Multi Stakeholder Governance For Sustainable Ocean Environment

Author: Hiroshige Tanaka*

Published: March 07, 2023

DOI: 10.19080/OFOAJ.2023.16.555926

Abstract Content: Corporation Of The Marine Has Various Stakeholders Over Many Countries. Oceans Are Obliged To Govern Sustainable Global Commons. Corporations Must Improve Communication With Many Stakeholders To Achieve Sustainable Oceans. This Article Proposes A Sustainable Scheme Of Ocean Governance By Which Stakeholders Voluntarily Contribute Efforts To Communicate With Corporations. And Corporations Apply Incentive Schemes For Every Stakeholder. It Is Demonstrated That This Scheme Enhances Sustainability Of Oceans By Reducing Social Welfare Losses. The Following Two Points Are Argued. First, The Digital Industrial Revolution Grows Market Transactions And Reduces Overproduction Of Corporation. Second, Raising Standards And Enforcing Legislative Requirements For Corporations Improve Sustainability Of Oceans.