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A Sustainable and Equitable Blue Recovery to the Covid-19 Crisis

High Level Panel for a Sustainable Ocean Economy  

Abstract:

The COVID-19 pandemic has had severe ramifications worldwide, and the ocean economy is no exception. While initially projected to double by 2030, the growth of the ocean economy has been hindered by COVID-19, with significant revenue losses throughout. The ocean economy may be a victim of the impacts of the COVID-19 crisis, but it also holds solutions for rebuilding a more resilient, sustainable, and equitable post-COVID world. Investment in ‘blue’ recovery and stimulus packages, along with policy reform, can immediately create jobs and provide short-term economic relief, while fostering long-term economic growth, resiliency, and social and environmental benefits.

Application in MSP:
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Unknown effect
Type of Issue:
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Economic aspects
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Environment aspects
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Social aspects
Type of practice:
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Other
Cross-border / trans-national aspect:
No
Key words:
Blue economy
COVID19
social impacts
environmental impact
economic impacts
Source / Links:

Northrop, E., et al. 2020. ‘‘A Sustainable and Equitable Blue Recovery to the COVID-19 Crisis.’’ Report. Washington, DC: World Resources Institute. Available online at http://www.oceanpanel.org/ bluerecovery.

Questions this practice may help answer:

  • How did the Covid-19 crisis impact the ocean economy?
  • What are the emerging responses to face this crisis?
  • How can the Covid-19 crisis drive a new global cooperation on sustainable blue economy?

Implementation Context:

This report was drafted in the context of the COVID-19 crisis.

Aspects / Objectives:

This report aims at providing a holistic assessment of the impact (economic, social and environmental) that COVID-19 has had on the ocean economy.

Method:

The report relies on real-time analysis of impacts of the COVID-19 crisis presented in published reports, working papers and blog posts to help provide an aggregated picture of the resulting economic, social and environmental impacts of COVID-19 on the ocean economy.

Main Outputs / Results:

This report provides a roadmap to achieve a sustainable and resilient ocean economy after the COVID-19 crisis.

Transferability:

This practice is transferable to any country.

Responsible Entity:

High Level Panel for a Sustainable Ocean Economy. 

Funding Source:

High Level Panel for a Sustainable Ocean Economy. 

Contact person:

High Level Panel for a Sustainable Ocean Economy: infoatoceanpanel.org (info[at]oceanpanel[dot]org)