 I was asked to do the second prioritization of the new economy and I thought this is clearly just a way of finding out what the Germans are doing and I mean what the economy is so I thought I was done maybe with this. And so I went for it. As I said, actually I am specifically owned by the German state and the advice and the general ministry of economic cooperation and development on the definitions and also implemented projects around the world and a lot of trade talks to keep people working for the organization so if you've met somebody from somewhere, just on a coincidence. Yes, Germany is not famous for its extensive rules line but two thirds of our partner countries in the cooperation and development world are also countries for islands so the new economy is really high on the priority list there. And then in the future it's acrobatics so we're only talking about fissures now and acrobatics of course. So far from our perspective the new economy really means it's an opportunity, it's a chance. It's a very innovative job. It's really, yeah, it's an opportunity. SCG 14 is an opportunity for us to reach SCG 1 and SCG 2 so it's really about poverty reduction and it's about securing food for the people. So when you go to a presentation these next few days and you have the SCG 14 and it's not linked to SCG 1 and SCG 2 I will get out and complain. So it's really, this makes the chance really important and maybe I was going to talk to policy makers that seems really the same now, which has to be made often. And yes, so as a fissurist, I can imagine that of course the value change is that the different sectors we're looking at and then we have a particular focus on everything that countries and food security is the job. So I focus very much on the outcome of it, no, jobs, food, that's what we want. Of course we need the ecological basis for it but then it's also about the process of how to get there. It's not only about what can we reach but also how do we get there and this process focus. And then this process is particularly important for us and the moment is a focus on the world of our groups. This may be not a surprise for you, for example, gender issues and the value change but then also we have a big priority on working conditions and social material. This is an area where we have to be cooperating with GSSI and the Royal Tourism Council. And then also I need the officials, we need a fishing and the issue of subsidies. So these are some ways of how can we get to this desired outcomes. I envision this as some circles which align with each other so we have the outcomes of the process of getting there and then around this process is how do we get to these processes. And that's really about working together on different levels on the products of stakeholders in the countries but also on the higher policy level and then also we have different methods so this multi-level, multi-level agreement. And then we have these three centric circles there's another circle around and there are people talking around these three circles inside and I think that's what we're doing today and tomorrow talking about issues and hopefully the sort of model is of any use what happens in the other circle also with some effect on the other circles. So I hope very much that this is not just talking about issues we're already concerned about and also some effect on them in the long term. Yes, and maybe just to answer I'm really here to go to the next stage just to learn about what I'm hopefully doing to get some updates on the Hong Kong project particularly the Thomas project was also on the other side I think such a thing. And maybe there's a game changer somewhere some great ideas I just transitioned from science to this policy area and I was told nobody in the policy area really I talked about what we're doing and obviously there's a lot of interest really on different levels in the policy area and quite really good ideas which also can be applied and which I wanted to manage so if you have a really good idea I'm so excited to hear any things. Great, thank you. I'm involved in feasible carbonization but I'm also of small scale fishing myself so that's what I do for a living. So I'm one of the first people but the impression I have of the group climbing at this time and I have a very deep sense that the group climbing at this time is a serious threat to small scale fisheries and it's just coming to me from the conference in Kenya in November where I saw a very focused effort to influence political will away from small scale fisheries so that is the current impression. What I think the economy should be is I think the economy should be fishers including other sectors and not the other way around. We see fishing as an Asian profession and as such when we introduce new business there should be no negative impact to the fisheries sector that's the first point I really want to bring across. And what is this meeting all for that? I think we can focus some attention on the issues of how do we improve fisheries to support the realization of the SDGs not just SD14B we have many other SDGs that are directly impacted by fisheries particularly small scale fisheries which account for as it was noted over 300 million people and SDGs are our people. So we want to see some focus in that area improving fisheries to the realization to promote the realization of the SDGs and particularly small scale fisheries and of course we'd love to have the opportunity to collaborate with some of you to forge new partnerships and to strengthen the partnership that we already have. Thank you. And I've seen remote coastal communities really going quite far in the direction of local governments demonstrating willingness and abilities to manage their fisheries, their coral reefs their mangroves. We've been supporting Verna Drieger which is a Manus express locally managed marine area and just right now they've just launched a fisheries improvement project which engages local officials, government, local businesses, secret exporters and places community governments right at the heart of their missions while also trying to build equity and supply chain bringing more revenue that rewards the management efforts. So the Verna Drieger Management Association probably spends more