Proceedings of the workshop on Filling the Pipeline: A Sustainable Ocean Investment Ecosystem for the Seas of East Asia (EASC2018 Session 6 Workshop 2)
PUBLICATION DATE:
Friday, November 30, 2018
PUBLICATION TYPE:
Meeting Documents
STATUS:
Only Available Online
DESCRIPTION:
The need for significantly increased investment to achieve the targets under the UN Sustainable Development Goals (SDGs) is well understood. UNDP cites a USD2.5 trillion gap in investments required to meet the SDGs, and it’s not likely that all of this financing will come from government and donor support. By catalyzing private sector investment, there is an opportunity to redirect billions of dollars of capital away from unsustainable investment towards sustainable, blue economy investments in the region.
To address this need and opportunity, a number of new funds have emerged to focus on investing in sustainable development of oceans, in areas including fisheries, marine pollution and coastal tourism. However, funds face challenges in sourcing investment projects that can support the SDGs while offering viable investment models. Local governments look to engage in the investment conversation, but may not know where to start. At the same time, donor support has a role to play in developing new models and approaches that can lower risks and catalyze the flow of private capital to investments that can have an impact at the local level.
This session was designed to introduce the emerging investment ecosystem for the Seas of East Asia, including lessons learned for sourcing and developing investments that address critical ocean challenges, such as ocean plastics, wastewater, sustainable aquaculture, marine conservation, and more. Building on the regional Strategic Action Programme (SAP) coordinated by PEMSEA, which brings together donors, technical partners and the private sector, this new investment ecosystem can catalyze both public and private financing, building a pipeline of investment opportunities supporting SDG 14 and unlocking the ocean investment potential in region.
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