The Blue Economy is a key source of sustainable income and employment in Small Island Developing States (SIDS) and a strong contributor to climate adaptation and resilience (e.g., healthy coral reefs protect against climate hazards by reducing the intensity of waves by upwards of 97%). Marine Spatial Planning can help mainstream solutions such as extending Marine Protected Areas to include carbon-storing habitats and protecting or restoring native species that sequester carbon. This 45-min High-Level Panel of International Blue Economy Leaders will highlight the importance of the Blue Economy in strengthening climate adaptation and resilience while ensuring sustainable income and food security in SIDS, and will make the case for integrating the Blue Economy in the next round of Nationally Determined Contributions (NDC) revisions. It will also highlight the relevance of adopting a regional approach to address public goods and improve the coordination of policies and strategies to support the Blue Economy and create economies of scale for private investment. COP27 brings together SIDS representatives, the donor community, and the private sector. This High-Level Panel will bring together SIDS representatives from the Eastern Caribbean, Maldives and Palau providing an opportunity to discuss collective responsibility for ensuring the health and sustainability of the world’s oceans, and their vital role in future NDCs. Learn more: [ Ссылка ]

00:00 Welcome! COP27 | The Blue Economy and Climate Resilience
03:29 The Caribbean and the blue economy
05:51 The Maldives and the blue economy
08:11 Negotiations in the increase of temperature
10:47 Building resilience in Eastern Caribbean
13:33 Marine spatial planning
15:51 The role of technology in the risk management space
18:51 Data for decision-making
22:07 Information and asymmetries
25:47 Access to climate finance for small islands
33:26 Closing remarks and stories from the ground

WORLD BANK GROUP AT COP27 | LIVE FROM SHARM EL SHEIKH, EGYPT | NOVEMBER 6–18, 2022
The United Nations Climate Change Conference is expected to focus on the need to implement climate pledges, scale up climate finance, and address the adaptation needs of developing countries. COP27 will bring together leaders and national delegations, representatives from businesses, multilateral institutions, civil society and youth. Follow a series of high-level conversations live from the World Bank Group pavilion at the 27th United Nations Climate Change Conference in Sharm El Sheikh. Join us! #ClimateActionWBG

ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. [ Ссылка ]

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