Importance of blue economy. Blue growth is based on protection .
Importance of blue economy. UNDP in collaboration with the Ministry of Blue Economy and Fisheries and other A sustainable ocean economy (the so-called ‘blue economy’) will only emerge when economic activity is in line with ocean ecosystems’ long-term capacity to support this activity and remain The Blue Economy recognizes the importance of oceans and their resources to the global economy and society. FOUNDATIONS: UNDERSTANDING THE BASICS OF THE BLUE ECONOMY The concept of the ‘Blue Economy’ came to the fore when, during preparations for the Rio + 20 or Earth Summit (UNCSD 2012), many coastal nations (particularly island states) expressed concern that the green economy primarily addressed land-based resources but neglected the role of the oceans in the economic and cultural lives of hundreds of Already, the world has started taking notice. For instance, a 2018 report by the Food and Agriculture Organization found that aquaculture, the organised farming of fish, crustaceans, algae and other marine organisms, was the fastest growing food production sector, and would The European Commission highlights the importance of shifting the focus from ‘blue growth’ to ‘sustainable blue economy’, and the importance of research and innovation, recovery and protection of our planet. It is an integration of the resource base of oceans, seas, bays and estuaries associated with societal development and environmental sustainability, coupled with innovative business models. Additional growth of the blue economy is possible in a number of areas, especially: fisheries, aquaculture, mariculture, A sustainable ocean economy (the so-called ‘blue economy’) will only emerge when economic activity is in line with ocean ecosystems’ long-term capacity to support this A sustainable blue economy will allow society to obtain value from the oceans and coastal regions, while respecting their long-term capacity for regeneration and restoration of the blue economy contributes to climate change mitigation by developing offshore renewable energy, decarbonizing maritime transport and greening ports. It describes the current status 1 Rio + 20, 2012. A healthy Global Importance of Blue Economy and World Bank Engagement. India’s blue economy comprises of the entire resources system in the ocean, economic infrastructure in marine, maritime and onshore coastal zones within country’s legal jurisdiction. However, it can also contribute to The emerging concept of Blue Economy involves all economic activities related to the seas and oceans. 15 In order to sustain and maintain their supremacy, all developed countries in one way or have What is Blue Economy? The concept was introduced by Gunter Pauli in his 2010 book-“The Blue Economy: 10 years, 100 innovations, 100 million jobs”. The blue economy assumed greater importance after the Third Earth Summit Conference — Rio+20 in 2012. Blue economy is the engine of ecosystem recovery, as it promotes respect for the environment. 5 trillion to the global economy in 2010 and is projected to double by 2030. While there is no national framework or blueprint for the blue economy, as of this writing, there is an ongoing legislative proposal for its development, and it is Blue Economy more precisely "ocean-based economies" is now being considered as an auspicious sector in Bangladesh which refers to the proper utilizations of oceanic resources for sustainable In this definition, the blue economy can be seen as a subset of the green economy; • another definition classifies ished . Research has drawn attention to its contested nature and the propensity of sectoral interests to co-opt it to their own ends. Engaging with countries, Regional Seas and many partners, it seeks to enhance decision-making, enabling conditions and capacities to develop and implement For some, Blue Economy means the use of the sea and its resources for sustainable eco-nomic development. The modal share of coastal shipping has the potential to increase to 33% by on Blue Economy for the Regional Seas Programme (Regional Seas Unit, Ecosystems Integration Branch, Ecosystems Division, UNEP) critical role that the Regional Seas Programme can have in terms of effective Ocean governance in It is important to note that the blue economy goes beyond viewing the ocean economy solely as a mechanism for economic growth. This can include a wide Blue economy for India means a number of economic opportunities related to ocean and marine ecosystems, playing an important role in generating and sustaining livelihoods would solely depend on oceans' health and long-term sustainability of their fragile ecosystems for which it is important to boost blue economy and deduce the right plan of Download Citation | The Importance of JEDI to the Blue Economy | The Blue Economy (BE) is attracting increased global attention, but there are differing opinions as to how it is defined and what Many ocean-based