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W O R L D O C E A N S U M M I T 2 0 17

FINANCING THE SUSTAINABLE OCEAN ECONOMY

The ocean economy is at the start of a transition to a `blue’, sustainable economy. This offers tremendous opportunities, if done right: that requires vision, innovative governance and, of course large amounts of capital. Yet the risks are considerable. And established marine industries face change under pressure from both regulation and consumer and investor preferences for better stewardship.

The fourth World Ocean Summit will bring a critical eye to the vital issue of how to finance a sustainable blue economy. Our aim is ambitious: to mobilise a new discussion on how capital and the private sector can drive scalable, sustainable investments in the ocean. Join us.

KEY TOPICS:• Frameworks and policy reform to attract more sustainable investments in the ocean• Investments opportunities in the public and private sectors• Emerging ocean industries and the vibrant ocean economy• Investing in sustainable seafood, supply chain and coastal infrastructure• The role of marine protected areas (MPAs) and sustainable aquaculture• Mapping the industrialisation of our ocean, the risks and opportunities• Industry “best practices”, sustainability and profit maximisation• Scaling the response to pollution and plastics• The role of China in the global ocean economy

The Economist is able to convene the right players and challenge them to come up with solutions that achieve real change. Zanny Minton Beddoes, Editor-in-chief, The Economist

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P R O G R A M M E A G E N D A *

WEDNESDAY, FEBRUARY 22ND 2017

4.00 PM REGISTRATION OPENS

6.00 PM OPENING COCKTAIL RECEPTION

DAY 1 • THURSDAY, FEBRUARY 23RD 2017

8.00 AM REGISTRATION AND REFRESHMENTS

8.30 AM CHAIRMAN’S OPENING REMARKS

9.00 AM KEYNOTE INTERVIEW: INDONESIA’S MARITIME AGENDA

9.30 AM FORECAST: MAPPING THE INDUSTRIALISATION OF OUR OCEAN

10.00 AM A WHALE OF AN OPPORTUNITY? REGULATING TO PROTECT THE OCEAN ECONOMY

10.45 AM NETWORKING BREAK

11.15 AM KEYNOTE PANEL: THE OCEAN BUSINESS—THE PATH AHEAD

12.00 PM KEYNOTE PANEL: FINANCING THE SUSTAINABLE OCEAN ECONOMY

12.45 PM NETWORKING LUNCH

2.00PM NETWORKING LOUNGE

2.30 PM STRATEGY SESSION 1: Investing in sustainable seafood (concurrent)

STRATEGY SESSION 2: Assessing financial risk in the ocean economy (concurrent)

STRATEGY SESSION 3: Scaling the response to pollution and plastics (concurrent)

STRATEGY SESSION 4: Retreat or fortify? Managing coastal environments (concurrent)

3.30 PM NETWORKING BREAK

4.00 PM SPOTLIGHT INTERVIEW: CHINA AND THE OCEAN ECONOMY

4.20 PM OCEAN INNOVATION CHALLENGE

5.10 PM SOCIAL-MEDIA WAR ROOM

5.25 PM CLOSING KEYNOTE

5.50 PM VIDEO MESSAGES

5.55 PM CLOSING REMARKS

6.00 PM NETWORKING LOUNGE

7.00 PM DINNER RECEPTION AND SPECIAL PRESENTATION

DAY 2 • FRIDAY, FEBRUARY 24TH 2017

8.00 AM REGISTRATION

8.25 AM WELCOME REMARKS

8.45 AM OPENING KEYNOTE INTERVIEW

9.00 AM KEYNOTE PANEL: REALISING THE OCEAN’S POTENTIAL

PANEL 1: The view from government

9.45 AM PANEL 2: The view from multilaterals

10.30 AM NETWORKING BREAK

11.00 AM STRATEGY SESSION 5: Aquaculture

STRATEGY SESSION 6: Investment framework for a sustainable ocean economy—A roadmap (concurrent)

STRATEGY SESSION 7: Financing the transition to sustainable shipping (concurrent)

STRATEGY SESSION 8: The blue business agenda (concurrent)

12.30 PM NETWORKING LUNCH

1.45 PM NETWORKING LOUNGE

2.30 PM SIZZLE SESSION: THE TECH REVOLUTION

3.15 PM THE WORLD IF…

3.45 PM NETWORKING BREAK

4.15 PM SOCIAL-MEDIA WAR ROOM

4.45 PM KEYNOTE INTERVIEW: FINANCING THE TRANSITION

5.20 PM CLOSING REMARKS

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For the full programme agenda and speaker line-up, visit oceansummit.economist.com

* All topics and speakers are subject to change.

