Seascape Assessment of Financial Flows and Key Financial Actors in the Baltic Ecoregion
December 2020 – The Baltic Sea region is positioned to become the world’s first truly sustainable blue economy. Many of the policies already in place hold great promise if implemented. We have the necessary know-how, technology and capital. Our population appears willing to invest in a healthy sea. However, to succeed, we need to move from rhetoric to action and use the tools at our disposal. We know that creating a sustainable Blue Economy can provide thousands of new jobs and billions in additional income and that citizens around the Baltic Sea are willing to make the necessary investment to restore the health of the Baltic Sea.
A critical step toward shifting the flows of finance to integrated seascape investments is to identify and characterize the most important financial flows within the seascape. It is important to map out the relevant actors, what they are financing, and the details of the financing arrangements, as well as the impacts of these flows on the key performance indicators that have been set by seascape stakeholders. With these insights gained, stakeholders and investors can develop ideas for how to influence key flows of finance and cultivate new flows that may better align with a sustainable blue economy. WWF BEP in 2021 will embark on just such a quest to answer the following two research questions:
- Do current Baltic seascape financial investments support ecosystem-based integrated ocean management and a sustainable blue economy?
- Do planned future (next 5 years) Baltic seascape financial investments support ecosystem-based integrated ocean management and a sustainable blue economy?
We are looking for a consultant or consortium of consultants to help us achieve the aims and objectives of the following study: Seascape Assessment of Financial Flows and Key Financial Actors in the Baltic Ecoregion, and their impact towards delivering the SDGs (7, 8, 9, 13, 14), 2030 European Green Deal (EGD) marine goals and HELCOM Baltic Sea Action Plan (BSAP).
The Study’s Terms of Reference cover expected deliverables. If interested send work plan, CVs, Organisations Bio, and work samples to Valerie de Liedekerke (Valerie.deLiedekerke@wwf.se)
Project Rationale: If environmental concerns are poorly addressed during the financing of maritime projects, it can be detrimental to the ocean ecology of the region. The impacts can have significant harmful environmental impact, including but not limited to water quality (discharge of harmful or toxic heavy metals), coastal hydrology (sea currents, tidal flows, sediment deposition etc.), sea bottom disturbance (churning of bottom sediments), marine and coastal ecology (direct wildlife habitat loss and fragmentation), noise induced physiological and behavioural changes in animals in addition to blocking of natural migratory routes of species; spread of invasive alien species; animal injury and mortality (e.g., collision with ship), increased coastal development, tourist pressures, pollution, and other various disturbances.
Given the potential detrimental impacts maritime sectors can have on the environment, it is essential to engage all possible influencing levers in adopting the Sustainable Blue Economy Finance principles when financing for example renewable energy, tourism, fisheries, shipping, coastal and port development projects. One of these important influencing levers are finance members. Financial Institutions can play a significant role in guiding maritime sectors to halt and reverse the decline of nature. However, to understand this leverage, it is important to understand the complex and diverse financial flows between Financial Institutions and these sectors.
Read the terms of reference
Read the full concept note