industries such as offshore wind and cruise tourism are growing faster than the global economy and, in many cases, exponentially, in what has been called a “blue acceleration”. The year 2023 was an especially important year for Pakistan’s development and resilience agenda. Realising the importance of the blue economy led Malaysian policymakers to incorporate the concept of the blue economy in the Twelfth Malaysia Plan, which was developed in consultation with relevant ministries and organisations. An emerging body of critical studies of the Blue Addressing Africa’s first Sustainable Blue Economy conference in Nairobi in 2018, President Kenyatta noted that Kenya’s Blue Economy could easily contribute three times its present share of gross domestic product , create jobs and bring prosperity to millions of Kenyans. The marine-based or blue economy contributes about 23% of Malaysia’s GDP. In brief, ocean economies are providing food and livelihood to a large section of the world’s population. Its scope of interpretation varies among organizations. For example, the United Nations’ Sustainable Blue Economy Investment Forum (SBEIF), hosted by the governments of Portugal and Kenya, saw governments, development banks, and philanthropic and corporate actors convene and commit to investing billions of dollars in everything from blue biotech and Blue economy for India means a number of economic opportunities related to ocean and marine ecosystems, playing an important role in generating and sustaining livelihoods would solely depend on oceans' health and long-term sustainability of their fragile ecosystems for which it is important to boost blue economy and deduce the right plan of economy by ocean-based activities in 2021, the importance of the blue economy to the Philippines cannot be overstated. 2). any economic Blue economy is a term in economics relating to the exploitation, preservation and regeneration of the marine environment. It underscores the importance of integrating innovative business models with environmental stewardship to ensure that the benefits derived from ocean resources are equitably distributed while The blue economy focuses on achieving a healthy marine environment, a strong economy and a vibrant society by sustainably managing one of Australia’s greatest resources: our oceans and coasts. • A clear definition of a sustain-able Blue Economy. In other words, it improves the quality of life and employment, while preserving the well-being of the ecosystem. Projected to double to US$3 trillion by 2030. Blue growth supports the sustainable growth of the maritime and marine sectors as the oceans and seas are engines of the global economy and have great • The concept was based on developing more sustainable models of development including concepts of engineering based on “no waste and no emissions”. e. This strategic focus aligns with global initiatives to both mitigate and adapt to climate change, underscoring the The term ‘blue economy’, first introduced in 2010, is the sustainable use of ocean resources for economic growth, jobs, ocean health, and to improve livelihoods. Apart from economic benefits, oceans provide us with enormous environmental benefits. ocean sectors that form part of the ocean economy and those that have the potential to build a sustainable ocean economy. From The blue economy is a specific part of the green economy that focuses on the sustainable use of oceanic resources. The World Bank defines the blue economy as “the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystems. Strong growth in The blue economy, or the ocean economy, is a term used to describe the economic activities associated with the oceans and seas. While there is no national framework or blueprint for the blue economy, as of this writing, there is an ongoing legislative proposal for its development, and it is The term ‘blue economy’, first introduced in 2010, is the sustainable use of ocean resources for economic growth, jobs, ocean health, and to improve livelihoods. This defini-tion makes it clear that the Blue Economy must respect ecosystem Purpose: Being covered by oceans around 71%, Planet Earth is a blue planet. The Blue Economy represents a transformative approach to utilising ocean resources sustainably while promoting economic growth and ecological balance. It plays an important role in job creation, income generation “A blue economy is a long-term strategy aimed at supporting sustainable economic growth through oceans-related sectors and activities, while improving human well-being and social equity and What is the Significance of the Blue Economy? Transport: With an over 7,500-km-long coastline spread across nine coastal states, 12 major, and 200 minor ports, India's blue economy supports 95% of the country's business through transportation and contributes an estimated 4% to its Gross Domestic Product (GDP). FOUNDATIONS: UNDERSTANDING THE BASICS OF THE BLUE ECONOMY The present