W O R L D O C E A N S U M M I T W I L L F E A T U R E M O R E T H A N 6 0 S P E A K E R S I N C L U D I N G :

Chaired by Zanny Minton Beddoes, editor-in-chief of The Economist, The Economist Event’s fourth World Ocean Summit will explore how to attract the funding needed to accelerate the transition to the sustainable ocean economy.

HERALDO MUÑOZ Minister of foreign affairs Republic of Chile

KARMENU VELLA Commissioner for environment maritime affairs and fisheries European Commission

ARIF HAVAS OEGROSENO Deputy minister of the coordinating ministry of maritime affairs and resources Republic of Indonesia

ANWAR HOSSAIN MANJU Minister of environment and forestsBangladesh

SEAN KIDNEYChief executive officer Climate Bonds Initiative

JAN DIELEMAN Presidentocean transportation Cargill

MICHAEL ECKHART Managing director and head of environmental finance, power Citi

JENNIFER PRYCEPresident and chief executive officerCalvert Social Investment Foundation

DAVID CARTERChief executive officerAustral Fisheries

JOHN KEELNERChief executive officerBlue Star Foods

HARALD LAUKE President, advanced materials and systems research and regional research representative for Asia-Pacific, BASF

DAVID CLARKVice-presidentsafety environment and sustainabilityAmcor

SUSI PUDJIASTUTI Minister of maritime affairs and fisheriesIndonesia

U OHN WIN Minister of natural resources and environmental conservation Myanmar

LUHUT BINSAR PANDJAITAN Coordinating minister for maritime affairsIndonesia

AMINA MOHAMMED Minister of environmentNigeria

CHRIS BOTSFORDChief executive officerADM Capital

NAOKO ISHII Chairperson and chief executive officerGlobal Environment Facility

JONATHAN TAYLOR Vice-presidentEuropean Investment Bank

CHRISTOPHER KNOWLES Head of the climate change and environment divisionEuropean Investment Bank

KIYOHIKO KOManaging directorFuture Energy Consulting

JOHN TOBIN-DE LA PUENTE Professor of practice in corporate sustainabilityCornell University

MARK BURROWSManaging director and vice-chairmanglobal investment banking Credit Suisse

FABIAN HUWYLERVice-president global sustainability groupCredit Suisse

DAVID BARLEYInvestment directorEcosphere Capital Partners

BRIAN SULLIVANProgram managerGoogle Ocean & Earth Outreach

ESBEN POULSSONChairmanInternational Chamber of Shipping

AVSHALOM FELBERChief executive officer and presidentIDE Technologies

W O R L D O C E A N S U M M I T W I L L F E A T U R E M O R E T H A N 6 0 S P E A K E R S I N C L U D I N G :

The ability of The Economist to convene the right stakeholders and facilitate a rigorous debate on ocean sustainability issues is unsurpassed. Chief executive, North Asia, Maersk Line

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MICHAEL CHENHead of sustainabilityWestpac Institutional Bank

BOYAN SLATFounder and chief executive officerThe Ocean Cleanup

ROB WALTONFormer chairman of the board of directorsWalmart

GEORGE KAILISProfessor of management The University of Notre Dame Australia and executive chair MG Kailis Group Fremantle

PETER WONG PresidentAsia-PacificThe Dow Chemical Company

DARIAN MCBAIN Group director of sustainable development Thai Union

ZHANG ZHANHAI Director-general, department of strategic planning and economyState Oceanic Administration, People’s Republic of China

ADAM GOLDSTEINPresident and chief operating officerRoyal Caribbean Cruises

ANDREAS MERKLChief executive officerOcean Conservancy

JOÃO METELO Chief executive officerPrinciple Power

DAVID JONESExecutive director for business and sustainabilityPlastic Oceans Foundation

DOUGLAS FRANTZ Deputy secretary-general Organisation for Economic Co-operation and Development