time now talking about business and about how they're going to support sustainable aquaculture and how they engage with secret exporters then they actually go about talking about the rules the governments where they're going to put their tables on and things like that. But that makes total sense to me people in that area are less than two dollars a day almost entirely from fishing and yet by focusing on economic activities that bring tangible benefits in the short term they've been able to put in place pre-ambitious resource management measures including notations, most seasons, peer restrictions and the example they've set the national level is now to be really important there's now been a hundred local marine areas around the coast which will take example from these sites and shared experiences and through a network there are hundreds of thousands of coastal communities they're starting to have a voice at the national level in policy and gain an influence. So for us the inclusive blue economy is one that recognises, enables and rewards these collaborative efforts at the local level and creates a space for discussion and dialogue but while it's putting the needs of the most vulnerable at the forefront because they have the most to lose but also they have a critical interest in securing those resources for future generations so again, we often call these communities small-scale fishers but as we've been hearing already the sector is not at all small it's huge, it engages for centres of millions of people around the world and the sector is often overlooked by policy makers, dialogue practitioners over the years but in this context the top-down approaches are not they're often the same they're not quite working when you get out in the field and you talk to people it's leaving resources prone to exploitation and what we really need is this bottom-up process that we've been witnessing in Madagascar and some happening in other countries as well through local initiatives to empower the people who really depend day-to-day on those resources for their income through cultural identity and I'm looking forward to hearing this afternoon as the part that I know the least about from my experiences in the coastal area so I'm looking forward to hearing about how we can link up to everybody's rosette and then from different sectors that we are at a very important crossroads in terms of our efficient store that's the same blue as me on one hand we see that there is very value significant opportunities in the ocean and the OECD is even now predicting and projecting that the ocean economy is doubled over the next decade and we're likely to see unprecedented developments in infrastructure coastal development in transport etc and much of this growth is likely to happen in the global south and east and can potentially respond to many of our SCG ambitions SCG 1 no poverty, SCG 2 no hunger and zero hunger even and SCG 8 decent work for the economic development but on the other hand as we know we have seen many of the educators of ocean health now in decline and that is leading to essential goods and services being graded in some cases permanently and of course this is also now impacting on our ambitions for the SCG's I think our reason to sort of focus on quarries are a particular case in point we've lost half our quarries over the last 30 years with the current projections on climate change we're likely to continue to lose most of our quarries on their sites in the next 30 years nice and depressing and the most impressive part about that is the fact that they are so important to many countries in the developing world particularly for food security the likeness but also for coastal protection and of course there's great diversity of this because the costs of putting grade in the structure would also be excessive why not leave the comics where they are so how can such ambitions to grow be achieved when we're actually eroding the resource base on which such growth will depend and the business as usual should actually is actually going to create great risks not just for businesses but also for millions of millions of people in coastal communities around the world and therefore plenty counter to the sustainable development goals our current business model is learning how to start so without interest in sustainability the major drivers will not reach our ambitions for a sustainable new economy and WWF have basically defined a sustainable new economy on all that but simply our economic growth ambitions are depending entirely dependent on how the ecosystems and the goods and services they provide so we should therefore be simply talking about we shouldn't, sorry we shouldn't be talking about new growth which I'm hearing again and again we need to be talking about minimalising risk and building resilience of the ocean particularly in the face of changing, I would say very erratic climate this will require us to restore many of the ecosystems that have already been degraded before we think about how we're going to exploit the and that's going to require some fashion investments we certainly need to stop thinking about new tech areas as a nice curve but we need to think about this part overall business composition going forward to secure national economies but also to secure business prospects in the long term so more urgently most urgently we need to start realigning incentives and capital to support our aims and in particular to redirect mainstream finance to support a sustainable new economy and shameless effort for our sustainable new economy finance which we did with the European Commission the European Investment Micro-World Justice Institute to conclude I think what we really need to do is start using language and articulate cases that resonate with users and in particular business community such as the design of the point of portfolio of private assets and to ensure the long term business identity but whilst we're both talking slightly different languages or we're all talking slightly different languages it's increasingly clear to me that we want very certain things I think the missing main flea and the sense of urgency that is now needed across all sectors to make sure that we have a sustainable new future thank you very much thank you