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Tracking International Aid Projects for Ocean Conservation and Climate Action

Author

Listed:
  • Shiiba, Nagisa

    (Asian Development Bank Institute)

  • Maekawa, Miko

    (Asian Development Bank Institute)

  • Vegh, Tibor

    (Asian Development Bank Institute)

  • Virdin, John

    (Asian Development Bank Institute)

Abstract
Ocean conservation and sustainable use cannot be pursued or achieved without consideration of the planetary impacts of climate change, and particularly the role of the oceans in both mitigation and adaptation. For this reason, the international community has increasingly committed to providing aid to help finance public goods for ocean conservation and climate action. Although many organizations have set up mechanisms to track both aid and climate finance, such trackers are usually not focused on financial flows related to ocean conservation and climate action. In the absence of such coordinated tracking and monitoring of aid, policy makers cannot assess the attention or priority of international funding mechanisms on oceans and ocean-related climate issues. As such, we aim to contribute to efforts to track aid for ocean conservation and climate action by providing a comprehensive baseline of international flows, by relevant global goal and target. We will build upon recent efforts that have established a baseline for international institutions operating at the global level. According to the data collected, we estimate that the cumulative public financing for ocean conservation and climate action grew from $579 million in 2013 to over $3.5 billion in 2019.

Suggested Citation

  • Shiiba, Nagisa & Maekawa, Miko & Vegh, Tibor & Virdin, John, 2022. "Tracking International Aid Projects for Ocean Conservation and Climate Action," ADBI Working Papers 1308, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:1308
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    ocean financing; sustainability and climate change; international aid;
    All these keywords.

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • H84 - Public Economics - - Miscellaneous Issues - - - Disaster Aid
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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