GARY GYSIN President and chief executive officerLiquid Robotics

DAVID FINE Senior partnerMcKinsey & Company

ROGER HINE Co-founder and chief technology officerLiquid Robotics

JUSTIN MUNDY DirectorInternational Sustainability Unit

CAROL ANNE CLAYSON Director, ocean and climate change instituteWoods Hole Oceanographic Institution

ROWAN DOUGLAS Chief executive officercapital, science and policy practice and chairmanWillis Research Network

PASCAL LAMY Former directorWorld Trade Organization

LAURA TUCKVice-president for sustainable developmentWorld Bank

NAMITA VIKAS Group president responsible banking and chief sustainability officerYES BANK

PAUL JARDINE Executive vice-president and chief experience officerXL Group

KITACK LIM Secretary-generalInternational Maritime Organization

WHY ATTEND?MEET with ESG and impact investors, decision makers and government officials who can drive scalable, sustainable investment in the ocean DISCOVER investments opportunities in the ocean economy LEARN about emerging blue industries and solutions to overcome the problem of overfishing and pollutionHEAR from businesses that are working with governments and academia to build sustainable best practices and lead change DISCUSS the role of marine protected areas (MPAs) and sustainable aquaculture

WHO ATTENDS?World Ocean Summit convenes 300+ participants including heads of state, senior ministers, global business leaders, financiers, entrepreneurs, conservationists and prominent scientists.

• Investment banking, pension funds, ESG investors, green and blue bonds

• Chemicals and plastics• Construction and infrastructure • Energy, renewable energy and deep sea mining• Fishing and aquaculture• FMCG and manufacturing• Healthcare, medical research and regulation

• Management consulting, environmental and risk consulting• Marine insurance and re-insurance• NGOs, foundations and conservation funds• Supply chain, certification and sustainable seafood networks• Hospitality • Transportation, freight, port and airport authorities• Telecommunication, technology and ocean innovators • Waste management and water treatment

Industries represented at the event include:

The caliber of attendees was truly outstanding and led to some of the best networking and conversations in years. President, The Ocean Foundation

A U D I E N C E

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The Economist World Ocean Summit has grown from one of many ocean conferences to the ocean conference to attend. Head of corporate communications, Liquid Robotics

O C E A N I N N O VA T I O N C H A L L E N G E

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Time to innovate: Participate in the Ocean Innovation Challenge The transition to a sustainable ocean economy will require significant amounts of capital from new and varied sources. This year’s Ocean Innovation Challenge calls on innovators to share ideas on how to bridge the gap between sustainability and economic growth in the ocean. We seek innovations in financing, whether they are financial instruments, products or mechanisms, that will help channel responsible, sustainable investment into the ocean economy.

In-cooperation with

THE PRIZESubmit a 2-page written proposal detailing the innovation before November 15th 2016 to [email protected]

For criteria and entry details, visit our website oceansummit.economist.com

HOW TO ENTER

A Blancpain commemorative timepiece for the winner

selected at the World Ocean Summit

A complimentary pass to attend the World Ocean Summit

(including travel expenses) for each of the three finalists

An opportunity to present the innovation to the World Ocean Summit audience

CHALLENGE OPEN FOR SUBMISSIONS JULY 28TH– NOVEMBER 15TH

CHALLENGE CLOSES; SUBMISSIONS REVIEWED NOVEMBER 15TH– NOVEMBER 30TH

EACH FINALIST WILL PRESENT THEIR INNOVATION TO THE WORLD OCEAN SUMMIT AUDIENCE AND HAVE THEIR PITCH EVALUATED BY MEMBERS OF THE JUDGING PANEL. FEBRUARY 23RD

TOP THREE FINALISTS ANNOUNCED AND INVITED TO ATTEND THE WORLD OCEAN SUMMIT DECEMBER 2ND

THE PROCESS

WINNER 2015: LIQUID ROBOTICSLiquid Robotics won the first Ocean Innovation Challenge with a wave glider that collects real-time data used to track weather, conduct oceanographic research, and curb illegal activities in MPAs and EEZs.

© 2016 The Economist Events 8

This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.

