent oglobal commerce. Being an international industry shipping needs a

    global regulatory ramework in which to operate. IMO,

    with its 170 Member States, provides this ramework

    and has adopted 52 treaties regulating virtually every

    technical aspect o ship design and operation, the most

    important o which concerning the saety o lie at

    sea and the protection o the environment today apply on

    ninety-nine percent o the worlds merchant eet. IMO adopts

    international shipping regulations but it is the responsibility

    o Governments to implement those regulations. IMO has

    developed an Integrated Technical Co-operation Programme

    (ITCP) designed to assist Governments which lack the technical

    knowledge and resources needed to operate a shipping industry

    saely and eciently.

    United Nations Development Programme (UNDP)

    UNDP is the United Nations global development network, an

    organisation advocating or change and connecting countries

    to knowledge, experience and resources to help people build

    a better lie. UNDP is on the ground in 177 countries, working

    with them on their own solutions to global and national

    development challenges. As they develop local capacity, they

    draw on the people o UNDP and its wide range o partners.

    Through its Ocean and Coastal Governance Programme, UNDPis working in cooperation with many other UN agencies, the

    Global Environment Facility, international fnancial institutions,

    regional fsheries organisations and others to improve oceans

    management and sustain livelihoods at the local, national,

    regional and global scales through eective oceans governance.

    The United Nations Department o Economic and Social

    Afairs (DESA)

    DESA and its predecessors have helped countries around the

    world meet their economic, social and environmental challenges

    or more than 50 years.

    DESAs mission - to promote development or all - reects a

    undamental concern or equity and equality in countries large

    and small, developed and developing.

    IUCN Global Marine Programme

    Founded in 1948, The World Conservation Union brings together

    States, government agencies and a diverse range o non-

    governmental organizations in a unique world partnership:

    over 1000 members in all, spread across some 140 countries. As

    a Union, IUCN seeks to inuence, encourage and assist societies

    throughout the world to conserve the integrity and diversity o

    nature and to ensure that any use o natural resources is equitable

    and ecologically sustainable.

    WorldFish Center

    The WorldFish Center an organization dedicated to reducing

    poverty and hunger by improving fsheries and aquaculture. It is

    an international, non-proft research organization that ocuses on

    the opportunities provided by fsheries and aquaculture to reducepoverty, hunger and vulnerability in developing countries. The

    WorldFish Center is one o the 15 members o the Consortium o

    International Agricultural Research Centers supported by the

    Consultative Group on International Agricultural Research (CGIAR),

    a global partnership that unites the organizations engaged in

    research or sustainable development with the unders o this

    work. The unders include developing and industrialized country

    governments, oundations, international and regional organizations.

    GRID-Arendal

    GRID-Arendal is a collaborating centre o the United Nations

    Environment Programme (UNEP). Established in 1989 by the

    Government o Norway as a Norwegian Foundation, its mission

    is to communicate environmental inormation to policy-makers

    and acilitate environmental decision-making or change. This isachieved by organizing and transorming available environmental

    data into credible, science-based inormation products, delivered

    through innovative communication tools and capacity-building

    services targeting relevant stakeholders.

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    FOREWORD

    The marine environment provides humanity

    with a myriad o services ranging rom ood

    security and climate regulation to nutrient

    cycling and storm protection. These in turn

    underpin lives and livelihoods in sectors rom

    tourism to fsheries.

    Yet despite this importance, the last three to

    our decades have seen increasing degradation

    o oceans as a result o, or example, pollution

    rom land-based sources, overfshing and

    increasingly, climate change.

    This in turn, is threatening the livelihoods

    o millions o people around the world who

    depend on these critical ecosystems or their

    primary source o protein and or job security

    both directly and indirectly.

    With a growing population, set to rise rom seven

    billion today to over nine billion by 2050, these

    pressures and impacts are likely to intensiy

    unless the world becomes more intelligent

    about managing these essential resources.

    The Green Economy in a Blue World report

    analyzes how key sectors that are interlinked

    with the marine and coastal environment the

    blue world can make the transition towards a

    Green Economy.

    The report covers the impacts and opportunities

    linked with shipping and fsheries to tourism,

    marine-based renewable energies and

    agriculture.

    The fndings underline that a shit to

    sustainability in terms o improved human well-

    being and social equity can lead to healthier

    and more economically productive oceans that

    can simultaneously beneft coastal communities

    and ocean-linked industries.

    Many countries are already acting to chart

    a resh uture or their seas and oceans andadopting the kinds o smart public policies

    needed to unlock the investments and creative

    strategies necessary.

    The upcoming Rio+20 Summit is an opportunity

    to scale-up and accelerate these transitions

    under the twin themes o a Green Economy

    in the context o sustainable development

    and poverty eradication and an institutional

    ramework or sustainable development.

    Both the marine and the terrestrial environmentsare more than just an economythey are part

    o humanitys cultural and spiritual dimensions.

    However, through a better understanding o the

    enormous economic losses being sustained and

    the enormous opportunities rom investing and

    re-investing in marine ecosystems, perhaps the

    balance can be tipped away rom degradation

    and destruction to sustainable management or

    this generation and the ones to come.

    A worldwide transition to a low-carbon, resource-efcient Green

    Economy will not be possible unless the seas and oceans are a key

    part o these urgently needed transormations.

    Achim Steiner

    UN Under-Secretary General

    and UNEP Executive Director

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    ACKNOWLEDGEMENTS

    Partner organizations This report is an inter-agency collaboration o

    the ollowing organizations:

    United Nations Environment Programme

    United Nations Department o Economic and

    Social Aairs

    Food and Agriculture Organization o the

    United Nations

    International Maritime Organization

    United Nations Development Programme

    International Union or Conservation o

    Nature

    WorldFish Center

    GRID-Arendal

    The chapter coordinating authors with their

    contributors are:

    Eddie Allison (WorldFish Center), and Nicole

    Franz, Carlos Fuentevilla, Lena Westlund and

    Rol Willmann (FAO). The contribution o

    statistical materials rom Steania Vannucci

    and o valuable comments on an earlier

    drat by John Ryder and Doris Soto are

    grateully acknowledged. Reviewers o this

    chapter were Rashid Sumaila (University

    o British Columbia), Serge Garcia, James

    Muir (FAO) and Meryl Williams (GEF STAP).

    International Maritime Organization

    (IMO), Marine Environment Protection

    Division. With contributions o the

    International Chamber o Shipping

    and Andrew Hudson (UNDP).

