New #BluePaper from the @OceanPanel. Ocean management plans and predictable conditions play an important part when attracting investments into sustainable practices. Norway is a strong supporter for better planning and management of the ocean #SustainableOceanEconomy.

2020-10-22 15:26:38

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High Level Panel for a Sustainable Ocean Economy

This paper examines how the next generation of financing mechanisms can support the ocean transition in an inclusive manner and how catalytic funds can be mobilised to finance that transition. It demonstrates the role insurance can play in accelerating the transition; and how ocean-related subsidies contribute to or detract from the sustainable ocean economy, recommending approaches to be phased out and new solutions that incentivise sustainable management.