World Ocean Summit, Day 1

8.00am Registration and refreshments

8.30am

Chairman’s opening remarks

Zanny Minton Beddoes, editor-in-chief, The Economist

9.00am Keynote interview: Indonesia’s maritime agenda

Under invite

Joko Widodo, president, Indonesia

Interviewed by


9.30am

Forecast: Mapping the industrialisation of our ocean

As tenuous as our knowledge of the ocean economy is, more fragile still is our grasp of how the next

wave of “industrialisation” will proceed in the seas. Here, industry experts deliver a series of forecasts for

the ocean to 2030, to set the scene for the deliberations to come. Mapping this economic future is

essential for policymakers and businesses alike if they are to understand the opportunities and risks

ahead.

10.00am A whale of an opportunity? Regulating to protect the ocean economy

Speakers

Anwar Hossain Manju, minister of environment and forests, Bangladesh

Susi Pudjiastuti, minister of maritime affairs and fisheries, Indonesia

Under invite



Julie Bishop, minister of foreign affairs, Australia

Nitin Gadkari, minister for road transport and highways, India

Rafael Pacchiano Alamán, secretary of environment and natural resources, Mexico

Margot Wallström, minister for foreign affairs, Sweden

10.45am Networking break

11.15am Keynote panel: The ocean business—The path ahead

Global business leaders from established and emerging ocean industries offer their thoughts on the

coming wave of industrialisation of the ocean. They will consider how the opportunities this

development presents can best be managed, in light of the declining health of the ocean on the one

hand, and the emerging desire for sustainability and heightened stewardship on the other. The

prospect of a “blue”, sustainable ocean economy is still in doubt, in large part because ocean spaces

around the world are not yet managed in an integrated and sustainable manner. Close attention

needs to be paid to aligning a vibrant ocean economy with the long-term health of the environment it

relies on. How can business lead the way in making profit and conservation support each other?

Speakers

Jan Dieleman, president, ocean transportation, Cargill International

Adam Goldstein, president and chief operating officer, Royal Caribbean Cruises

Rob Walton, board member and environment programme chair, Walton Family Foundation

12.00pm Keynote panel: Financing the sustainable ocean economy

As the previous two sessions suggest, the transition to a sustainable ocean economy will require large

amounts of capital. What financing and investment is needed, and what are the associated risk

profiles? Where is the capital going to come from, and how can it be scaled up quickly?



Leading figures from across the range of financial services—private and development banks, pension

funds, insurance and impact investing—outline what they see as the key financing challenges and

opportunities in the transition to a sustainable ocean economy. Now that financial services are

increasingly being held to account for the environmental and social consequences of their investments,

we ask what frameworks and mechanisms need to be in place to encourage more sustainable

investments in the ocean.

Speakers

Michael Eckhart, managing director and head of environmental finance, power, Citi

Mark Burrows, managing director and vice-chairman, global investment banking and capital markets,

Credit Suisse

Jonathan Taylor, vice-president, European Investment Bank

Namita Vikas, group president and managing director, climate strategy and responsible banking, YES

Bank

12.45pm Networking lunch

2.00pm Networking lounge

Participants will be encouraged to connect ahead of the World Ocean Summit using the event app.

2.30pm Strategy session 1: Investing in sustainable seafood (concurrent)

Creating a sustainable seafood industry is a critical challenge for the ocean. Fish stocks in many

areas have sharply declined, and global demand is still increasing rapidly. There is an urgent need

to rebuild wild-catch fisheries, while simultaneously developing large-scale, sustainable

aquaculture. This will require bold policy reform, managed access and rights, evidence-based

stock management, improved traceability and access in global supply chains and consumer

markets, and the ending of illegal, unreported and unregulated fishing.



Around the world, there are numerous macro- and micro-level initiatives aimed at achieving all this,

and governments are becoming serious about reform programmes.

What will the global demand for seafood be in 20–30 years? What is the scale of the

investment opportunity?

What would it take to attract more investment in sustainable fisheries? How can it be

scaled up?

Is there enough investment in sustainable aquaculture to fulfil future demand? How can it

be increased?

What infrastructure and logistics solutions will be required to support this investment?