    Nadine McCormick and Varun Vats (both

    IUCN). With contributions and specifc

    inputs and advice rom Carl Gusta Lundin,

    Franois Simard and James Oliver (IUCN).Reviewed by Dan Wilhelmson (IUCN) and

    Jochen Bard (Fraunhoer Institute or Wind

    Energy and Energy Systems Technology).

    Andrew Hudson and Peter Whalley (UNDP).

    Reviewed by Meryl Williams (GEF STAP).

    Stean Gssling (University o Lund),

    Daniel Scott (University o Waterloo) and

    Michael Hall (University o Canterbury).

    Reviewed by Monica Borobia (Roteiros do

    Charme), Zeljka Skaricic (Priority ActionsProgramme Regional Activity Centre),

    Alasdair Harris (Blue Ventures), Arianne

    Reis (Southern Cross University) and Tom

    Selanniemi (Tour Operators Initiative

    or Sustainable Tourism Development).

    Elaine Baker and Yannick Beaudoin,

    Anne Solgaard (GRID-Arendal), Linwood

    Pendleton (Duke University), Daniel Dumas

    (Commonwealth Secretariat), Michael

    Lodge (ISA), Porter Hoagland (Woods Hole

    Oceanographic Institution) and Hannah Lily

    (SOPAC). With contributions and reviews

    rom Sabine Christiansen (WWF), Jrgen

    Andersen (BI Norwegian Business School),

    Steve Scott (University o Toronto) and Gary

    Greene (Moss Landing Marine Laboratories).

    Linwood Pendelton (Duke University) has

    written the introduction o the report.

    Haris Kokkosis and David Simmons have

    produced the SIDS synthesis chapter.

    Christian Neumann (GRID-Arendal) has

    served as the lead editor, has handled most

    o the peer review process and has written

    the conclusions; Christina Cavaliere, also

    GRID-Arendal, has been the editor o the

    tourism chapter.

    Project team at the United Nations Environment

    Programme

    Head o Branch: Jacqueline Alder

    Project Manager: Alberto Pacheco Capella

    Special thanksWe acknowledge the valuable contributions o:

    Rossana Silva Repetto, Jyotsna Puri, Steven Stone,

    Yannick Beaudoin, Anjan Datta, Fulai Sheng,

    Takehiro Nakamura, Hiroko Morita-Lou, Heidi

    Savelli, UNEP FMEB staff and our Regional Seascolleagues.

    Photo credits(1) iStockphoto/Tore Johannesen (1) iStock-

    photo (1) iStockphoto/36clicks (6-7) iStock-

    photo/Devon Stephens (8) iStockphoto/

    Panagiotis Milonas (10-11) iStockphoto/Ryan

    Lindsay (14-15) iStockphoto/Torsten Stahlberg

    (17) iStockphoto/luoman (17) iStockphoto/

    Joe Michl (18) MARUM, University o Bremen/

    Germany (19) Iremer (19) Iremer (19) Iremer

    (20-21) iStockphoto/Adrian Beesley (24)

    iStockphoto/Alexander Wilson (24) iStock-

    photo/Michael Hieber (24) MARUM, University

    o Bremen/Germany

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    Foreword

    Introduction

    Fisheries and Aquaculture

    Maritime Transport

    Marine-Based Renewable Energy

    Ocean Nutrient Pollution

    Coastal Tourism

    Deep-Sea Minerals

    Small Island Developing States (SIDS)

    Conclusions

    3

    6

    8

    10

    12

    14

    16

    18

    20

    22

    CONTENTS

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    The worlds oceans and coasts the Blue

    World are the cornucopia or humanity. They

    provide us with ood, oxygen and livelihoods.

    Most o the worlds international trade travels

    by sea. Sea oors yield important minerals, sand

    and gravel. Technology is beginning to tap new

    sources o energy rom ocean tides, waves and

    wind. Coastal habitats provide frewood, fbres

    and other resources, are natural carbon sinks andprotect rom storms and surges. Ocean views

    have been shown to improve peoples wellbeing

    and are an important reason homes near the

    sea have higher value. Tourism that relies on

    clean beaches, sae water and abundant marine

    wildlie provides many ocean communities

    with jobs, income and oreign exchange. Ocean

    recreation oers both market and non-market

    benefts to residents and visitors o the coasts.

    Throughout the course o history, humans have

    been drawn to coastal areas to enjoy the bountyo the sea. Oceans and coasts are the oundation

    o much o the worlds economy and the cultures

    o many peoples. As much as 40 per cent o the

    worlds population now lives within 100 km o

    the shore line. Many o the worlds great cities,

    markets and industries have risen along the

    coast because o access to trade and resources.

    Next to marine fsheries, traditional economic

    sectors like shipping, power generation and

    manuacturing are oten concentrated in coastal

    areas. Only recently, however, have we started

    to understand the economic importance o the

    ecological health o our seas. Ocean and coastalhabitats, species, and ecosystems support

    natural capital and economic ows, together

    reerred to as ecosystem services, which may

    rival global market output in terms o sheer

    economic value.

    Harmonising traditional economic activity

    and ecosystem-dependent economic values

    is a challenge we must address. Because o

    the uid nature o the ocean, coastal and

    marine industries cannot be isolated rom the

    watersheds and ocean ecosystems in whichthey operate. Economic activities near the sea

    and even ar away have damaged the integrity

    o oceans and coasts. Human impacts on coasts

    and oceans have destroyed 20 per cent o

    mangroves and now put more than 60 per cent

    o tropical coral rees under immediate, direct

    threat. Today, more than 30 per cent o the

    worlds fsh stocks are overexploited, depleted

    or recovering rom depletion, and over 400

    oxygen-poor dead zones exist in the world.

    The decline in the ecological health andeconomic productivity o the worlds oceans

    can be reversed by shiting to a greener, more

    sustainable economic paradigm in which human

    well-being and social equity are improved, while

    environmental risks and ecological scarcities are

    reduced. Technological advances now permit

    more proftable industrial output with ewer

    environmental impacts. Research shows that

    many ocean industries and businesses beneft

    directly rom cleaner, more ecologically robust

    marine ecosystems. Market mechanisms and

    innovative agreements now exist to provide

    fnancial incentives or people to protecteconomically valuable marine ecosystem

    services that traditionally have allen outside the

    market. Policies and collaborative solutions are

    INTRODUCTION

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    emerging that internalise the external costs o

    environmentally damaging practices and rewardthose who create external benefts through

    sound uses. Sustainable practices can improve

    the current and uture economic, nutritional,

    cultural and societal value o oceans to people

    and guarantee these values ar into the uture.

