Latest content: Oceans and natural resources

In the ongoing fight against poverty and inequality, globalization and sustained economic growth are perceived as key to ending global poverty and achieving the Sustainable Development Goals (SDGs).

Decommissioning is the final stage of an oil or gas project. At the end of a field’s life, when production has ceased, decommissioning is the process whereby the hydrocarbon reservoirs are isolated and associated infrastructure is removed and disposed of, so that the producing area is left in a safe and environmentally acceptable condition. Decommissioning is a long, costly and complex process, requiring co-operation by the key stakeholders to manage technical, economic, operational, social and environment issues.

Drawing from a wide range of resources on ocean climate finance, this guide is intended to support practitioners, policy-makers and ocean advocates to understand the ‘seascape’ of ocean climate finance, and empower them to design and develop more successful ocean climate finance applications. It introduces the special characteristics of ocean-based mitigation and adaptation projects, explains the different sources and types of finance available, and equips readers with a practical understanding of the priorities of different funding groups from both the public and private sectors.

Developing a petroleum field requires the safe and efficient execution of extremely complex, technical, risky, multi-billion-dollar projects. The Field Development Plan (FDP) is the company’s proposal for how it intends to develop a field and manage the associated risks. It is the outcome of a lengthy multi-disciplinary process and is submitted to the government for approval.

The Commonwealth Blue Charter is an agreement by Commonwealth countries to actively co-operate in addressing the myriad of ocean-related issues and commitments that they face.

Nature-based solutions (NbS) have gained momentum over recent years, as a cost-effective way to deliver climate change goals, while simultaneously tackling biodiversity loss and land degradation.

The world is not currently on course to limit global warming to 1.5 degrees Celsius. Carbon dioxide emissions are increasing, emissions targets in countries’ Nationally Determined Contributions are not ambitious enough, and oil and natural gas production are expected to increase given current policies. A lack of investment in the low-carbon economic transition partly explains this limited progress towards the Paris Agreement’s goals.