More than three billion people rely on the ocean for their livelihoods, the vast majority in developing countries. In many of those, ocean-based industries such as tourism and fisheries are key sources of income, foreign exchange, and jobs. Too often, however, these sectors have expanded without sufficient consideration for environmental and social sustainability, creating low paying jobs and leading to environmental degradation. These sectors are also affected by climate change, ocean pollution, and overfishing. As the ocean becomes the centre stage for a new range of economic activities, it is critical to enable developing countries to turn new and emerging ocean-based sectors into catalysts for long-term, nature-positive, and inclusive sustainable development.
By creating a space for policy dialogue based on fresh evidence, the Sustainable Ocean for All initiative supports the transition to a truly sustainable global ocean economy, in a way that benefits the poorest and most vulnerable countries, including small island developing states.
As part of the Sustainable Ocean for All initiative, the OECD quantifies and tracks global development finance related to the ocean economy, and provides estimates of the share that enhances sustainability. These estimates are produced through a dedicated methodology and are based on statistical data from the OECD DAC Creditor Reporting System (CRS). This platform makes estimates accessible for the 2010-21 period, unless otherwise specified. In addition to global trends, it allows to easily visualise and download development finance flows for the ocean economy at a granular level.
This platform includes estimates on:
June 2023 | PAPER
January 2021 | POLICY RESPONSES
September 2020 | REPORT
This initiative has four main aims. First, enhance the knowledge base available to developing countries, and help them assess their policy options. Second, develop new evidence for development cooperation providers to foster more effective and co-ordinated action. Third, help align public and private finance better with the goal of a sustainable ocean economy, through adequate domestic policies and international coordination. Fourth, foster dialogue and mutual learning amongst ministries, agencies, academia, foundations, NGOs and the private sector around the world.
The project includes:
Small island developing states (SIDS) stand at a critical juncture on their paths to sustainable development. OECD provides statistical data and policy analysis to help them access concessional finance and other resources tailored to their circumstances and need.
Small island developing states (SIDS) often define themselves as ‘big ocean states’ and many have developed strategies and approaches to foster sustainable ocean economies as a new driver of sustainable development.
In 2020-21, only 4% of all ODA to SIDS was allocated in support of the ocean economy (total of USD 655.4 million). It is positive that a large share of this amount (83%) explicitly contributed to conserve the ocean or develop ocean economy sectors more sustainably (‘sustainable ocean economy’).