The Road to the SDGs

PURPOSE X 90% of the world’s trade is carried by sea, the latter being a cornerstone of the global economy, contributing around US$ 2.5 trillion. X Maritime habitats provide a range of commodities that are essential to human life, including fish, hydrocarbons and minerals. X The facts relating to the maritime dependence of IsDB’s MCs are compelling: – Of all IsDB’s MCs, 85% are coastal states – All MCs have communities along rivers and lakes – Aquaculture is the fastest-growing segment of the food industry – The ocean’s contribution to the global economy is approximately US$ 2.5 trillion – 90% of global fisheries are at or beyond replenishment capacity – The global seafood industry generates 350 million jobs, 10–12% of global employment – One billion people rely on fish as the primary source of protein in their diet and 3.2 billion people rely on fish for at least 20% of their animal protein consumption – Shipping carries 90% of global trade. X The maritime sector faces mounting problems, which present pressing issues for many MCs, 85% of which have coasts on the ocean or inland seas: – Climate change is undermining ocean health – Many ecosystems are experiencing impacts from rising ocean temperatures – Ocean acidification and ocean plastic are of major concern. X In the context of the increasing level of crisis these countries are likely to encounter or may already face, IsDB is exploring the maritime investment market, with the goal of establishing a Maritime Investment Fund. X Any Maritime Investment Initiative (MII) supported by IsDB would have the potential to meet identified needs among those MCs located in coastal zones that are affected by exposure to adverse impacts. X While maritime industries remain undercapitalised due to risks perceived by commercial investors and the lack of targeted financial instruments, an MII could provide an opportunity for IsDB to provide leadership for new investors in the sector. Maritime Investment Initiative and the blue economy I sDB is utilising maritime investment and the blue economy to leverage the potential of oceans in sustainable development practices IsDB is planning and providing a wide range of activities to create an enabling environment for Maritime Investment Initiative and the development of the blue economy [ 86 ] SDGs