Speakers

David Carter, chief executive officer, Austral Fisheries

John Keelner, chief executive officer, Blue Star Foods

Darian McBain, group director of sustainable development, Thai Union

George Kailis, professor of management, The University of Notre Dame Australia and executive

chair, MG Kailis Group Fremantle

Strategy session 2: Assessing financial risk in the ocean economy

(concurrent)

Speakers

Chris Botsford, chief executive officer, ADM Capital

Sean Kidney, chief executive officer, Climate Bonds Initiative

John Tobin-de la Puente, professor of practice in corporate sustainability, Cornell University

Justin Mundy, director, International Sustainability Unit



Strategy session 3: Scaling the response to pollution and plastics (concurrent)

Pollution causes untold damage to the ocean. Contaminants harm marine habitats, ecosystems and

wildlife, ultimately damaging food sources and the overall health of the environment. But a solution

could be remarkably close.

Most pollutants in the ocean come from land-based activities. Each year, more than 600m kilos of

garbage enters the ocean, in many cases because of human activities on coastlines, including

dumping. Visible pieces of garbage are not the only issue: micro-plastics and industrial and chemical

run-off inadvertently (and sometimes more intentionally) spill into or enter the ocean. According to

McKinsey and the Ocean Conservancy, five countries account for 55–60% of plastic waste, which

suggests that a targeted response could have a big impact.

What is the economic case for controlling and cleaning up pollution in the ocean? Which

industries and businesses are leading the charge, and how do they do it?

What scale of investment is needed, and how can current levels of investment be increased?

What opportunities exist for the private sector? How can investors be engaged and incentivised

to meet pollution-control objectives?

Speakers

David Clark, vice-president, safety environment and sustainability, Amcor

Arif Havas Oegroseno, deputy minister of the coordinating ministry of maritime affairs and resources,

Indonesia

Andreas Merkl, chief executive officer, Ocean Conservancy

David Jones, executive director for business and sustainability, Plastic Oceans Foundation

Boyan Slat, founder and chief executive officer, The Ocean Cleanup

Strategy session 4: Retreat or fortify? Managing coastal environments (concurrent)

Urbanisation and rising sea levels will reshape coastlines in the decades to come. Communities around



the world are already considering how to respond to the effects of climate change: retreat or fortify?

Enormous risks and opportunities will emerge as coastlines are developed and reinforced: ports,

housing, heavy industry, tourism, sea defences, urban infrastructure and desalination are all on the front

line, with coastal investment expected to exceed investment in the ocean itself.

How can policymakers and industry alike be engaged to ensure that this coastal boom takes

the ocean environment into account?

What opportunities exist for investors—and what are the risks?

What role can the private sector play, together with government, to manage the impact of

rising sea levels?

This interactive session will begin with a panel discussion between industry, investment, scientific and

policymaking experts, followed by workshop-style discussions. How can coastal environments be

managed sustainably?

Speakers

Avshalom Felber, chief executive officer and president, IDE Technologies

Carol Anne Clayson, ‎director, ocean and climate change institute, Woods Hole Oceanographic

Institution

Rowan Douglas, chief executive officer, capital, science and policy practice and chairman, Willis

Research Network

3.30pm Networking break

4.00pm Spotlight interview: China and the ocean economy

China’s rise has remade the global economy, and it will likely reshape the ocean, too. The country’s

maritime economy is expanding faster than its GDP overall, according to the central government’s



State Oceanic Administration, and it has ambitious development plans beyond its borders. As part of its

One Belt, One Road initiative, China hopes to build a “Maritime Silk Road” of port infrastructure, which

would span the Indian and Pacific Oceans. China’s fisheries and near-shore environments have already

changed radically (60% of its coastline is now sea wall). What effect will China’s continued rise have on

the global ocean?

Speaker

Zhang Zhanhai, director-general, department of strategic planning and economy, State Oceanic

Administration, China

4.20pm The Ocean Innovation Challenge

The transition to a sustainable ocean economy offers opportunities not just for established

businesses and investors, but also for a new crop of inspired and inspiring entrepreneurs. The Ocean

Innovation Challenge is a global search for the best and brightest among those applying their

talents to the ocean economy. This year, we asked entrants to inspire us with their idea and to

submit a business plan explaining how they intend to grow. Entrants must be pre-funded, but

seeking further capital. Each will have five minutes to present their innovation. Do our entrepreneurs

have what it takes to convince a panel of impact investors that their vision is worth funding?