    This report highlights ways to reduce the

    environmental impact and improve the

    environmental, economic and social sustainability

    o traditional and emerging ocean-oriented

    economies. The chapters that ollow show where

    fsheries, tourism and maritime transportation

    can take steps to reduce their impact on themarine environment. In doing so, these industries

    themselves can become more ecient and

    proftable and sustainable and can contribute

    directly to the sustainability and productivity o

    other businesses and livelihoods that dependon healthy oceans and coasts. The authors also

    explore what it will mean to green emerging

    ocean economic activities including energy

    generation, aquaculture and the mining o deep-

    sea minerals. Lastly, the volume highlights how

    greening the agriculture, wastewater and ertilizer

    industries could transorm the nutrient economy

    with substantial benefts to ocean sustainability.

    Throughout, the report demonstrates that

    creating a green economy in the blue world,

    one that improves human well-being and

    social equity, while signifcantly reducingenvironmental risks and ecological scarcities

    means creating sustainable jobs, lasting

    economic value and increased social equity.

    O2

    O2

    CO2

    O2

    O2

    O2

    O2

    O2

    World oceans, a cornucopia of goods and services

    N

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    Fishers and fsh-armers should, given

    the dependence o their businesses and

    livelihoods on ecosystem services, be

    stewards o the marine environment.

    Greening the fsheries and aquaculture

    sectors requires the overall recognition o

    their wider societal roles in particular that

    o small-scale operations or local economic

    growth, poverty reduction and ood security

    through a comprehensive governance

    ramework managing externalities rom andon the sector, implementing an ecosystem

    approach to fsheries and aquaculture with

    air and responsible tenure systems that oster

    stewardship and greater social inclusiveness,

    and integrating fsheries and aquaculture into

    watershed and coastal area management,

    including through spatial planning.

    The potential economic gain rom reducing

    fshing capacity to an optimal level and

    restoring fsh stocks is on the order o USD

    50 billion per annum. Approximately 32 percent o the global stocks are estimated to be

    overexploited, depleted or recovering rom

    depletion and a urther 50 per cent to be ully

    exploited. Severe overfshing, the loss o yield

    due to over-exploitation, is worsening ood

    security and poverty.

    Aquaculture is the astest growing ood-

    production sector and uture development

    prospects appear promising. While playing

    an important and not yet ully exploited role in

    supplementing capture production and creating

    new livelihood opportunities, aquaculture has in some instances caused socio-economic

    conicts and added additional pressures on

    already suering marine and coastal ecosystems.

    Investment to reduce ossil energy use and

    thus the carbon ootprint o fsheries and

    aquaculture has potential gains in terms

    o improved economic perormance and in

    contributing to mitigating climate change.

    The needed reductions in fshing capacity and

    eort in capture fsheries along with the adoption

    o green technologies can drastically lower uel

    consumption and GHG emissions while greatly

    enhancing the fsheries sectors contribution to

    economic growth, ood and nutrition securityand poverty reduction. Well-managed coastal

    aquaculture and mariculture oer signifcant

    scope or green growth and employment

    opportunities or coastal communities at low

    levels o CO2 emissions when compared to other

    protein production systems.

    Supporting development and investment in

    green technology and raising industry and

    consumer awareness on the sustainability o

    fsheries and aquaculture are key approachesto

    behavioral change and transition to green growthin fsheries and aquaculture. Green technologies

    include low impact, uel-ecient fshing methods;

    innovative multi-trophic aquaculture production

    systems using environmentally riendly eeds;

    reduced energy use and greener rerigeration

    technologies; and improved waste management

    in fsh handling, processing and transportation.

    The reduction o fshing eort and the

    use o non-destructive fshing techniques

    will reduce the negative impacts on

    biodiversity, including on larger, longer-lived

    marine organisms that are more vulnerable todepletion and structurally complex habitats

    such as coral rees, which are easily damaged by

    indiscriminate fshing methods.

    FISHERIES ANDAQUACULTURE

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    Strengthening regional fsheries bodies,

    national fsheries management agencies,

    fshing community and fshworkers

    organisations and private sector associations

    is critical to sustainable and equitable use

    o marine resources. A strong internationallegislative and policy ramework or fsheries is

    already in place with the FAO Code o Conduct

    or Responsible Fisheries and its related

    international agreements and plans o action. The

    social, economic and cultural dimensions o this

    ramework will be urther strengthened through

    the development o international guidelines on

    securing small-scale fsheries to complement

    the Code as called or by FAOs Committee onFisheries. The challenge is to provide incentives

    and adequate resources to implement this

    ramework at the local, national and regional level.

    10

    20

    30

    40

    50

    60

    70

    80

    90

    100

    110

    120

    Millions

    Source: World Bank - FAO WorldFish Centre, The Hidden Harvests, 2010.

    10

    20

    30

    40

    50

    60

    70

    80

    90

    100

    110

    120

    Million tons

    Numbers of workers employed in fishing industry Total annual fish catches

    Small-scale

    Post-harvest worker

    = 1 milion

    Fishermen

    Large-scale

    Small- and large-scale fishery compared

    = 1 milion

    Small-scale

    Fish discarded

    Fish caught

    Large-scale

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    Shipping needs a global regulatory

    ramework in which to operate: as an

    inherently international industry it requires

    the same rules to apply at both ends o a

    voyage. International shipping is the carrier o

    world trade, transporting around 90% o global

    commerce. Without it, the bulk transportation

    o raw materials and the import and export oaordable ood and goods would simply not

    be possible. The global regulatory ramework

    is provided by the International Maritime

    Organization (IMO), which has adopted 52

    treaties regulating ship design and operation.

    The most important o them concerning the

    saety o lie at sea and the protection o the

    environment today applies on 99% o the

    worlds merchant eet.

    Shipping is the saest, most secure, most

    ecient and most environmentally soundmeans o bulk transportation with declining

    rates o accidents, zero terrorist incidents,

    improving turnaround o ships and signifcant

    reductions in discharges to sea or emissions to

    air. Much o these advances have been made

    possible as a result o IMOs regulations, industry

    initiatives and technological developments; by

    helping to build technical maritime capacity in

    developing countries, where some 70%-75% o

    the worlds merchant eet is now registered.

    Shipping is subject to the frst ever global and

    legally binding CO2 regulations or an entireeconomic or industrial sector. Annex VI to the

    MARPOL Convention was adopted to regulate

    the emission o air pollutants rom ships, and

    amended in July 2011 to include regulations

    on energy eciency or ships. It is one o 13

    treaty instruments IMO has adopted since the

    Earth Summit o 1992, dealing exclusively with

    the protection o the marine and atmospheric

    environment rom adverse impacts deriving

    rom shipping.

