The events arm of the foremost international socio-economics news magazine, The Economist, will host the fourth World Ocean Summit in Bali, Indonesia from Feb. 22-24 and will bring a critical eye to the vital issue of how to finance a sustainable ocean economy. Taking place at the Sofitel Bali Nusa Dua Beach Resort, the aim of the summit is ambitious: to mobilise a new discussion on how capital and the private sector can drive scalable, sustainable investment in the ocean.
More than 60 leaders are scheduled to speak including Karmenu Vella, commissioner for environment, maritime affairs and fisheries, European Commission; Erik Solheim, executive director, United Nations Environment Programme; Michael Eckhart, managing director and head of environmental finance, power, Citigroup; Boyan Slat, founder and CEO, The Ocean Cleanup; Adrian Grenier, filmmaker, entrepreneur and social good advocate.
“A new wave of economic activity is underway in the ocean, even as we continue to use the seas unsustainably," says Charles Goddard, executive director of the World Ocean Summit. "By bringing together business, government and the wider ocean community, we hope to map a path for better aligning the growing marine economy with the long-term health of the ocean."
The summit will bring together more than 300 individuals from 58 countries including ministers from key ocean states, investors, global business leaders, the next generation of ocean advocates, multilateral organisations and the scientific community for a constructive and solution-focused dialogue on how the blue economy is to be financed.