Good Measurement and Good Management for a Sustainable Ocean Economy
Please join us on Wednesday, April 1 (9:00 a.m. – 11:00 a.m.) for the launch of two pioneering “Blue Papers” that show how good measurement and good management can help the world achieve a sustainable ocean economy.
National Accounting for the Ocean and Ocean Economy: Most countries maintain accounts that tell a story about their economy. The most well-known part of the story is GDP. But the story told by GDP leaves out important details: What parts of the economy rely on the ocean? Is growth in ocean industries making a country richer or poorer in the long term? How does the ocean economy affect local communities and individuals? Is the economy damaging ocean ecosystems or improving their health for future generations? This Blue Paper shows how countries can make use of existing national accounts to tell the story of the ocean economy (though ocean accounts) that answer these questions to tell a more complete story about the journey toward a sustainable ocean economy.
Integrated Ocean Management: The world relies on the ocean to cover increasing needs for food, energy, and transport. At the same time, marine ecosystems are facing serious challenges from climate change, over-exploitation, loss of biodiversity, and pollution. There is a pressing need to strike the balance between production and protection. This Blue Paper shows how Integrated Ocean Management (IOM) offers the tools to do so. IOM puts ecosystem-based management and the best available science at the center of every decision-making process. By balancing various human needs and ocean uses, IOM safeguards ocean health while supporting growth in a sustainable ocean economy.
Dr. Sandra Whitehouse, Nonresident Senior Fellow, Atlantic Council
Dr. Eli Fenichel, Knobloch Family Professor of Natural Resource Economics, Yale School of Forestry & Environmental Studies
Amy Trice, Director of Ocean Planning, Ocean Conservancy
Ambassador Kåre Aas, Norwegian Ambassador to the United States
These Blue Papers were prepared by leading experts in support of the High Level Panel for a Sustainable Ocean Economy (HLP). The HLP (