    International shipping contributes to the

    three pillars o sustainable development. It

    acilitates global commerce and, the creation

    o wealth and prosperity among nations and

    peoples, creating a wide variety o jobs on

    board ships and ashore, with direct and indirect

    benefcial impacts on the livelihoods o others. It

    helps to moderate prices on exported goods (and

    thereore reduce ination and its negative impact

    on real incomes) by providing a dependable,

    ecient and low cost means o transporting

    goods globally. In comparison to other transportmodes, it provides the most environmentally

    sound and energy-ecient means o moving

    huge quantities o cargoes and people.

    Further greening o the sector is

    nevertheless desirable and achievable. The

    challenges or IMO and the shipping industry

    include promoting entry into orce o all o

    IMOs environmental treaties; reducing even

    urther the pollution caused by ships through

    discharges to sea and air emissions, by helping

    countries to ensure global, uniorm and eective

    implementation and enorcement o IMOstandards; developing standards to ensure that

    the operation o ships using alternative sources

    o uel is both sae and environmentally sound;

    MARITIMETRANSPORT

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    urther improving the energy eciency o ships;

    developing additional means such as market-

    based measures to urther reduce emissions

    o greenhouse gases rom ships; preventing

    and controlling the transer o invasive aquatic

    species through ships ballast water and ships

    hull ouling, which are estimated to cost around

    USD 100 billion per year; and addressing the

    technical, operational and environmental

    aspects o the ever-increasing size o ships.

    500

    1 000

    1 500

    2 000

    2 500

    3 000

    Milion tonnes

    Notes:Reduction potential rom IMO MARPOL Annex VImeasures

    SCENARIO A1-B4: high growth, least stringentSEEMP uptake, reerence uel price, high waiveruptake

    SCENARIO B2-1: low growth, low SEEMP uptake,reerence uel price and low waiver uptake

    A1-B4

    B2-1

    Emission reduction byEnergy Efciency Operational IndicatorEmission reduction byShip Energy Efciency Management PlanNew emissions ater the reduction plans

    Projected annual CO2 emissions from the shipping sector

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    Marine-based renewable energy potential

    is high, though little is currently utilised.

    Marine-based renewable energy such as wind,

    wave and tidal range and currents ofers a

    signicant potential to contribute to low-carbon

    energy supplies or regions with appropriate

    coastal eatures. The IPCC highlights that the

    technically exploitable potential or marine-

    based renewables excluding ofshore wind

    ranges rom 7 EJ per annum to 7,400 EJ per

    annum; the latter gure would exceed current

    global energy needs. However, marine-based

    renewable energy represented less than 1 per

    cent o all renewable energy production in

    2008. Installed capacity is unlikely to become

    signicant until ater 2020 due to the early stage

    o development o most technologies aside rom

    ofshore wind energy.

    Greater investments in research and

    development are needed to support

    technical advances and enable rapid

    progression in the sector. Current nancial

    initiatives and investments are not sucient to

    develop this potential. Investments in research

    and development are needed now to ensure

    that marine-based renewable energy delivers

    on its potential contribution to low-carbon

    energy security.

    Designs of marine-based renewable energy

    technologies vary greatly, being adapted to

    MARINE-BASEDRENEWABLE ENERGY

    Main ofshore wind arm area

    Selling or ready or selling energy

    Test operational plants

    Projected or in construction

    Tidal and wave energy plants

    Wind energy

    Note: Energy production costs are averages estimates in the

    EuropeanUnion and reers to the cost o traditional and

    enewable energy technologies projected to 2020 assuming

    technology improvement or newer energy sources.

    Sources: Owen, A., D., Renewable energy: Externality costs as market

    barriers, Energy Policy, Elsevier, 2006; EEA online database,

    International Energy Agency-OES, Annual report, 2008; ISSC,

    Specialist Committee V.4 Ocean, Wind And Wave Energy

    Utilization, 2009; IPCC, Wind Energy. In IPCC Special Report on

    Renewable Energy Sources and Climate Change Mitigation, in press.

    Producing energy from the oceans

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    local conditions. Only ofshore wind and to a

    lesser extent tidal range technologies have been

    developed to commercial scale, primarily in

    Europe where policy and investment rameworks

    are avourable. Many technologies that harness

    energy rom waves, currents and temperature

    diferentials have been developed at pilot stage,

    but without convergence on a single designtype, and very ew have been developed to a

    commercial scale.

    Marine-based renewable energy can provide

    alternative employment opportunities

    particularly or maritime communities who

    were ormerly reliant on sheries or oil and

    gas production. Compared with thermal

    power generation, renewable energy has a

    higher labour intensity. The types and scale

    o opportunities will vary by national context

    and energy source. Lack o skilled labour is

    one o the potential barriers to deployment o

    renewable energy.

    Marine-based renewable energy can provide

    an alternative electricity supply or oil-

    importing countries. Developing countries

    that spend large amounts o their export

    revenues on oil imports can benet rom

    an alternative electricity supply to improve

    national and regional energy security, as well as

    water and ood security when used directly or

    desalination.

    Without accounting or negative

    externalities, marine-based renewable

    energy is not yet cost competitive; only

    ofshore wind is close to being cost competitive

    with ossil uel and nuclear sources. There

    are many challenges to be overcome beore

    marine-based renewable energy technologies

    can reach large-scale commercialisation; these

    include high capital costs and the logistics

    around storage and transmission.

    Global environment benefts o reduced

    greenhouse gas emissions need to be

    balanced against local environmental risks

    and opportunities. For most marine-based

    renewable energy types, the greatest negative

    impacts on biodiversity occur most likely

    during construction and decommissioning

    due to noise and habitat disturbance. During

    operation, moving parts can afect birds, sh

    and sea mammals. However, i ecologically

    sensitive sites are avoided and best practice

    employed, there could be positive benets or

    the marine environment, such as through the

    creation o appropriate articial habitat andthe reduction o other adverse activities in the

    area. As relatively little is known about more

    recent technologies, new developments need

    to be accompanied by appropriate monitoring

    and evaluation as part o environmental impact

    assessment procedures.

    Consistent long-term policies and targeted

    fnancial support rom governments

    are needed i technical barriers and cost

    reductions are to be overcome. Governments

    need to lead the way by establishing consistentrenewable energy policies, including specic

    targets or marine-based renewable energy

    where possible. To implement this, incentives

    such as grants, subsidies and tax credits are

    required to encourage private investments in the

    large, expensive inrastructure that is required to

    move rom small prototypes to pilot plants.

