Did you know that Australia recently signed the Pledge to Advance Ocean Accounts by 2030?
The Pledge is a voluntary international initiative led by Costa Rica. It is open to countries and organisations that want to work together to strengthen the role of ocean accounting in governance.
The Pledge provides a commitment for countries and organisations that want to advance ocean accounts, at their own pace, in ways that align with national priorities.
It does not impose specific requirements, but instead offers a flexible framework to:
- highlight national ambitions in ocean data and governance
- join a recognised global coalition
- attract visibility and support for national implementation efforts
- access peer learning, technical partnerships and funding pathways.
Why ocean accounts?
Ocean health is in decline while at the same time demands on marine ecosystems are increasing. Countries need better information systems that recognise the interconnections between nature and the economy in order to manage ocean use, protect biodiversity and address climate impacts.
Ocean accounts bring together environmental, social, and economic data to support:
- marine spatial planning and coastal resilience
- sustainable finance and climate reporting
- national planning and global goal tracking, such as working toward the sustainable development goals or meeting the objectives of the global biodiversity framework.
By developing ocean accounts, countries gain the tools needed to balance development and conservation while fulfilling their international obligations.
IDEEA Group’s expertise in ocean accounts
Did you know that the IDEEA Group team are experts in producing ocean accounts? We’ve worked on ocean accounting projects in Australia and around the world. Have a browse through our oceans work here, or contact us to talk about ocean accounting in your context.