Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks

cg.contribution.worldfishauthorSchutter, M.en_US
cg.contribution.worldfishauthorAllison, E.en_US
cg.contribution.worldfishauthorMohammed, E.en_US
cg.contributor.affiliationWorldFishen_US
cg.contributor.affiliationUniversity of Wollongongen_US
cg.contributor.affiliationLancaster University, Lancaster Environment Centreen_US
cg.contributor.affiliationUniversity of Washington, College of the Environment, School of Marine and Environmental Affairsen_US
cg.contributor.affiliationUniversity of Wollongong, Australian National Center for Ocean Resources & Securityen_US
cg.contributor.affiliationUniversity of Washington, EarthLab, Nippon Foundation Ocean Nexus Centeren_US
cg.contributor.affiliationSimon Fraser Universityen_US
cg.contributor.funderCGIAR Trust Funden_US
cg.contributor.funderUniversity of Washington, EarthLab, Nippon Foundation Ocean Nexus Centeren_US
cg.contributor.initiativeAquatic Foodsen_US
cg.contributor.initiativeNational Policies and Strategiesen_US
cg.description.themeMiscellaneous themesen_US
cg.identifier.ISIindexedISI indexeden_US
cg.identifier.statusOpen accessen_US
cg.subject.actionAreaResilient Agrifood Systemsen_US
cg.subject.actionAreaSystems Transformationen_US
cg.subject.agrovocfisheriesen_US
cg.subject.agrovocsdgsen_US
cg.subject.agrovocfishen_US
dc.creatorSchutter, M.en_US
dc.creatorCisneros-Montemayor, A.M.en_US
dc.creatorVoyer, M.en_US
dc.creatorAllison, E.en_US
dc.creatorDomarchuck-White, C.en_US
dc.creatorBenzaken, D.en_US
dc.creatorMohammed, E.en_US
dc.date.accessioned2025-01-28T05:31:48Z
dc.date.available2025-01-28T05:31:48Z
dc.date.issued2024en_US
dc.description.abstractThe blue economy provides a sustainability framework for ocean governance, but it is unclear whether narratives are matched by binding financial commitments and disbursements. Amid attention being paid to “funding gaps” in the Sustainable Development Goals, a lack of transparency in financial flows means that the blue economy concept risks being co-opted to facilitate further exploitation of ocean spaces and resources without contributing to environmental sustainability or social equity. Here, we analyze blue-economy-labeled money flows disbursed between 2017 and 2021 to identify sources and recipients and potential social equity impacts on the ground. Financing is predominantly disbursed to Europe and Central Asia and skewed toward business development and renewable energy. Our analysis reveals widespread occurrence of “red flags” for social equity outcomes. Although constrained to money flows that actively employ blue economy language, our findings show disconnects between finance and narratives of equity, inclusion, and sustainability. We offer a baseline for critical examination of blue finance flows in delivering equity and environmental sustainability.en_US
dc.formatPDFen_US
dc.identifier.citationMarleen Schutter, Andrés Cisneros-Montemayor, Michelle Voyer, Edward (Eddie) Allison, Calvin Domarchuck-White, Dominique Benzaken, Essam Yassin Mohammed. (19/4/2024). Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks. One Earth, 7 (4), pp. 638-649.en_US
dc.identifier.doihttps://dx.doi.org/10.1016/j.oneear.2024.02.009en_US
dc.identifier.issn2590-3322en_US
dc.identifier.issn2590-3330en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12348/6347
dc.languageenen_US
dc.publisherCell Pressen_US
dc.rightsCC-BY-NC-4.0en_US
dc.sourceOne Earth;7,(2024) Pagination 638-649en_US
dc.subjectblue growthen_US
dc.subjectocean economyen_US
dc.subjectocean financeen_US
dc.subjectblue investmenten_US
dc.subjectfunding gapen_US
dc.subjectimpact investmenten_US
dc.titleMapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risksen_US
dc.typeJournal Articleen_US

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