    Governments need to proactively guide

    developments to reduce potential or social,

    environmental and legal conicts and promote

    synergies with other sectors. Governments

    may play a key role in proactive strategic marineplanning to ofer concessions in areas with

    lower risk to ecosystems and biodiversity and to

    promote synergies with other marine users.

    300

    80 000

    18 000

    37 00010 000

    2 000

    800

    4 000

    Ocean energy potentialTerawatt-hour per year

    Thermal

    gradient

    Salinity Gradient

    Marine current

    Tidal

    Wave

    Ofshore wind(max)

    Ofshorewind (min)Present global

    electric

    production

    0

    3

    2

    1

    4

    5

    6

    9

    12

    11

    10

    8

    7

    eothermal,

    heat

    Wind,

    onshore

    Biomass,

    heat

    Ethanol

    Gas

    Wind,

    ofshore

    Nuclear

    Coal

    Geothermal,

    electric

    Hydroelectric, large

    Wave

    Hydro small

    Biomass, electric

    Solar, thermic

    Solar

    Tidal, stream

    Tidal, barrage

    Energy production costsEuro cent per Kilowatt-hour

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    Industrially produced nutrient fertilizers

    (nitrogen, phosphorus) are essential to global

    food security and have been the main driver

    of dramatically improved agricultural yields

    over the last sixty years to feed a growing

    population. At the same time, excess nutrients

    rom inefcient use in arming and insufcient

    treatment o nutrients in wastewater, have

    made their way into rivers, aquiers, coastal areas

    and oceans, leading to degradation o marine

    ecosystems and groundwater at a global scale.

    Nutrient loads from continents to oceans and

    the coastal zone have increased roughly three

    fold from pre-industrial levels, primarily rom

    OCEAN NUTRIENTPOLLUTION

    agricultural run-o and poorly or untreated sewage.

    Mainly due to the addition o manuactured

    nitrogen (rom atmospheric nitrogen and natural

    gas), the amount o reactive nitrogen entering

    the earths biogeochemical system has increased

    by about 150% compared to pre-industrial times.

    A 2009 Nature Report1, A Sae Operating Space

    or Humanity, determined that excess nitrogen in

    the environment was one o 3 o the 9 planetary

    boundaries that had already been exceeded.

    In eect, mankind is mining the atmosphereor nitrogen; with a practically limitless supply,

    this process could proceed or hundreds i not

    thousands o years leading to continually worsening

    conditions or coastal areas and groundwater.

    South Pacifc

    Ocean

    South Atlantic

    Ocean

    North Atlantic

    Ocean

    North Pacifc

    Ocean

    Indian

    Ocean

    Source: World Bank, World Development Indicatorsdatabase, accessed in October 2011; NASA EarthObservatory, data acquired in 2008.

    Note: Low-oxygen zones appear as aconsequence o nutrient input to theoceans. Low levels o oxygen make itdifcult or marine creatures to survive.

    Less than 10

    Fertilizer use, 2005Kilograms per hectaro arable land

    10 to 50

    50 to 100

    100 to 160

    More than 160

    Dead zones

    Dead zones and fertilizers

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    The environmental and socioeconomic

    impacts o nutrient pollution are massive

    and occurring over wide areas globally. The

    occurrence o coastal hypoxic zones caused by

    eutrophication has increased exponentially in

    recent years, and nitrate pollution is one o the main

    groundwater contaminants in the developed and

    also increasingly in the developing world. Coastal

    hypoxia impacts fsheries, tourism and various

    ecosystem services provided by healthy coastal

    ecosystems. For the EU alone, the economic costso damage to the aquatic environment rom

    excess reactive nitrogen are estimated at up to

    320 billion per year. Initial evidence rom the

    EU and US suggests that the overall benefts rom

    improved nutrient management exceed costs

    and that this cost/beneft calculus occurs in other

    parts o the world.

    A paradigm shit is needed in the way we

    produce, use and treat nutrients, rom a

    dominantly linear approach to a much more

    cyclic approach with substantial recovery owaste nutrients.Without this change our oceans

    will continue to degrade through increased

    hypoxic zones with disastrous consequences

    to coastal communities dependent on marine

    resources or ood and livelihoods. The business

    as usual approach where we use sizeable ossil

    uel energy resources to convert atmospheric

    nitrogen to ertiliser or production o ood, and

    then use signifcant energy and inrastructure

    through conventional wastewater treatment to

    convert a portion o this reactive nitrogen back

    to atmospheric nitrogen, is highly wasteul. A

    move to a ar more ecient and closed recyclingapproach to nutrients will not only protect

    the reshwater and ocean environment rom

    pollution but will improve livelihoods through

    creation o new business and job opportunities

    and reduce ossil uel energy consumption and

    associated greenhouse gas emissions.

    As part o the transition to a green

    economy, the massive global environmental

    externality rom nutrient pollution needs

    to be internalized through use o a range o

    policy and regulatory tools and economic

    instruments at all geographic scales. Policy and

    regulatory instruments could include more strictregulation o nutrient removal rom wastewater,

    mandatory nutrient management plans in

    agriculture, and enhanced regulation o manure.

    Economic instruments could include taxes on

    ertilizer and/or agriculture and wastewater

    emissions, cap and trade rameworks on nutrient

    emissions and/or ertilizer production, and

    subsidies that encourage nutrient recycling and

    ecient use o ertilizer.

    Technology innovation, public-private

    partnerships, job creation and other beneftso a paradigm shit to a much more cyclic

    nutrient economy would be catalysed by

    such actions. Furthermore, in the long run it

    will help to saeguard global ood security by

    diversiying sources o nutrient raw materials to

    meet continued demand or ertilizer to eed a

    still growing world population. Many developing

    countries, or which wastewater collection and

    treatment and the green revolution are still

    works in progress, present special opportunities

    to pilot and scale up new nutrient recovery

    and eciency paradigms. Enhanced nutrient

    recovery and reuse would also help to ensure thatphosphorus, with fnite reserves, is increasingly

    recycled to maintain sucient supplies to meet

    the long-term needs o human society.

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    Globally, coastal tourism is the largest market

    segment and is growing rapidly.

    The tourism economy represents 5 per cent o

    world GDP and contributes to 6-7 per cent o total

    employment. In 150 countries, it is one o fve top

    export earners and in 60 it is the frst. It is the main

    source o oreign exchange or one-hal o Least

    Developed Countries (LDCs). No comprehensive

    assessment o the share o coastal and marine

    tourism exists, yet the sectors are considered the

    largest segment and trends suggest continued

    growth over the next 20 years.

