Sweden pledges extra $19m in Loss and Damage Fund
Sweden pledges additional $19 million to the Loss and Damage Fund at the 29th United ...
UNDP’s Ocean Innovation Challenge to accelerate SDG 14
The United Nations Development Program (UNDP) launched Ocean Innovation Challenge (OIC) within the framework of its painstaking efforts to accelerate progress on Sustainable Development Goal 14 on Life Below Water.
The OIC seeks innovations that are transferable, replicable and scalable. The Challenge grants range from $50,000 to $250,000.
The momentum on ocean protection and restoration has rapidly accelerated particularly since the 2017 Ocean Conference. However, a number of the SDG 14- Life Below Water targets still lag behind. Between overfishing, pollution, habitat loss and the multiple impacts of climate change on ocean ecosystems, the ocean has never faced such a diverse range of threats.
Recognizing the increasing urgency of tackling ocean pollution, particularly from plastics and nutrients, the first of several planned OICs focuses on SDG 14.1- Reduce Marine Pollution.
“At a time when the world’s oceans and seas face unprecedented pressures, UNDP’s new Ocean Innovation Challenge will shine a light on innovative, entrepreneurial and creative approaches that can advance ocean and coastal restoration and protection,” says Achim Steiner, UNDP Administrator.
“Supporting the blue economy in this way can help us achieve SDG 14— while spurring economic development and helping to reduce poverty and inequality.”
From fisheries to aquaculture to industrial agriculture, the ‘business as usual’ scenario will not deliver the kinds of transformational change needed to move towards truly sustainable ocean use.
“With four of SDG14’s ten targets maturing in 2020, we have a critical year ahead for the well-being of the Ocean. Thus the UN Ocean Conference, to be held 2-6 June 2020 in Lisbon, will have special importance in supporting the implementation of SDG14,” says Peter Thomson, UN Secretary General’s Special Envoy on Oceans.
“To achieve SDG14, we must break new ground with innovative technologies, policies, regulations and financial instruments. In this regard, the new UNDP Ocean Innovation Challenge is a most welcome addition to the growing number of ocean incubators and accelerators.”
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