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Beyond GDP: National Accounting for the Ocean and Ocean Economy
All countries maintain accounts that tell a story about their economy. The most well-known feature of these national accounts is GDP - a single number that summarises the size of an economy represented by the total value of certain goods and services produced. However, such an approach often leaves important questions unanswered, i.e., “What parts of the economy rely on the ocean? Is growth of ocean industries making a country richer or poorer in the long term? How does the economy affect local communities and individuals? Is the economy damaging ocean ecosystems or improving their health for future generations?”.

This knowledge gap limits our ability to make effective and inclusive decisions about how we use the ocean and deliver on the 2030 Agenda for Sustainable Development. In a post COVID-19 world we have the opportunity to use the ocean and ocean accounting to lead the way in a new system of national statistics that is fit for purpose for today’s challenges and opportunities.

This webinar will launch the latest Blue Paper commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel), ‘National Accounting for the Ocean and Ocean Economy’. This paper highlights the opportunity for incorporating ocean accounts into national accounting frameworks and the data and technology already available at our fingertips to do so. This webinar will also feature the Global Ocean Accounts Partnership (GOAP), a global partnership designed to advance greater coordination and alignment between country efforts through a shared technical framework for ocean accounting and associated capacity building for countries looking to develop ocean accounts.

Participants:
Catherine Blewett, Government of Canada
Eli Fenichel, Yale School of the Environment
Glenn-Marie Lange, World Bank
Claire Jolly, OECD
Teerapong Praphotjanaporn, GOAP
David Obura, CORDIO East Africa
Eliza Northrop, WRI (Moderator)
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