    Global tourism is increasingly becoming less

    sustainable.

    Rapid growth in travel (over 4% annually through

    2020) and preerences or urther distances,

    shorter time-periods and energy-intensive

    activities are resulting in the sectors contribution

    o 12.5 per cent o radiative orcing and 5 per cent

    o anthropogenic emissions o CO2. Emissions

    cause coral bleaching, ocean acidifcation, and sea

    level rise. Other coastal tourism pressures include

    water pollution and consumption, waste, landconversion, pressure on biodiversity, survival o

    local and indigenous cultures and built heritage.

    Marine and coastal environments are

    threatened assets o global tourism.

    Coastal and marine environments are threatened

    by unsustainable development including

    urbanisation, waste, habitat destruction, coastal

    modifcation, and the loss o socio-cultural

    identity. Threats rom climate change include

    coastal erosion, ecosystem loss, altered habitat

    productivity, and changes in the availability andquality o resh water resources.

    Climate change is demanding a greening o

    marine and coastal tourism.

    Climate change is a key risk actor or tourism.

    Challenges rom sea level rise, rising ocean

    temperatures, ocean acidifcation, and the

    loss o biodiversity need to be addressed.

    The inormation base or eective adaptation

    remains inadequate or developing nations,

    particularly SIDS.

    Sustainable tourism can create new jobs andreduce poverty.

    Tourism is human-resource intensive. One

    job in the core industry creates one and a hal

    additional jobs in the tourism-related economy.

    Eciency improvements, local hiring, sourcing

    local products and saeguarding local culture

    and environment can reinorce employment

    potential. The development o local ood systems

    or tourism can generate jobs in sustainable

    arming and fshing. On the demand side, more

    than a third o travellers avour environmentally

    riendly experiences.

    Tourism development can support local

    economy and reduce poverty.

    The share o spending in the local economy

    determines local economic eects o tourism.

    Increasing involvement o local communities

    in the value chain can contribute to the

    development o local economies and poverty

    reduction. Positive impacts can stem rom

    engaging local supply chains and increasing

    green services in energy, water and waste

    management eciency. Tourisms impacts on

    local communities are complex and demand

    careul planning.

    Investing in greening tourism can reduce

    costs and enhance the value o ecosystems

    and cultural heritage.

    Investment in energy eciency generates

    signifcant returns within short payback

    periods. Improving waste management can

    save money or businesses, create jobs and

    enhance destination aesthetics. Investment

    requirements in conservation and restoration

    are small relative to the high value o ecosystem

    services (ES). Provision o ES is essential or

    continued economic activities and humansurvival. Cultural heritage investment is usually

    the most signifcant and proftable investments

    the tourism sector can make.

    The private sector must be mobilised to

    support sustainable tourism and needs

    access to fnancing or investing in greening

    practices.

    The majority o tourism businesses are small and

    medium sized enterprises (SMEs) and contribute

    most to local livelihoods. Tools are required

    to educate SMEs. The use o internationally

    recognised standards can assist businessesto understand aspects o sustainable tourism

    and mobilise investment. Innovative multi-

    sector partnerships and fnancing strategies

    COASTAL TOURISM

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    are required and can spread the costs and risks

    o green investments. Micro-enterprises are

    especially important in LDCs but lack access to

    capital. Reduction o ees and avourable interest

    rates, along with in-kind technical, marketing or

    administration assistance can help.

    Cross-sectoral consultation and Integrated

    Coastal Zone Management (ICZM) are

    required or good sustainable tourism,

    destination planning and development

    strategies.

    When developing tourism strategies,

    governments, communities and businesses need

    to establish mechanisms or coordinating with

    multiple ministries. Cross-sectoral consultation is

    required in areas such as zoning, protected areas

    and agricultural standards. Tourism planning

    has to include capacity building, government

    commitment, enorcement and climate change

    considerations. ICZM, a multi-sectoral approach

    or balanced development, use and protection,

    helps implement strategic planning.

    Government investments and policies

    can leverage private sector actions on

    sustainable tourism.

    Government spending on public goods such

    as protected areas, cultural assets, transport,

    and renewable energies can reduce the cost

    o green investments. Governments can use

    tax concessions and subsidies to encourage

    investment. Energy use and waste generation

    need to be correctly priced to reect the true

    cost. An ecient instrument to deal with

    greenhouse gas emissions is to introduce

    carbon taxes on production and consumption

    but can be challenging in developing nations.

    South Pacifc

    Ocean

    South Atlantic

    Ocean

    North Atlantic

    Ocean

    North Pacifc

    Ocean

    Indian

    Ocean

    Source: Blue Flag International Coordination.

    0500

    1987 1990 1995 2000 2005 2010

    1 000

    1 5002 0002 5003 0003 500

    Number of Blue Flags Countries with Blue Flags

    0

    10

    20

    30

    40

    50

    CroatiaMontenegro

    Denmark

    LithuaniaLatvia

    PolandGermany

    Turkey

    Cyprus

    JordanGreece

    Romania

    Italy

    NetherlandsSweden

    Slovenia

    Norway

    Morocco

    New Zealand

    South Arica

    Canada

    UAE

    Ukraine

    Bahamas

    US Virgin IslandsPuerto Rico

    Brazil

    Jamaica

    Russian Federation

    FrenchPolinesia

    Tunisia

    Portugal

    Spain

    France

    Ireland

    Iceland UK

    Dominican Republic

    Number o blue Flagcertifcations by country

    Total beaches and marinas

    600

    300130

    15

    The Blue Flag is a certifcation assigned

    towards sustainable development o

    beaches and marinas through strict

    criteria dealing with Water Quality,

    Environmental Education and Inormation,

    Environmental Management, and Saetyand Other Services.

    Blue Flag up!

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    Deep-sea minerals are a possible new

    revenue stream that could support national

    development goals. There has not been anyproft generated to date, but in the near uturedeep-sea minerals could provide income tostates rom multiple sources, including oreigninvestment, export earnings and government

    revenues. Managed correctly this natural capitalcould be converted into jobs, inrastructure,public service improvements and growth inthe domestic private sector. But the imperativeis on society to decide whether to ocus onmaximizing short term fnancial return or onlonger term economic objectives, which balancesocial goals, including developing sustainablelivelihoods, and the preservation o ecologicalparameters against inequitable, unocused andunsustainable growth.

