2018 promises to be a pivotal year for blue economy development in the Seas of East Asia, as PEMSEA and its partners celebrate 25 years of progress in working towards a shared vision of healthy oceans, people and economies. We are excited to share the first issue of the Blue Economy Bulletin for 2018.
Preparations are underway for PEMSEA’s triennial East Asian Seas Congress to be held in Iloilo City, Philippines from November 27-30. As calls for private sector funding to contribute to the SDGs continue to increase, the 6th EAS Congress will focus on ushering in better, stronger and smarter regional actions, aligned with the global ocean agenda. Applications are open for organizations to host “Partnership Hub” side events, deadline for applications is March 16th.
Kicking off the year, Thailand held its National Inception Workshop in February to mobilize scaling up of the Sustainable Development Strategy for the Seas of East Asia. PEMSEA joined the Philippine Department of Environment and Natural Resources and other key environmental groups in the launch of the International Year of the Reefs. At the joint ADB, UN Environment and UN ESCAP workshop on integrating environmental SDGs, PEMSEA's Executive Director Aimee Gonzales shared how the UN Ocean goal is implemented at the local level.
Elsewhere in the region, Brunei explored bilateral opportunities for blue economy development. The UN announced a Business Action Platform for the Ocean, and calls for private sector funding to contribute to the SDGs increases, including blended capital approaches to support sustainable fisheries. Green bonds, which hold promise for financing sustainable development of marine assets, are under the spotlight for accountability and transparency.
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