Sustainable development is a global issue that directly impacts social progress and human well-being. In the context of intensifying climate change, exacerbated by pollution and other development activities, both biodiversity and livelihoods are exposed to increasing risks. The transformation of marine economic sectors towards an SBE is imperative, as these sectors can pose threats to the ocean if their practices are not properly regulated or sustainably managed. Conversely, they can be part of the solution to address climate change and biodiversity loss if strategic policies are implemented.
As a major maritime nation, China’s ocean economy holds a significant position in the national economy; however, the traditional development model can no longer meet the demands of the new era. It is now imperative to promote necessary policy reforms and accelerate sustainable ocean management. Accelerating the establishment of an SBE system is crucial for promoting high-quality economic development, safeguarding national maritime interests, and achieving harmonious coexistence between humanity and nature.
Contributing to the Special Policy Study (SPS) for the China Council for International Cooperation on Environment and Development (CClCED), this report explores how ocean accounting and blue finance can enable China’s sustainable blue transition.
Providing strategic insights into aligning marine economic development with carbon neutrality goals while safeguarding ecosystems, this report was jointly led by AVPN and Friends of Ocean Action, which co-lead Task Team 1 of the ocean SPS with substantial contributions from experts across multiple organizations.
