Building on the World Bank’s Blue Economy approach, which calls for the sustainable and integrated development of economic sectors in a healthy ocean, this report presents lessons learned from expanding the knowledge base around Blue Biodiversity and then applying it. The report also highlights ways that MPAs and OECMs can promote the equitable and inclusive participation of Indigenous Peoples and local communities (IPlc), women, youth, and other underrepresented people in marine management. In sum, this report aims to communicate what, why, and how of using spatial management to preserve marine assets and ocean vitality, highlighting best practices across the main tools and approaches. The document is modelled on other PROBLUE publications, and links to previous World Bank guidance on MSP and Blue Carbon. The authors hope it will encourage Member States to give detailed attention to marine biodiversity as they work to meet conditions of World Bank loans and their commitments under UNFCCC, the Global Biodiversity Framework, and other global goals and agreements. The intended outcome is the mainstreaming of Blue Biodiversity in government policies, harnessing the full range of financing to invest in marine management and building lasting support for protection of the world’s marine ecosystems.
Authors
- Citation
- “ World Bank . 2024 . Blue Biodiversity: Investing in Our, and Our Ocean’s, Future . © Washington, DC: World Bank Group . http://hdl.handle.net/10986/42318 License: CC BY-NC 3.0 IGO . ”
- Collection(s)
- Other Environmental Study
- DOI
- https://doi.org/10.1596/42318
- Identifier externaldocumentum
- 34395932
- Identifier internaldocumentum
- 34395932
- Pages
- 74
- Published in
- United States of America
- Report
- 193740
- Rights
- CC BY-NC 3.0 IGO
- Rights Holder
- World Bank Group
- Rights URI
- https://creativecommons.org/licenses/by-nc/3.0/igo
- UNIT
- Planet - GLOBAL ENR PM (SENGL)
- URI
- https://hdl.handle.net/10986/42318
- date disclosure
- 2024-10-29
- region geographical
- World
Files
Table of Contents
- ACKNOWLEDGMENTS 3
- Terms and Abbreviations 6
- The Invaluable Global Ocean 7
- Ocean and human well-being 7
- Blue biodiversity loss— drivers and solutions 9
- Goals of this report 10
- What is Blue Biodiversity? 11
- Blue biodiversity describes both marine species richness and blue nature benefits 11
- Why Blue Biodiversity matters 12
- Loss of marine biodiversity reduces human well-being and impedes development 12
- The many benefits of action to curtail Blue Biodiversity loss 14
- Blue Biodiversity and the new World Bank mission to end extreme poverty and boost prosperity on a livable planet 15
- The Economics of Blue Biodiversity 16
- Blue biodiversity underpins ocean values 16
- Safeguarding Blue Nature and the Ocean Asset Base 19
- Special challenges in the blue 19
- Biodiversity assessments and identification of priority spaces 20
- Marine Protected Areas 21
- What are MPAs? 21
- The challenges of design 23
- Trade-offs and opportunity costs 24
- Best practice MPA planning 25
- Thinking big through MPAs 26
- OECMs 29
- What is an OECM? 29
- OECM net positive outcomes 30
- Identification of existing OECMs and design of new OECMs 31
- Protected Area Systems 31
- The broader context: Marine Spatial Planning 33
- What is MSP? 33
- MSP and ocean health 34
- Climate smart MSP 35
- Guidance for mainstreaming Blue Biodiversity in MSP 36
- A Bird’s Eye View of Blue biodiversity resume here 38
- Blue Biodiversity under the Kunming-Montreal Global Biodiversity Framework 38
- Linking Blue Biodiversity to climate change mitigation and adaptation 39
- A Strategy for Mainstreaming Blue Nature 43
- I. Assessing Blue Biodiversity to Establish Priorities 45
- II. Strengthening Institutional Frameworks for Safeguarding Blue Biodiversity 46
- III. Financing Blue Nature 47
- Categories of Blue Financing 47
- Innovative Bonds 50
- Private Sector Involvement 50
- Parametric Insurance 50
- Trust Funds 50
- IV. Implementing Blue Biodiversity actions 51
- Action Menu for Safeguarding Blue Biodiversity 52
- Short-Term Measures: 53
- Medium-Term Measures: 54
- Long-Term Measures: 54
- Frameworks to Support Actions 55
- Revised NBSAPs 56
- Revised NDCs 57
- Amended NDPs 57
- Conclusions 59
- Sources 61
- TOOLKITS 65