To what extent does the innovation demonstrate breakthrough processes or technologies

that contribute to building a sustainable ocean economy?

Is it market-ready or near-market, with a working prototype?

Is it scalable?

Judging panel

Jennifer Pryce, president and chief executive officer, Calvert Social Investment Foundation

Sean Kidney, chief executive officer, Climate Bonds Initiative

Christopher Knowles, head of the climate change and environment division, European Investment



Bank

Torsten Thiele, founder and managing partner, Global Ocean Trust

Andrew Palmer, business affairs editor, The Economist

Charles Goddard, editorial director, Asia-Pacific,

The Economist Intelligence Unit; executive director, World Ocean Summit

5.10pm Social-media war room

Turn conversation into action. Share your key takeaways from Day 1 in this interactive discussion, and

commit to action on our scrolling social-media wall.

5.25pm Closing keynote

5.50pm Video messages

5.55pm Closing remarks



Participants will be encouraged to connect ahead of the World Ocean Summit using the event app.



World Ocean Summit, Day 2

8.00am Registration

8.25am Welcome remarks

Charles Goddard, Asia-Pacific editorial director at The Economist Intelligence Unit, and Zanny

Minton Beddoes, editor-in-chief of The Economist, discuss the key takeaways from Day 1 and map

out what participants can hope to achieve on Day 2.

8.45am

Opening keynote interview

Live video link from Mexico

Moderator

Zanny Minton Beddoes, editor-in-chief of The Economist

9.00am Keynote panel: Realising the ocean’s potential

In the march towards a more sustainable ocean economy, industries such as coastal

infrastructure, tourism, seafood and aquaculture, urban infrastructure, housing and waste

disposal will be transformed, while new industries such as renewable energy, biotechnology,

and environmental restoration will emerge or grow. This coming wave of industrialisation in the

ocean will bring with it a multitude of opportunities for communities willing to put financial and

human capital into ocean industries and stewardship of ocean ecosystems.

This series of two panels will bring together senior government ministers, then leading scientists

and civil society groups, to outline what they see as the key challenges and opportunities in

the transition to a sustainable ocean economy.



Where will new investments from the public sector happen?

What is the right mix of public and private capital, and what role will public–private

partnerships play?

How do governments weigh short-term costs against long-term benefits?

What governance measures need to be put in place?

What will be the role of local communities?

How can the maintenance of a public good—the health of the oceans—be

monetised?

Panel 1: The view from government

Speakers

Heraldo Muñoz, minister of foreign affairs, Chile

Karmenu Vella, commissioner for environment, maritime affairs and fisheries, European Commission

Luhut Binsar Pandjaitan, coordinating minister for maritime affairs, Indonesia

U Ohn Win, minister of natural resources and environmental conservation, Myanmar

Amina Mohammed, minister of environment, Nigeria

9.45am Panel 2: The view from multilaterals

Speakers

Esben Poulsson, chairman, International Chamber of Shipping

Kitack Lim, secretary-general, International Maritime Organization

Douglas Frantz, deputy secretary-general, Organisation for Economic Co-operation and

Development

Under invite

Erik Solheim, executive director, United Nations Environment Programme and under secretary-

general, United Nations



10.30am Networking break

11.00am Strategy session 5: Aquaculture

Moderated by

Charles Goddard, editorial director, Asia-Pacific, The Economist Intelligence Unit

Strategy session 6: Investment framework for a sustainable ocean economy—A roadmap

(concurrent)

The transition to a sustainable ocean economy requires capital. Yet for investors and business

leaders, committing funds to new technologies, processes or industries is a risk. Investors are

increasingly being held to account for how their investments affect the environment. If more

capital is to flow into the ocean, and into sustainable investments, there will need to be new

investment frameworks and mechanisms that allow investors to properly profile, evaluate and

manage economic, environmental and social risks. As yet, no such framework exists for the

marine environment, except perhaps imperfectly within specific sectors and industries.

How do companies and financial institutions evaluate the sustainability of their

investments in the ocean? What mechanisms are currently available?

What would it take for large and traditionally conservative investors, such as pension

funds and insurance companies, to feel confident in increasing their investment in the

ocean economy?