    Deep-sea minerals constitute only one

    component o a societys natural capital. The determination o the economic value oresource development needs to include thecost to society rom any associated social and

    environmental impacts, including the lossor damage to other components o naturalcapital, otherwise over the longer term thedevelopment may constitute uneconomicgrowth as opposed to true economicgrowth. Determining the true value odeep-sea minerals, when additional actors

    such as possible impacts on ecosystemservices are taken into account, is at presentchallenging. The deep-sea environment isone o the least understood regions o theplanet and we still have a airly rudimentaryunderstanding o the ecosystem servicesthese environments support. To avoid anyunintended consequences that may aectsociety through the loss o unaccountedor ecosystem services, we need to rapidlyincrease our knowledge o these services andmanagement decisions need to be inormedby sound scientifc inormation and guided by

    the Precautionary Principle. The value o non-renewable resources can no longer be simplymeasured in terms o their ability to generatemonetary returns.

    DEEP-SEAMINERALS

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    Deep-sea minerals, as any other mineral

    resources, are not endless. Planning acrossgenerations becomes a moral obligation ordecision makers today, as access to adequateresources or wealth (note that wealth is notpurely defned as fnancial capital) linked toresources is an inherent right o an entire society

    regardless o time. Mining is a fnite economicactivity, oten with a short lie span, but poordevelopment without the consideration oenvironmental and social impacts may leave alegacy o problems and lost opportunity longater the gains rom development have beenconsumed. Past practices related to resourcedevelopment have obviously damaged thenatural capital inherited by todays children, andunortunately this is especially evident in someresource rich developing countries. Naturalresources underpin economic development,but in order to maintain natural capital or

    uture generations, management needs toensure that mining ends up balancing thecapital account by generating net value.Marine mining has the potential to signifcantly

    deteriorate benthic ecosystems. The eectiveconservation o these ecosystems requires theapplication o Best Environmental Practice aswell as spatial planning exercises including theestablishment o Protected Areas. Thereby wenot only ensure sustainability but also add thebonus o stimulating a dramatic increase in

    understanding o these ecosystems includingthe unctions and services they provide.

    All stakeholders need to be considered when

    managing deep-sea mining activities in the

    context o the sustainable use o the oceans. These include actors with non-commercial,subsistence and traditional interests, othercommercial interests (e.g. oil and gas exploitationand fsheries), and most importantly uturegenerations and their right to live in healthyand productive ecosystems. There is growingacknowledgment that human well-being is

    linked to environmental condition. Managementpractices should thereore be holistic, based onan integrated overview o all present and uturehuman uses and ecosystems services.

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    The biologically and culturally diverse

    nations that constitute our worlds Small

    Island Developing States (SIDS) share

    several unique characteristics. Their small

    economies, geographic location and size,

    vulnerability to natural disasters, ragile

    and limited ecosystems, and limited

    human and inancial resources, make them

    prone to sudden environmental, social or

    economic changes.Given their reliance on their natural resourcesand the inextricable linkage o economicsectors, the continued use and reliance on theseresources pose certain challenges as they otenstruggle to align competing national prioritieswith sustainable practises, environmentalprotection and social equity. The thrust towardsa green economy provides a critical pathway tosocio-economic development and inclusion,

    harmonising conicting demands, maintainingmacro-economic stability, acilitating jobcreation and protecting natural resources.

    With most SIDS populations and economic

    activities located in the narrow coastal belt,

    one o the closest connections between

    humanity and the blue world is ound among

    those who harvest the seas or a living. This

    connection to the oceans, primarily through

    fsheries, is strongest in SIDS.

    Fisheries account or 10% o GDP and over 50%o exports in some islands. Main mechanismsor a transition to green growth in fsheries, aswell as aquaculture, include air and responsibletenure systems to turn resource users intoresource stewards, an ecosystem approachaccounting or cross-sectoral linkages andintegrative with watershed and coastalzone management as well as wider (spatialmanagement) rameworks, development oand investment in green technology, andindustry and consumer awareness-building tosupport products rom sustainable fsheriesand aquaculture that provide air and equitablebenefts to fshers, fsh armers, fsh workersand their communities.

    Tourism, another dominant economic activityin SIDS is the largest source o oreign exchange

    or more than hal o all the countries.

    It represents more than 30% o their totalexports and ocuses primarily on ragile bioticsystems like beaches and rees and othercoastal resources that are oten over-exploitedas tourism products. Continued reliance ontourism to drive economic growth will requirea discrete integration o all components o thetourism sector into upstream and downstreamrelated sectors and vice versa, to bolster the

    creation o sustainable jobs, while conservingnatural resources, which in most cases are themain natural capital and attractiveness totourism that countries have. Public investmentshould conserve critical natural assets o tourismsuch as iconic species and ecosystems. Supportsuch as avorable loans, direct subsidies and taxexemption should be provided to enterpriseswilling to green, but lacking fnancial means.Partnerships with major tourism enterprises ingreening practices within the industry and itssuppliers can bring new expertise to SIDS andsupport the necessary capacity building or

    greener technologies and approaches. Regionalalliances can provide level playing felds orStates and private sector actors, and can urtherbe used to share successul examples.

    SMALL ISLANDDEVELOPINGSTATES (SIDS)

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    Nutrient pollution is a growing impact on

    marine ecosystems such as coral rees, which

    are o vital importance or tourism and

    fsheries.

    SIDS should to set policies that stimulate thesustainable management o ertilizers in orderto obtain avourable agricultural yields while at

    the same time not over-enriching the naturalenvironment with Nitrogen and Phosphorusthat lead to eutrophication o the waterwaysand ultimately marine and coastal ecosystems.Innovative approaches to the management anduse o ertilizers will create opportunities orprivate engagement while helping to secureSIDS essential natural assets. Further positiveeects include the quality o reshwater andcost-reductions in agriculture.

    With only a ew exceptions, SIDS depend on

    imported petroleum to supply their energy

    needs.As o 2008, island states spent over $90 milliondaily or more than 900,000 barrels o oil atan average price o US$100 per barrel. More

    than 90% o that energy is obtained rom oilimports, accounting or the largest claim ontheir oreign exchange earnings. The high costo imported energy causes a severe drain onlimited fnancial resources, while uctuatingoil prices have serious repercussions on theirnational economies. SIDS should pursue a

    collective approach under the UNFCCC andRio+20 processes to secure fnancial resourcesto provide public support and inrastructureor the private sector to engage in thedevelopment o renewable energy production.Establishing technological expertise sharingmechanism would increase ecient utilizationo unique expertise. Such a mechanism could beimplemented through UN agencies ocused onscience or industrial development or throughthe relevant regional institutions. SIDS shouldtake a collective approach to sustainableenergy development particularly with regards

    to aggregate purchasing, approaches totechnology developers, to seeking investmentfnancing, and in research, development, anddemonstration.

