Fitrianggraeni, Setyawati and Gemilang, Muhammad Soufi Cahya and Purnama, Sri Advancing SDG 5: Unveiling the hidden nets – The case for financing fisherwomen.
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At the recent Third United Nations Trade Forum in 2023, the UNCTAD Secretary-General Pedro Manuel Moreno said, “Now is the time to set a new course by investing more in building a sustainable ocean economy.”[i] His words underscore a burgeoning global economic shift that is gaining prominence. Moving beyond the widely recognized green economy, the blue economy paradigm seeks to transform the ocean-based economy into a more egalitarian platform, leveraging the full potential of the marine resources whilst conserving the marine ecosystem.[ii] Sustainable financing is crucial in this endeavor. One of the evidence can be seen in the data for philanthropic and official development aid of the last 10 years where only USD 13 billion invested in the ocean-based economy from 2010 to 2020 in the overall USD 15 trillion that had been poured for development.[iii] The impact of climate change on the ocean could cost an additional $322 billion a year by 2050 if we fail to mitigate the effects of global warming whereas the ocean economy is projected to increase to $3 trillion by 2030.[iv] To bridge this gap, more blended finance is essential to tap potential resources and anticipate future marine disasters.
| Item Type: | Articles |
|---|---|
| Keywords: | SDG, Blue economy, Marine Ecosystem, Marine Environment, Women, Gender, Finance, Climate change, Marine Disaster, Sustainable Use |
| Subjects: | Gender in Fisheries and Aquaculture |
| Depositing User: | Vivek D ICSF |
| Date Deposited: | 02 May 2024 05:03 |
| Last Modified: | 02 May 2024 05:03 |
| URI: | http://icsfarchives.net/id/eprint/20195 |
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