Dr Hilmi has contributed to Assessing Progress on Ocean and Climate Action: 2020-2021 A Report of the Roadmap to Oceans and Climate Action (ROCA) Initiative.
Following in the footsteps of three previous Roadmap to Oceans and Climate Action (ROCA) reports, the 2020-2021 report is the final ROCA report in the series. The report provides an update on recent initiatives, while taking stock of the progress in implementing the ocean and climate agenda at UNFCCC, in other global policy processes, as well as regionally and nationally. The report also seeks to make recommendations for future action where possible
This series of reports, Assessing Progress on Ocean and Climate Action, are the only publications of their kind. Since 2016 they have provided technical insight and information on each of the six areas addressed by the ROCA initiative. Among other things, the reports highlight major developments in ocean and climate action and scan the horizon for new and emerging areas that need to be considered if we are to manage ocean-based issues and their solutions towards the achievement of the Paris Agreement targets.
The blue economy has come to signify international interest in the growth of ocean-based economic development in a manner that is both environmentally sustainable and socially equitable. However, the meaning of these terms, and the manner in which they are applied, are still open to interpretation. There are numerous policies, strategies and initiatives supported by multilateral, bilateral and private sector actors working to transition into a low-carbon blue economy around the world. Some are already being implemented while others are just in the formative stages. Two of the most significant emerging factors in the low carbon blue economy are the dramatic increase in climate related finance being directed toward the blue economy, and the emergence of innovative approaches to climate change mitigation and adaptation. Although climate finance in the blue economy has increased significantly in recent years, much more will be required in the future. Going forward, there is a need to promote new financial instruments (such as blue bonds), provide technical assistance to governments, further engage the private sector, and set up “mini-grids” powered by solar photovoltaic panels and solar platforms.
Dr Nathalie Hilmi