Assessing the Financial Services Sector’s Leverage in Advancing a Sustainable Ocean Economy
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2025-06-06
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Prior research suggests that the global financial services sector could influence the sustainability of the ocean economy, particularly with better information on companies’ externalities (Barbier 2023; Sumaila et al. 2021; Jouffray et al. 2019). This brief summarizes preliminary, non-peer-reviewed findings from ongoing research that explores the potential influence of the financial sector on the sustainability of the ocean economy. It aims to contribute to and inform policy discussions emerging from the United Nations Oceans Conference in June 2025.
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Vegh, Tibor, Jean-Baptiste Jouffray, Jan Bebbington, Chris Hachtman, Suzanne Johnson, Dennis Fritsch, Melissa Walsh, John Virdin, et al. (2025). Assessing the Financial Services Sector’s Leverage in Advancing a Sustainable Ocean Economy. Retrieved from https://hdl.handle.net/10161/33033.
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Tibor Vegh
Tibor Vegh serves as a senior policy associate with the Nicholas Institute for Energy, Environment & Sustainability. He is an applied social scientist with a background in environmental planning and economics. Vegh’s applied and policy-relevant research centers on the resilience of coupled human and natural systems; the economic, social, and environmental implications within the context of coastal adaptation; and the reliance on natural systems to benefit communities in the face of uncertainty and environmental risks. Vegh is a lead or collaborator on a wide range of projects where he contributes his economic, financial, and policy analysis skills, as well as his understanding of environmental planning approaches to solve real-world problems.
Vegh’s most recent work focuses on the social and economic aspects of coastal and urban resilience and multidimensional adaptation to risks in coastal and ocean systems. He has also collaborated on projects spanning many other topics, including fisheries economics, plastics pollution mitigation, ecological restoration, ecosystem service markets, bioenergy, and more.
Vegh holds a PhD in city and regional planning with a focus on environmental planning from the University of North Carolina Chapel Hill. He earned his master's degree in forestry with a focus on economics from Northern Arizona University in 2011 and his bachelor's degree in economics with a minor in mathematics from North Carolina State University in 2008.
John Virdin
John Virdin has over twenty years’ experience in studying and advising government policies to regulate human use of the oceans, particularly marine conservation policies to reduce poverty throughout the tropics. His focus has been largely on managing fisheries for food and livelihoods, expanding to broader ocean-based economic development policies, coastal adaptation and more recently reducing ocean plastic pollution.
Virdin directs the Ocean Policy Program at the Nicholas Institute for Energy, Environment & Sustainability, aiming to connect Duke University’s science and ideas to help policymakers solve ocean sustainability problems. He has collaborated in this effort with the United Nations Food and Agriculture Organization and the United Nations Environment Program, as well as regional organizations such as the Abidjan Convention secretariat, the Organization of Eastern Caribbean States, the Sub-Regional Fisheries Commission of West Africa and the Parties to the Nauru Agreement for tuna fisheries management in the Western Pacific.
Virdin is an associate professor of the practice in marine science and conservation at Duke’s Nicholas School of the Environment. He co-created and teaches an introductory course for undergraduate students to understand the role of ocean policy in helping solve many of society’s most pressing development challenges on land.
Prior to coming to Duke in early 2015, he worked for 12 years at the World Bank, where his work led to the development of programs that provided more than $125 million in funding for improved fisheries management in six West African states and some $40 million for fisheries and ocean conservation in a number of Pacific Island states.
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