How can investors be assured their capital is not contributing to adverse

environmental and social outcomes?

What specific guidelines are available to investors, and what else needs to be created in

this area?



Speakers

Fabian Huwyler, vice-president, conservation finance, Credit Suisse

David Barley, investment director, Ecosphere Capital Partners

Michael Chen, head of sustainability, Westpac Institutional Bank

Moderated by

Daniel Franklin, executive editor, The Economist

Strategy session 7: Financing the transition to sustainable shipping (concurrent)

The decarbonisation of shipping was left off the agenda at COP21, but remains a pressing issue for

shipping companies and those who finance shipping. Globally, CO2 emissions from ships

contribute 2.4% of emissions annually (about the same as Germany); this is set to increase as

seaborn trade grows and projected decarbonisation elsewhere accelerates.

As a cross-border industry, shipping required a global approach to reducing CO2 emissions. This is a

challenge; so too is overcoming the perverse incentives caused by a system in which the shipper

of goods (rather than the ship-owner) usually pays the cost of fuel. What’s more, there are no

obvious technologies to replace carbon-based propulsion systems.

Financing the retrofitting of more efficient propulsions systems or the development of alternative

technologies will require a major injection of capital globally. This is an opportunity, albeit one with

plenty of risks and uncertainties.

This session will build on a discussion started at a high-level advisory meeting held in London in

November 2016. How much capital is required to finance the transition to sustainable shipping?

Where will it come from? Are existing financing mechanisms up to the job, and what new ideas are

on the horizon? What is the business case for investing in the transition to sustainable shipping?



Strategy session 8: The blue business agenda (concurrent)

This interactive workshop will pick up the discussion from the morning’s keynote panels on

“Realising the Ocean’s Investment Potential”. Participants from growing and emerging industries

such as coastal infrastructure, tourism, seafood and aquaculture, waste disposal, renewable

energy, biotechnology, and restoration will detail some of the key investment opportunities that

currently exist in the ocean—and discuss what the most exciting opportunities will be in 2, 5, and 10

years’ time.

Speakers

Harald Lauke, president, advanced materials and systems research and regional research

representative for Asia-Pacific, BASF

Kiyohiko Ko, managing director, Future Energy Consulting

João Metelo, chief executive officer, Principle Power

12.30pm Networking lunch


Participants will be encouraged to connect ahead of the World Ocean Summit using the event

app.

2.30pm Sizzle session: The tech revolution

We invite three leading tech companies to demonstrate how their innovations are shaping the

ocean economy while protecting its resources. Which technology will be a game-changer? We

ask participants to vote using the event app.



Speakers

Brian Sullivan, program manager, Google Ocean & Earth Outreach

Roger Hine, co-founder and chief technology officer, Liquid Robotics

Moderated by

Andrew Palmer, business affairs editor, The Economist

3.15pm The World If…

In the lead-up to the summit, we asked participants to submit their most hoped-for—or

feared—scenario for the ocean economy. This session compiles and presents these scenarios,

submitted via social media using the hashtag #oceanworldif, and asks leading thinkers to

imagine the world if three of these scenarios became a reality.

Speakers

Peter Wong, president, Asia-Pacific, The Dow Chemical Company

3.45pm Networking break

4.15pm Social-media war room

Turn conversation into action. Share your key takeaways from the World Ocean Summit 2017 in this

interactive discussion, and commit to action on our scrolling social-media wall. What will your

agenda for action be?

Moderated by


4.45pm Keynote interview: financing the transition



Under invite

Bill Morneau, minister of finance, Canada

Arun Jaitley, minister of finance, India

Sri Mulyani Indrawati, minister of finance, Indonesia

José Antonio Meade Kuribreña , secretary of finance and public credit, Mexico

5.20pm Closing remarks


Other confirmed speakers include:

Naoko Ishii, chief executive officer and chairperson, Global Environment Facility

Laura Tuck, vice-president for sustainable development, World Bank

Pascal Lamy, former director, World Trade Organization

Paul Jardine, executive vice-president and chief experience officer, XL Group

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WORLD OCEAN SUMMIT 2017February 22nd-24th 2017 | Bali, Indonesia

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February 22nd-24th 2017 • Bali, Indonesia

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