Summary of Abstract Submission

Abstract Submission No. IO50-12-0012PresentationKeynote

HARNESSING BLUE CAPITAL FOR BLUE GROWTH: WHY INVEST?

Essam Yassin Mohammed*1

1 International Institute for Environment and Development (IIED), UK

ABSTRACT :

The term ┐blue capital┐ refers to marine and coastal ecosystems (e.g. coral reefs, mangroves, salt marshes and sea-grass beds) that provide economically significant goods and services. Depending on national circumstances, blue capital underpins marine and coastal economic development by protecting cities and communities from flooding; regulating water quality; attracting tourism; or sustaining fisheries. Certain marine and coastal ecosystems also sequester more carbon dioxide than terrestrial vegetation, and are therefore crucial regulators of climate change. The focus of my talk will be to identify practical development pathways that enhance both the: (1) health of marine and coastal ecosystems; and (2) contribution of these ecosystems to livelihoods and economic growth. Specific questions addressed include: Why invest? ┐ Present a clear and accessible synthesis of current knowledge concerning the economic benefits of healthy marine and coastal ecosystems; and How to invest? ┐ Drawing on a large selection of case studies, set out a diverse suite of globally relevant legal, policy and financial options for maintaining and enhancing these benefits.