All countries maintain accounts that tell a story about their economy. The most well-known feature of these national accounts is Gross Domestic Product or GDP — a single number that summarises the size of an economy represented by the total value of certain goods and services produced, usually each quarter or year. However, such an approach often leaves important questions unanswered, such as “What parts of the economy rely on the ocean? Is growth of ocean industries making a country richer or poorer in the long term? How does the economy affect local communities and individuals? Is the economy damaging ocean ecosystems or improving their health for future generations?”.
This knowledge gap limits our ability to make effective and inclusive decisions about how we use the ocean and deliver on the 2030 Agenda for Sustainable Development. In a post COVID-19 world we have the opportunity to use the ocean and ocean accounting to lead the way in a new system of national statistics that is fit for purpose for the challenges and opportunities we have today.
This webinar will launch the latest Blue Paper commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel), ‘National Accounting for the Ocean and Ocean Economy’. This paper highlights the opportunity for incorporating ocean accounts into national accounting frameworks and the data and technology already available at our fingertips to do so. This webinar will also feature the Global Ocean Accounts Partnership (GOAP), a global partnership designed to advance greater coordination and alignment between country efforts through a shared technical framework for ocean accounting and associated capacity building for countries looking to develop ocean accounts.
Join the paper’s authors and members of GOAP, as they discuss the implications of the paper for policy makers and showcase some of the leading examples from countries that are already putting the theory into practice.
This event is part of the series of webinars featuring new scientific ‘Blue Papers', commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel).
Eli Fenichel, Knobloch Family Professor of Natural Resource Economics, Yale School of the Environment (Co-lead author)
Catherine Blewett, Deputy Clerk of the Privy Council and Associate Secretary to the Cabinet; Sherpa to the Prime Minister on the High Level Panel for a Sustainable Ocean Economy, Canada
Glenn-Marie Lange, Senior Environmental Economist, World Bank
Claire Jolly, Head, STI Ocean Economy Group, OECD
Teerapong Praphotjanaporn, Asia-Pacific Communities of Practices, Global Ocean Accounts Partnership (GOAP)
David Obura, Director, CORDIO East Africa
Eliza Northrop, Policy Lead, Sustainable Ocean Initiative, World Resources Institute (Moderator)
About the Ocean Panel and Blue Papers
The High Level Panel for a Sustainable Ocean Economy (Ocean Panel) is a unique initiative by 14 world leaders who are building momentum for a sustainable ocean economy in which effective protection, sustainable production and equitable prosperity go hand in hand. By enhancing humanity’s relationship with the ocean, bridging ocean health and wealth, working with diverse stakeholders and harnessing the latest knowledge, the Ocean Panel aims to facilitate a better, more resilient future for people and the planet.
In the spirit of achieving the UN Sustainable Development Goals (SDGs), providing value to the UN Decade of Ocean Science for Sustainable Development and meeting the objectives of the Paris Agreement, the Ocean Panel commissioned a comprehensive assessment of ocean science and knowledge that has significant policy relevance. This includes a series of 16 Blue Papers that offer a synthesis of knowledge, new thinking and perspectives, and opportunities for action that serve as inputs to the Ocean Panel’s deliberations for its forthcoming action agenda.