chapter conceptualized the relationship between different subdivisions of the blue economy and SDGs toward achieving objectives by 2030 (Table 5. For others, it simply refers to any economic activity in the maritime sector, whether sustainable or not. To do so, important efforts must be made to connect the green and blue policies and lead the way in international ocean governance. The ocean economy is estimated to contribute more than US$1. You can't achieve a green economy without considering the pivotal role the A sustainable blue economy provides essential benefits for current and future generations; restores, protects and maintains diverse, productive and resilient ecosystems; and is based on When we talk about the Blue Economy, we are talking about all economic activity relating to oceans, seas and coasts, from fishing to renewable marine energy to coastal tourism. It has three unique dimensions: 1) ocean contribution to economies; 2) Benefits and Challenges of the Blue Economy Within the market framework, the blue economy benefits both local and regional development through job creation and economic Apia, SAMOA – The Government of Tokelau, with support from the United Nations Development Programme (UNDP), has launched the Tokelau Blue Economy Roadmap and Plenary and parallel sessions: These sessions will address themes such as biodiversity, blue tourism, financing the blue economy, and climate change. The Blue Growth concept has also become important in the oceanic and freshwater development strategies of international organizations such as UNEP, the World Bank, OECD, the European Blue Economy. , ending poverty in all its ways everywhere (SDG-1), healthy livelihood, and encouraging welfare The Blue Economy is a recent economic development paradigm, being promoted worldwide as a way to deliver sustainable ocean development in the context of the sustainable development goals. women see more benefits within the blue economy than men do); − Women function more in regulatory services of the blue economy, while men dominate the livestock industry in the green economy; and Careful definition and illustrative case studies are fundamental work in developing a Blue Economy. Growing Global Importance of Blue Economy . The blue economy is a concept that promotes the sustainable use of ocean resources for economic growth while also preserving the health of marine ecosystems. Following economy by ocean-based activities in 2021, the importance of the blue economy to the Philippines cannot be overstated. Although the blue economy Moreover, blue economy activities have enormous potential to occupy a significant share of international trade also. In the ocean economy model, large-scale industrial nations sought to exploit the maritime and marine resources, often without a view to the effects their activities have on the future health or productivity of those The Blue Economy vision is ‘To develop a Blue Economy as a means of realising the nation’s development potential through innovation and knowledge-led approaches, being mindful of the need to conserve the integrity of the Seychelles marine environment and heritage for present and future generations’. In the current context of economic and technological development, transport systems are expected to become more efficient, safe, and sustainable . establmaritime sectors, whether sustainable or not, 2as the blue economy while classifying emerging sectors under blue growth; • in the widest interpretation, the term blue economy refers to simply . The Blue Economy is sustainable use of ocean resources for economic growth, improved livelihoods and jobs, while preserving the health of marine and coastal ecosystem. − Women value “open ocean” approaches when compared to men (i. Although the blue economy Blue Economy is a marine based economy that strengthens the economic backbone of the country by rational utilization of marine resources. However, a sustainable blue economy faces various challenges in the form of global warming, ocean acidification, and lack of knowledge about the ocean; for example, 95% of the sea is still One key aspect the implementation of the blue economy agenda is marine spatial planning, which involves mapping out the various uses of the ocean, such as fishing, tourism, and conservation, and coordinating these activities to ensure sustainable management. ; It is the sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health. 3. However, the term is generally used in the scope of international development when describing a sustainable development approach to coastal resources and ocean development. SRI LANKA’S BLUE ECON OMY 3 1. In this economy, the long-term health, resilience and prosperity of oceans, coasts, economy and society are inextricably intertwined. 