Building International Consensus for the Value of the Oceans
The Korea Maritime Institute supports the 2015 Symposium at Asilomar Conference Grounds
The Korea Maritime Institute (KMI) recently donated $10,000 toward the “Oceans in National Income Accounts Symposium,” to be held October 25-29, 2015 at Asilomar Conference grounds. The Center's relationship with KMI began when we hosted two visiting scholars from the organization, Dr. Kwang Seo Park and Dr. Hee Jung Choi in 2013-2014. Dr. Park's research culminated in a working paper entitled: "A Study on Rebuilding the Classification System of the Ocean Economy," which aimed to provide concrete practical proposals for the definition, classification standard, and scope of the ocean economy across the international community. In October of 2014, Dr. Judith Kildow, Director of the National Ocean Economics Program, visited Korea as an invited speaker at the Yeosu Ocean Forum, a Celebration of the 2nd Anniversary of the World Expo on the Oceans held in Yeosu, Korea. The purpose of the meeting was to announce the results of the Korean efforts to make their coasts and coastal oceans more sustainable, goals first laid out at the World Expo in 2012. During that trip, Dr. Kildow met with the president and representatives of the Korea Maritime Institute, and outlined the details of a Memorandum of Understanding (MOU). As a direct result of the MOU discussions, KMI is now collaborating on the symposium including this generous gift. The CBE/MIIS and KMI plan to have a joint signing ceremony during the symposium for future collaboration between the two institutions.
Background on the symposium:
More than 20 nations have created ocean economy accounts, mostly in Europe, Asia, and North America. The CBE in collaboration with China, Korea, and other nations, intends to build an alliance of coastal nations (encouraging participation from Africa, Latin America, and the small islands of the Pacific) to clearly define the parameters and methodologies for measuring the ocean and coastal economies.
The goal is to build international consensus and create a uniform and standardized set of measurements for the ocean and coastal economies around the world. To that end, the CBE will host the “Oceans in National Income Accounts Symposium,” October 25-29, 2015, with the aim of drafting a document outlining areas of agreement and those issues that need further work, which will be discussed at next year’s meeting hosted by one of the attending nations. The hope is to one day estimate a Global Ocean Product that demonstrates the value and importance of the oceans to the entire world economy.
The Loker Foundation, the Ocean Foundation, the Gordon and Betty Moore Foundation, the Korea Maritime Institute, the Chinese National Marine Data Center, and Partnerships in Environmental Management for the Seas of East Asia (PEMSEA) are sponsors of the event and have given generously in support of the symposium. About a dozen national representatives, including those from the US, will attend the meeting at our invitation.