Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks
The 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...
| Autores principales: | , , , , , , |
|---|---|
| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Cell Press
2024
|
| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/170154 |
| _version_ | 1855536521681043456 |
|---|---|
| author | Schutter, Marleen Cisneros-Montemayor, Andrés Voyer, Michelle Allison, Edward (Eddie) Domarchuck-White, Calvin Benzaken, Dominique Mohammed, Essam Yassin |
| author_browse | Allison, Edward (Eddie) Benzaken, Dominique Cisneros-Montemayor, Andrés Domarchuck-White, Calvin Mohammed, Essam Yassin Schutter, Marleen Voyer, Michelle |
| author_facet | Schutter, Marleen Cisneros-Montemayor, Andrés Voyer, Michelle Allison, Edward (Eddie) Domarchuck-White, Calvin Benzaken, Dominique Mohammed, Essam Yassin |
| author_sort | Schutter, Marleen |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The 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. |
| format | Journal Article |
| id | CGSpace170154 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | Cell Press |
| publisherStr | Cell Press |
| record_format | dspace |
| spelling | CGSpace1701542026-01-26T03:41:00Z Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks Schutter, Marleen Cisneros-Montemayor, Andrés Voyer, Michelle Allison, Edward (Eddie) Domarchuck-White, Calvin Benzaken, Dominique Mohammed, Essam Yassin fisheries sdgs fish blue growth ocean economy ocean finance blue investment funding gap impact investment The 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. 2024-04-19 2025-01-28T05:34:15Z 2025-01-28T05:34:15Z Journal Article https://hdl.handle.net/10568/170154 en Open Access application/pdf Cell Press Marleen 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. |
| spellingShingle | fisheries sdgs fish blue growth ocean economy ocean finance blue investment funding gap impact investment Schutter, Marleen Cisneros-Montemayor, Andrés Voyer, Michelle Allison, Edward (Eddie) Domarchuck-White, Calvin Benzaken, Dominique Mohammed, Essam Yassin Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks |
| title | Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks |
| title_full | Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks |
| title_fullStr | Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks |
| title_full_unstemmed | Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks |
| title_short | Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks |
| title_sort | mapping flows of blue economy finance ambitious narratives opaque actions and social equity risks |
| topic | fisheries sdgs fish blue growth ocean economy ocean finance blue investment funding gap impact investment |
| url | https://hdl.handle.net/10568/170154 |
| work_keys_str_mv | AT schuttermarleen mappingflowsofblueeconomyfinanceambitiousnarrativesopaqueactionsandsocialequityrisks AT cisnerosmontemayorandres mappingflowsofblueeconomyfinanceambitiousnarrativesopaqueactionsandsocialequityrisks AT voyermichelle mappingflowsofblueeconomyfinanceambitiousnarrativesopaqueactionsandsocialequityrisks AT allisonedwardeddie mappingflowsofblueeconomyfinanceambitiousnarrativesopaqueactionsandsocialequityrisks AT domarchuckwhitecalvin mappingflowsofblueeconomyfinanceambitiousnarrativesopaqueactionsandsocialequityrisks AT benzakendominique mappingflowsofblueeconomyfinanceambitiousnarrativesopaqueactionsandsocialequityrisks AT mohammedessamyassin mappingflowsofblueeconomyfinanceambitiousnarrativesopaqueactionsandsocialequityrisks |