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Study: Financing is a Key Barrier to Sustainable Ocean Economy, but Solutions Exist

(WASHINGTON – June 8, 2021) A paper published in the journal Nature Communications today on World Oceans Day finds that public and private investment lags far behind what’s needed to ensure a thriving, resilient and sustainable ocean economy — but that solutions exist.

The paper, “ Financing a sustainable ocean economy ,” is authored by an international group of economists and ocean policy experts. It identifies key barriers to financing and ways to mitigate them in order to support jobs, livelihoods, food security, nutrition and ocean health. Environmental Defense Fund’s Executive Vice President Amanda Leland and Senior Director for Oceans Climate Strategies Tim Fitzgerald are among the paper’s co-authors.

“In the fishing industry, women experience unequal access to capital to start or grow their own business, despite making up nearly half (60 million) of the global workforce,” said Leland. “This has real consequences for their ability to earn a stable living and provide for their families. While better financing is needed for the entire ocean economy, women especially need more and better financing options.”

A sustainable ocean economy requires more and better financing that generates, invests, aligns and accounts for financial capital to achieve sustained ocean health and governance, the paper states. […]

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