Proceedings of the workshop on Filling the Pipeline: A Sustainable Ocean Investment Ecosystem for the Seas of East Asia (EASC2018 Session 6 Workshop 2)
PUBLICATION DATE:
Friday, November 30, 2018
PUBLICATION TYPE:
Meeting Documents
STATUS:
Only Available Online
DESCRIPTION:
The need for significantly increased investment to achieve the targets under the UN Sustainable Development Goals (SDGs) is well understood. UNDP cites a USD2.5 trillion gap in investments required to meet the SDGs, and it’s not likely that all of this financing will come from government and donor support. By catalyzing private sector investment, there is an opportunity to redirect billions of dollars of capital away from unsustainable investment towards sustainable, blue economy investments in the region.
To address this need and opportunity, a number of new funds have emerged to focus on investing in sustainable development of oceans, in areas including fisheries, marine pollution and coastal tourism. However, funds face challenges in sourcing investment projects that can support the SDGs while offering viable investment models. Local governments look to engage in the investment conversation, but may not know where to start. At the same time, donor support has a role to play in developing new models and approaches that can lower risks and catalyze the flow of private capital to investments that can have an impact at the local level.
This session was designed to introduce the emerging investment ecosystem for the Seas of East Asia, including lessons learned for sourcing and developing investments that address critical ocean challenges, such as ocean plastics, wastewater, sustainable aquaculture, marine conservation, and more. Building on the regional Strategic Action Programme (SAP) coordinated by PEMSEA, which brings together donors, technical partners and the private sector, this new investment ecosystem can catalyze both public and private financing, building a pipeline of investment opportunities supporting SDG 14 and unlocking the ocean investment potential in region.
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Proceedings of the Thirty-fourth Expanded East Asian Seas Executive Committee Meeting
The Expanded East Asian Seas (EAS) Executive Committee convened its 34th Executive Committee Meeting on 21 October 2025 online via Zoom. The meeting was attended by EAS Partnership Council Chair Attorney Jonas Leones; Intergovernmental Session Chair Mr. Le Dai Thang; Intergovernmental Session Co-Chair Dr. Xinwei Yu; Technical Session Chair Dr. Suk-Jae Kwon; and Technical Session Co-Chair Dr. Wakita Kazumi. The PEMSEA Resource Facility (PRF), led by Executive Director (ED) Ms. Aimee T. Gonzales, served as Secretariat to the meeting. PEMSEA Country Partners in attendance included national focal points and representatives from Cambodia, China, Indonesia, Japan, Lao PDR, the Philippines, the Republic of Korea, Singapore, Timor-Leste, and Viet Nam. Non-Country Partners present included representatives from the ASEAN Centre for Biodiversity, Ipieca GISEA, Oil Spill Response Limited, National Marine Hazard Mitigation Service, International Center for Environmental Management of Enclosed Coastal Seas (EMECS), PEMSEA Network of Local Governments, and Korea Institute of Ocean Science & Technology, among others. Online observers included staff from the PEMSEA Resource Facility and UNDP.
History of Timor Leste's engagement in PEMSEA
Since joining PEMSEA in 2006 through the signing of the Haikou Partnership Agreement, Timor-Leste has made remarkable progress in advancing sustainable coastal and ocean governance under the Sustainable Development Strategy for the Seas of East Asia (SDS-SEA). Over the years, the country has implemented Integrated Coastal Management (ICM) programs in key municipalities, developed national ocean and coastal policies, and strengthened inter-agency collaboration for marine protection and livelihood enhancement. Through its participation in regional initiatives such as ATSEA and the Marine Plastics ODA Project, Timor-Leste continues to demonstrate strong commitment to ecosystem-based management, blue economy development, and regional cooperation for healthy and resilient seas.
History of Viet Nam's engagement in PEMSEA
Since 1993, Viet Nam has been an active partner in advancing sustainable coastal and ocean governance in the East Asian Seas through PEMSEA. From pioneering Integrated Coastal Management (ICM) in Da Nang to establishing the Viet Nam Administration of Seas and Islands (VASI), the country has institutionalized ICM in national policy and legislation while fostering regional cooperation through leadership roles in PEMSEA bodies and ministerial forums. Viet Nam’s consistent participation in key initiatives and adoption of major regional declarations underscore its strong commitment to blue economy development, marine ecosystem protection, and the long-term implementation of the Sustainable Development Strategy for the Seas of East Asia (SDS-SEA).
History of DPR Korea's Engagement in PEMSEA
Since joining the regional GEF/UNDP/IMO Marine Pollution Prevention in the East Asian Seas (MPP-EAS) project, the DPR Korea has actively advanced Integrated Coastal Management (ICM) through the establishment of the Nampho demonstration site and the National ICM Training Center at Kim Il Sung University. The country has consistently participated in key regional forums, including the East Asian Seas Congresses and Ministerial Forums, adopting major regional declarations and frameworks such as the SDS-SEA and Manila Declaration. Its engagement reflects a sustained commitment to regional cooperation, marine pollution prevention, and sustainable coastal development under PEMSEA.
History of China's Engagement in PEMSEA
Since 1993, China has played a leading role in advancing regional ocean governance and Integrated Coastal Management (ICM) through PEMSEA. From pioneering the first ICM demonstration site in Xiamen to hosting key regional forums and declarations, China has continuously championed sustainable coastal development and blue economy initiatives. Its long-standing commitment under the Sustainable Development Strategy for the Seas of East Asia (SDS-SEA) reflects its vision for a healthy, resilient, and sustainably managed ocean region.