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Catalysing Ocean Finance: The GloBallast Case Study

Catalysing Ocean Finance: The GloBallast Case Study. Andrew Hudson Head, UNDP Water & Ocean Governance Pgm & Principal Technical Advisor, Int’l Waters, UNDP-GEF. Catalysing Ocean Finance – Key Messages.

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Catalysing Ocean Finance: The GloBallast Case Study

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  1. Catalysing Ocean Finance:The GloBallastCase Study Andrew Hudson Head, UNDP Water & Ocean Governance Pgm& Principal Technical Advisor, Int’l Waters, UNDP-GEF

  2. Catalysing Ocean Finance – Key Messages Most ocean threats – hypoxia, acidification, habitat loss, ocean warming, invasive aquatic species – accelerating All are due to policy & market failures; for ship invasives is lack of internalizing cost of ‘clean’ ballast water in ship operations Suite of (3) methodologies have proven effective at achieving local, national, regional and global ocean governance reforms Modest sums public finance (GEF$) can create enabling policy environment which can catalyse sizeable sums public & private finance and transform entire ocean sectors towards sustainability Opportunity in late 1990’s to build on and strengthen international efforts on ballast water already underway through IMO

  3. Catalysing Ocean Finance Case Studies

  4. Generic Approach to building on global and regional legal frameworks

  5. GloBallast Project Strategy

  6. GloBallast – Catalysing a Global Convention on Ship Ballast Water

  7. New opportunities to further catalyse shipping sector transformation towards sustainability

  8. Shipping energy efficiency standards Approach • Tools, methodologies, standards, guidelines to promote uptake IMO EE guidelines • Ship Management Plans (SEEMP) • Ship Design Standards (EEDI) • Facilitate PS R&D Costs/Benefits/Catalysis • Public Cost: $10-20 million • Benefits and avoided costs: • Climate impacts $19 billion/yr (2050) • Fuel savings $90-$310/billion/yr (2030) • Catalysed Finance: many billions $

  9. Ship Hull Fouling – Invasive Species Vector Approach • Support convention negotiations & enhanced nat’l/reg’l implementation capacity • Tools, methodologies, standards, guidelines • Facilitate private sector technology R&D Costs/Benefits/Catalysis • Public costs: $10 million • Benefits/avoided costs: $10-90 billion/yr • Catalysed Finance: $10-30 billion?

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