Global Dialogue on Ocean Accounting and First Annual Meeting of the Global Ocean Accounts Partnership

These events, co-hosted by the University of New South Wales (UNSW) and ESCAP with support from the World Bank Blue Economy Program, brought together 100 participants from 26 countries, including representatives from 18 governments, to share experiences and lessons learned about ocean accounting and discuss options and opportunities for mainstreaming ocean accounting into relevant policy and governance processes.

An underlying message was the need for collaborative efforts to ensure that the values and benefits of oceans are recognized and accounted for, in all relevant policies and decision-making about social and economic development. 5 ESCAP pilots (China, Malaysia, Samoa, Thailand and Viet Nam) and 2 non-ESCAP pilots (Canada, Southern NSW) presented results of their work and issues for consideration. The link between ocean accounts and ocean economy was discussed. The participants agreed on a workplan for finalizing the Global Ocean Accounts Partnership Technical Guidance on Ocean Accounting, including detailed discussion of issues regarding data, classification and methods. A public zero-draft will be released in December 2019.

The second Annual Meeting of the Global Ocean Accounts Partnership will be hosted by Fishery and Oceans Canada and Statistics Canada in Ottawa in October 2020, and will be co-chaired by ESCAP.