![WE NEED A BLUE ECONOMY INVESTMENT FACILITY
Addressing the need for a sustainable use of oceans along with their
coastal and estuarine hinterlands [as well as large lake areas such as Lake
Victoria] – embracing key sectors such as:
• seabed mining,
• port development,
• fisheries farming,
• energy and,
• Tourism.
offers a new frontier for sustainable investments
November
Stakeholder Forum and Water Institute University of North
Carolina
e
2](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Blue economy investment facility
- 1. A B L U E E C O N O M Y I N V E S T M E N T FA C I L I T Y F E L I X D O D D S , S TA K E H O L D E R F O R U M A N D W AT E R I N S T I T U T E U N I V E R S I T Y O F N O R T H C A R O L I N A
- 2. WE NEED A BLUE ECONOMY INVESTMENT FACILITY Addressing the need for a sustainable use of oceans along with their coastal and estuarine hinterlands [as well as large lake areas such as Lake Victoria] – embracing key sectors such as: • seabed mining, • port development, • fisheries farming, • energy and, • Tourism. offers a new frontier for sustainable investments November Stakeholder Forum and Water Institute University of North Carolina e 2
- 3. HOW LONG DO WE HAVE? • Estimated 12 trillion dollars of oceans goods and services in a sustainable way. • Role of Partnerships to make full use of foreign investment flows and loans available. • PPPs – SDGs – UNECE seven Guiding Principles – Putting People first: Actions not words – Sharing project risks as one – Taking PPP Capacity Building seriously and leaving no one behind – A Policy framework that promotes PPPs in support of the UN SDG – A Legal framework that facilitates people-first PPPs – Open competition in selecting partners – Ensuring that PPP enhances the environment not at the expense of it November Stakeholder Forum and Water Institute University of North Carolina 3
- 4. THE INVESTMENT CASE Footer text here 4 There are three linked elements in making the investment case for a Blue Economy. • The first is public commitment: this means providing the right enabling environment for private investment and wider borrowing flows • The second element is valuing the resources provided by oceans and coasts effectively. • The third critical element - the willingness by the private (individual, corporate and institutional) and the public (local, national and international) sectors to actually invest in sustainability over significant periods of time.
- 5. A BLUE ECONOMY INVESTMENT FACILITY agreeing with stakeholders a series of Investment Plans for different sectors, linked to an overall umbrella Blue Economy Investment plan - identifying specific investment opportunities, and levels of investment needed mapping potential private sector investors and investment flows, with investment opportunities shaping and identifying particular projects for investment purposes, including through partnership meetings between investors and other stakeholders enabling the alignment and partnership process ‘agreements’ to be turned into a commercial process, with transparent tenders, proposed rates of return etc, November 2018 Stakeholder Forum and Water Institute University of North Carolina 5
- 6. ROADMAP TO BANKABLE PROJECTS Development of a pipeline of bankable projects that catalyze sustainable investments requiring close public-private cooperation and are in support of the actual implementation of agreed programmes: • Based on the input provided by local and national authorities and stakeholders • Identify prospective key projects and priories in an area/region • Preliminary screening of the projects on do-ability, sustainability and financial criteria • Hold meetings with project proponents • Contact prospective investors and development banks • Broker the capitalization of the investments, case by case. • Agree and publicize tenders the priority projects November Stakeholder Forum and Water Institute University of North Carolina 6
- 7. July 22, 2012 Stakeholder Forum and Water Institute University of North Carolina 7 A Blue Economy Investment Facility can be more than a clearing house, but a centre of excellence, applying new technologies and expertise to develop better projects, allied with innovative financial instruments such as Blue Bonds - a focused brokering approach which pulls it altogether, under the umbrella of government and public commitment to deliver A national Blue Economy Investment Facility rooted in local and national needs with benefits to investors and local people is what is need. Undertaken well it is abridge for government programmes to help deliver through investment: jobs, sustainability,, and controlling pollution while addressing poverty alleviation and climate change. This conference is a great place for an idea such as this to grow and for pilots to be established. After all the Blue Economy is critical to our very life on this earth.
Notas do Editor
- A new approach to the Blue Economy is needed. Facilitating and driving forward a much more responsible, sustainable investment in the Blue Economy to deliver help to SDGs – a new partnership between investors and governments with the support of stakeholders This is what the paper that Chris Tomkins and I wrote advocating a process based around a Blue Economy Investment Facility
- We need to ensure that these projects are inline with the SDGs The Addis Ababa Action Agenda advocated the development of a set of global principles. This has not happen but UNECE are looking at principles for PPPs. For new projects these Principles will help guide them. In addition the UN has worked with the Investment community and developed the Principles for Responsible Investment and only a few weeks ago WWF with others put on the table some suggested principles for investment in the Blue Economy. These three should guide any Blue Economy Investment Facility.
- Blue Economy Investment Facility We already know that Investors will require that Blue Economy projects should be economic, transparent and have a meaningful impact. As should all of us. The Blue Economy approach needs to reflect one of the critical elements of the SDGs and that is the interlinked approach reflecting the “Nexus” between relevant different goals and targets needs to be taken into consideration – a move away from a silo approach. Enhancing the opportunity to build a coherent set of Blue Economy policies and programmes We need projects to invest in the blue sectors that reflect true ecosystem valuations. Finally this needs to be long term investments.
- A Blue Economy Investment Facility can provide this integration and focus, accelerating investment. After all it will be private sector funding that will deliver much of the SDGs as it dwalfs public sector money. This can work with Expert/stakeholder driven feasibility assessments – as a basis for investment – stakeholder mapping and involvement and ownership by communities is critical. As well as stakeholders we need to map out the potential investment partners and shape projects working with both investor's and stakeholders to ensure the right result Longer term projects can see an acceptable rate of return for both investors and the governments. Any tendering must be in line with the SDGs and associate principles
- Fully Blue Proofing projects are needed to ensure genuine sustainability We need replicate able investment projects that can be scaled up around the world Turning Blue Economy alignment ‘agreements’ into a commercial tender process in a transparent and inclusive manor will be critical. Structure these will differ in different countries but they need to be undertaken with all relevant stakehodlers engaged throughout. The Kenyan government could be a pilot for this as it already has a Blue Economy Unit.