Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks

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dc.creatorSchutter, Marleen
dc.creatorCisneros-Montemayor, Andrés
dc.creatorVoyer, Michelle
dc.creatorAllison, Edward (Eddie)
dc.creatorDomarchuck-White, Calvin
dc.creatorBenzaken, Dominique
dc.creatorMohammed, Essam Yassin
dc.date2024-04-19
dc.date2025-01-28T05:34:15Z
dc.date2025-01-28T05:34:15Z
dc.date.accessioned2026-06-27T18:47:38Z
dc.descriptionThe blue economy provides a sustainability framework for ocean governance, but it is unclear whether narratives are matched by binding financial commitments and disbursements. Amid attention being paid to “funding gaps” in the Sustainable Development Goals, a lack of transparency in financial flows means that the blue economy concept risks being co-opted to facilitate further exploitation of ocean spaces and resources without contributing to environmental sustainability or social equity. Here, we analyze blue-economy-labeled money flows disbursed between 2017 and 2021 to identify sources and recipients and potential social equity impacts on the ground. Financing is predominantly disbursed to Europe and Central Asia and skewed toward business development and renewable energy. Our analysis reveals widespread occurrence of “red flags” for social equity outcomes. Although constrained to money flows that actively employ blue economy language, our findings show disconnects between finance and narratives of equity, inclusion, and sustainability. We offer a baseline for critical examination of blue finance flows in delivering equity and environmental sustainability.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/170154
dc.identifier.urihttp://hdl.handle.net/123456789/164590
dc.languageen
dc.publisherCell Press
dc.rightsOpen Access
dc.sourceMarleen Schutter, Andrés Cisneros-Montemayor, Michelle Voyer, Edward (Eddie) Allison, Calvin Domarchuck-White, Dominique Benzaken, Essam Yassin Mohammed. (19/4/2024). Mapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks. One Earth, 7 (4), pp. 638-649.
dc.subjectfisheries
dc.subjectsdgs
dc.subjectfish
dc.subjectblue growth
dc.subjectocean economy
dc.subjectocean finance
dc.subjectblue investment
dc.subjectfunding gap
dc.subjectimpact investment
dc.titleMapping flows of blue economy finance: Ambitious narratives, opaque actions, and social equity risks
dc.typeJournal Article

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