Country Economic Memorandum for Sao Tome and Principe - Background Note 15 : Blue Economy and Environmental Resiliency
Oceans are an important source of wealth, at least 3 to 5 percent of global GDP is derived from the oceans, but their overall health is reaching a tipping point. Close to a third of fish stocks are fully fished or overfished, climate change is impa...
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| Format: | Background Paper |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/162571562913551840/Sao-Tome-and-Principe-Country-Economic-Memorandum-Background-Note-15-Blue-Economy-and-Environmental-Resiliency http://hdl.handle.net/10986/32091 |
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okr-10986-320912021-05-25T09:26:16Z Country Economic Memorandum for Sao Tome and Principe - Background Note 15 : Blue Economy and Environmental Resiliency de Fountalbert, Charlotte Desramaut, Nicolas Devine, Peter ENVIRONMENTAL SUSTAINABILITY BLUE ECONOMY CLIMATE CHANGE IMPACT FISHERIES EXCLUSIVE ECONOMIC ZONE OIL AND GAS PORT INFRASTRUCTURE COASTAL RESOURCES MARINE ENVIRONMENT SEA POLLUTION Oceans are an important source of wealth, at least 3 to 5 percent of global GDP is derived from the oceans, but their overall health is reaching a tipping point. Close to a third of fish stocks are fully fished or overfished, climate change is impacting coastal and marine ecosystems through a variety of vectors, unbridled development in the coastal zone is causing erosion, widespread desalination in semi enclosed seas is threatening fauna and flora alike, and marine pollution, particularly from land-based sources is reaching such a proportion that its impacts cannot even be accurately measured. The role of healthy oceans in stabilizing climate and keeping the planet cool is now better understood, and increasingly given the prominence and visibility it deserves in the global action arena. It is also known that business as usual in the different economic sectors associated with coastal and marine ecosystems will have great environmental and social impacts, which are expected to disproportionally affect vulnerable groups of the population, particularly women and girls. This is reflected in Sustainable Development Goal (SDG) 14 - Life Below Water, which calls to conserve and sustainably use the oceans, seas, and marine resources for sustainable development. In this context, the concept of the Blue Economy is particularly relevant and applicable to STP. Different institutions have different definitions of the Blue Economy, which is understood by the Bank as the sustainable and integrated development of oceanic sectors in healthy oceans. There is growing recognition that overfishing, marine pollution, and coastal erosion, among other issues, are pushing oceans to a tipping point to the detriment of the millions who depend on healthy oceans for jobs, nutrition, economic growth, and climate regulation. Central to the Blue Economy approach is the recognition that social benefits should be maximized over the long-term, ensuring that the economic drivers that result from the sustainable use of ocean resources are maintained. 2019-07-16T14:25:37Z 2019-07-16T14:25:37Z 2019-06-26 Background Paper http://documents.worldbank.org/curated/en/162571562913551840/Sao-Tome-and-Principe-Country-Economic-Memorandum-Background-Note-15-Blue-Economy-and-Environmental-Resiliency http://hdl.handle.net/10986/32091 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum Africa Sao Tome and Principe |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ENVIRONMENTAL SUSTAINABILITY BLUE ECONOMY CLIMATE CHANGE IMPACT FISHERIES EXCLUSIVE ECONOMIC ZONE OIL AND GAS PORT INFRASTRUCTURE COASTAL RESOURCES MARINE ENVIRONMENT SEA POLLUTION |
| spellingShingle |
ENVIRONMENTAL SUSTAINABILITY BLUE ECONOMY CLIMATE CHANGE IMPACT FISHERIES EXCLUSIVE ECONOMIC ZONE OIL AND GAS PORT INFRASTRUCTURE COASTAL RESOURCES MARINE ENVIRONMENT SEA POLLUTION de Fountalbert, Charlotte Desramaut, Nicolas Devine, Peter Country Economic Memorandum for Sao Tome and Principe - Background Note 15 : Blue Economy and Environmental Resiliency |
| geographic_facet |
Africa Sao Tome and Principe |
| description |
Oceans are an important source of
wealth, at least 3 to 5 percent of global GDP is derived
from the oceans, but their overall health is reaching a
tipping point. Close to a third of fish stocks are fully
fished or overfished, climate change is impacting coastal
and marine ecosystems through a variety of vectors,
unbridled development in the coastal zone is causing
erosion, widespread desalination in semi enclosed seas is
threatening fauna and flora alike, and marine pollution,
particularly from land-based sources is reaching such a
proportion that its impacts cannot even be accurately
measured. The role of healthy oceans in stabilizing climate
and keeping the planet cool is now better understood, and
increasingly given the prominence and visibility it deserves
in the global action arena. It is also known that business
as usual in the different economic sectors associated with
coastal and marine ecosystems will have great environmental
and social impacts, which are expected to disproportionally
affect vulnerable groups of the population, particularly
women and girls. This is reflected in Sustainable
Development Goal (SDG) 14 - Life Below Water, which calls to
conserve and sustainably use the oceans, seas, and marine
resources for sustainable development. In this context, the
concept of the Blue Economy is particularly relevant and
applicable to STP. Different institutions have different
definitions of the Blue Economy, which is understood by the
Bank as the sustainable and integrated development of
oceanic sectors in healthy oceans. There is growing
recognition that overfishing, marine pollution, and coastal
erosion, among other issues, are pushing oceans to a tipping
point to the detriment of the millions who depend on healthy
oceans for jobs, nutrition, economic growth, and climate
regulation. Central to the Blue Economy approach is the
recognition that social benefits should be maximized over
the long-term, ensuring that the economic drivers that
result from the sustainable use of ocean resources are maintained. |
| format |
Background Paper |
| author |
de Fountalbert, Charlotte Desramaut, Nicolas Devine, Peter |
| author_facet |
de Fountalbert, Charlotte Desramaut, Nicolas Devine, Peter |
| author_sort |
de Fountalbert, Charlotte |
| title |
Country Economic Memorandum for Sao Tome and Principe - Background Note 15 : Blue Economy and Environmental Resiliency |
| title_short |
Country Economic Memorandum for Sao Tome and Principe - Background Note 15 : Blue Economy and Environmental Resiliency |
| title_full |
Country Economic Memorandum for Sao Tome and Principe - Background Note 15 : Blue Economy and Environmental Resiliency |
| title_fullStr |
Country Economic Memorandum for Sao Tome and Principe - Background Note 15 : Blue Economy and Environmental Resiliency |
| title_full_unstemmed |
Country Economic Memorandum for Sao Tome and Principe - Background Note 15 : Blue Economy and Environmental Resiliency |
| title_sort |
country economic memorandum for sao tome and principe - background note 15 : blue economy and environmental resiliency |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/162571562913551840/Sao-Tome-and-Principe-Country-Economic-Memorandum-Background-Note-15-Blue-Economy-and-Environmental-Resiliency http://hdl.handle.net/10986/32091 |
| _version_ |
1764475760994680832 |