    Environmental vulnerability

    Maldives today ... ...and with 1 metreseal level rise

    0 100

    Kilometres0

    1940 1950 1960 1970 1980 1990

    5

    10

    15

    20

    25

    30

    Trend of cyclone frequency in Vanuatu

    Number of events per decade

    Economic Impact of Hurricanes

    Million US dollars, 2004

    0

    Bahamas

    Grenada

    DominicanRepublic

    Jamaica

    CaymanIslands

    500

    1 000

    1 500

    2 000

    Aruba2

    Bahamas Bahrain

    Barbados

    BelizeCapeVerde

    Comoros

    Cook Islands

    Cuba

    Dominica

    Dominican Republic

    Fiji

    GrenadaGuinea-Bissau

    Guyana

    Haiti

    Jamaica

    Kiribati

    Maldives

    Marshall Iss

    Mauritius

    Micronesia

    Nauru

    Netherlands AntillesPalau

    PapuaNew Guinea

    Saint Kitts and Nevis

    Saint Lucia

    1.Saint Vincent and the Grenadines2. Antigua and Barbuda

    Note:

    1

    Samoa

    Sao Tomeand Principe

    SeychellesSingapore

    Solomon Iss.

    Suriname

    Tokelau

    Tonga

    Trinidad and Tobago

    Tuvalu

    Virgin Iss

    Vanuatu

    New Caledonia

    Niue

    Source: Environmental Vulnerability Index.2009; ISOCARP Congress, 2009;UNFCCC, Climate change, small islanddeveloping States, 2005.

    ExtremeVulnerability

    High

    Vulnerable

    SIDS

    At risk

    Resilient

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    Healthy oceans are invaluable to human

    development. Human activities in the marineenvironment, and on the landmasses thatdrain to it, have damaged ocean ecosystems,the services they provide and the economicvalues they generate. Economic costs arise rom

    having to substitute ecosystem services such ascoastal protection, and lost revenues in sectorsdependent on ecosystems, such as the fsheriessunken USD 50 billion per year reported bythe World Bank and FAO. But beyond thesemeasurable eects, there are decreased valuessuch as beauty when walking a beach pollutedby waste, let alone oil. Lost potential values suchas pharmaceutically active substances are theconsequence o the loss o biodiversity. Accessto ree market and non-market ecosystemservices such as the provision o ood and

    coastal protection, are o greatest importanceto those who can not pay here, greening theblue economy becomes a question o securityand equity. For these and many other reasons,greening our ocean economies is a matter oenlightened sel-interest.

    Are we enlightened yet? While majorachievements have been made in both the

    private economic and public governance

    spheres, marine and coastal ecosystems

    and biodiversity remain under imminent

    pressure due to a general gap in integrated

    ocean governance. The importance oecosystem services is not ully recognised andincorporated in policy planning and investmentdecisions. Many parts o the ocean, particularly

    in the deep-sea, are virtually unknown. Themyriad o links and dependencies in themarine environment are still ar rom beingunderstood. Strengthening marine science andraising awareness are needed to increase ourcomprehension and maintenance o ecosystem

    services. The Precautionary Principle must guideour decision-making in areas where we do notknow enough about the intricate complexity oour marine ecosystems.

    Governance in the marine environment acesparticular challenges. The uid nature o theoceans makes the management o fsheries orpollution more dicult than on land. Further,ew property or tenure rights exist in the ocean,leading to what has been termed the Tragedyo the Commons. In truly global sectors such

    as shipping, and also those two thirds o theoceans that are beyond the limits o national jurisdiction, single governments have limitedpower to protect the environment regionaland global rameworks are essential tools andneed to become more eective to fll this role.Globally, subsidies that perpetuate brownunsustainable economies must be shited togreening, and environmental externalities mustbe reected in the pricing o ocean-based goodsand services. The transer o new technologiesthat help us greening must not be hindered.

    Shiting economys purpose away rom thepure GDP-measured production o market

    values leads to new questions on broader

    societal goals, such as equity, security and

    CONCLUSIONS

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    the maintanance o natural capital. This holdsparticularly true or emerging sectors such asdeep-sea mineral production, or which thedirection o development is largely open. Thiscan be a challenge to decision makers whohave grown used to simplistic ormulations

    which look at economic growth as the sinequa non. At the same time, such a shit grantsmodern governance tools a greater role.Ecosystem based management, a relativelyrecent approach receiving growing attentionand application, recognises that human welareand ecosystem health are linked. It calls orintegrated management across sectors and aimsor harmonising all human activities with oneanother and with ecosystems. The involvemento relevant public and private actors and theapplication o marine spatial planning can help

    to ensure optimal coexistence o uses, users andthe marine environment.

    Valuation o ecosystem services, a tool beingincreasingly applied by decision makers, helpsus create new opportunities or reconcilinguse and protection o the coastal and marineenvironment. Payment or Ecosystem Servicesrepresents one o these opportunities, wherebythe protection o valuable services such as cleanwater is fnancially supported by the benefciarieso those services, oten at much lower cost thanmore technology-driven approaches to service

    provision. Mobilising fnancial capital throughsustainable innovative unding mechanismscan be a prerequisite to enable enterprises tomake green investments. In coastal and marine

    tourism or example, the majority o businessesare small and medium sized enterprises.Governments, investors as well as global privateand public donor organisations need to providenecessary unds to those actors who have a highpotential or greening, but are hampered by lack

    o access to capital and capacity. Public privatepartnerships, tax exemptions and reducedinterest rates are fscal measures that canunleash that potential. On the other end o thespectrum, renewable energy production otenneeds support to take the eort o moving romprototypes to pilot plants. Public investment ingreen inrastructure, in education and capacitybuilding, but also in protected areas canreduce private costs o greening. Cap and trademechanisms are established tools to catalysetechnological innovations towards greener

    productions; the application in new sectorssuch as ertilizer production should be explored.

    Greening our ocean economies is a challenge

    that needs commitment rom each o us as the

    individual consumer, investor, entrepreneur

    or politician. This report shows how investmentin a Green Economy in a Blue World pays o. Aless energy-intensive, more labour-intensive,less destructive, more sustainable, less exclusive,more integrative approach will lead to more jobs,strengthen intra-and inter-generational equityand empower people to economic participation

    and greater sel-determination. For countries,greening their marine economies meansdiversifcation, stronger resilience to economic orenvironmental shocks and sustainable prosperity.

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