KEY TOPIC

MANAGING AND REDUCING OCEAN RISK

The consequences of ocean change need to be traced through the hazards they produce – for example, flooding – and then into an actual risk they present to people and their environment. The potential impact of specific risks depends on the extent of exposure and vulnerability to hazard. This is ocean risk. It may be managed or reduced by pre-emptive action.

There needs to be a multi-sectoral approach to managing and reducing ocean risk. Priorities include:

  • Better recognition that ocean change will result in high to very high impacts on ecosystems and coastal services globally by 2100
  • A joined-up global policy action to protect the ocean
  • Comprehensive protection and management of the areas of the ocean beyond national jurisdiction
  • An updated assessment of the risks to humanity and ecosystems from ocean change
  • A new economic analysis of the impacts of ocean change
  • Closing current knowledge gaps in scientific understanding about ocean change and its implications

At the same time, we need more information so that ocean risk can be defined and quantified. Increased knowledge will help societies develop effective mitigation and adaptation strategies, as well as shape a more sustainable future for the ocean itself.

OUR CHANGING OCEAN

The ocean is changing faster than at any time in the past 65 million years,the implications of which pose a threat to economies, cultures, societies and our environment. Understanding the impacts of ocean change provides the impetus behind the Ocean Risk Summit.

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BUILDING OCEAN RESILIENCE

The ocean’s value to all life on earth and its potential to drive sustainable economic growth and employment are being jeopardised because of ocean risk. Governments, policy makers and other stakeholders can act to build ocean resilience, using new approaches and technologies to help build resilient societies and nurture sustainable development.

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APPLIED SOLUTIONS

Managing ocean risk needs to be undertaken through a multi-sectoral approach. Alongside identifying financial instruments which will drive the mitigation of ocean risk, technological advances in collecting ocean data now make the assessment and management of ocean risk feasible providing the opportunity to develop innovative and scalable solutions.

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