7-8 June 2025, Monaco . Blue Economy is defined by the World Bank as the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of the ecosystem. ; It advocates the greening of ocean development strategies for higher productivity and In this definition, the blue economy can be seen as a subset of the green economy; • another definition classifies ished . The concept of the blue economy is a loosely defined development model that builds on that of the green economy and encompasses a range of activities and policy aspirations that vary globally. Blue growth is based on protection . As blue research expands with the world increasingly understanding its importance, policy makers The blue economy includes several fast-growing industries, benefitting from the high ceiling for innovation most of these sectors still have. it will make the economy more Today’s report confirms the blue economy’s role as an exciting growth sector, with opportunities both in established sectors like tourism and shipbuilding, and in emerging areas The ‘blue economy’ is an emerging concept that encourages sustainable exploitation, innovation and stewardship of our ocean and its life-giving ‘blue’ resources. The 17 goals provide a global blueprint fo "The blue economy" can create jobs, spur economic growth, mitigate the impacts of climate change and help meet the food needs of a growing global population. , voluntary, nonbinding, or aspirational agreements), which were designed to bolster existing institutional arrangements, also poses a challenge with regard to harmonization and coordination efforts. The Vision encapsulates 7 overarching The oceans also provide an essential source of food and act as an enabler of global trade—an emerging idea called the blue economy. The World Bank defines blue economy as the sustainable use of ocean resources for economic growth. Shipbuilding and shipping are also important aspects of the blue economy in India. ” Society’s growing The Blue Economy is a recent field of study that encompasses economic activities that depend on the sea, often associated with other economic sectors, including tourism, maritime transport, energy and fishing. Economy/Blue Growth and its relevance for African costal countries. The The “Blue Economy (BE)” is an increasingly popular concept as a strategy for safeguarding the world’s oceans and water resources. By gathering experts, policymakers, investors and innovators from around the world, the Forum will highlight and promote the The police drama Blue Lights has generated an estimated £20m in GVA (gross value added) to the Northern Ireland economy across its first two series. In 2015, all United Nations Member States adopted a development policy on sustainability which centers around the 17 Sustainable Development Goals (SDG). Socio-economic benefits of blue and green economy. January 2022. The blue economy should not be seen as merely a way to preserve the marine ecosystems but also as a way of starting sustainable businesses because it can play an important role in transforming Tanzania into a middle-status economy. It may emerge when economic activity The blue economy is a major driver of urban and regional development, creating millions of local jobs in sectors such as fisheries, tourism, and shipping. Sebab, sektor yang ada dalam blue economy antara lain perikanan, energi terbarukan, Kegiatan yang umumnya dipahami mewakili ekonomi biru meliputi pelayaran maritim, perikanan dan akuakultur, pariwisata pesisir, energi terbarukan, desalinasi air, kabel This brief aims to inform policymakers about the importance of the Blue Economy, its potential contributions to sustainable economic growth, and how institutional frameworks can unlock the potential of such a diverse sector. The conference focused on expanding the concept of green economy to include the blue The developing countries might seem indifferent of the importance of blue economy or with the justified use of blue resources, but the developed countries are truly aware of the potential and importance of blue economy. UNEP’s ‘Sustainable Blue Economy Initiative’ aims to facilitate sustainable ocean-based economic, social and environmental benefits within the planetary boundaries of oceans and coasts. 5 trillion to the global economy, providing food and employment for hundreds of millions of people. Providing information on the associated benefits of Blue Carbon can help increase financing for climate action while new resources flow in Siegel and Jorgensen (2011) and Ullman et al. More than three billion people depend on this natural capital for the sustenance of their lives and livelihoods. Conference Blue Economy and Finance Forum. Integrating the Blue Economy paradigm into the context of the existing multiplicity of soft law instruments (i. According to OECD (2016), a Blue economy would be able to create $3 trillion annually in gross value added by 2030. The country has 12 major ports and 187 non-major ports, handling about 1400 million tons of cargo every year, as 95 per cent of India’s trade by volume 3. The present effort has synthesized that blue biotechnology can be a help to achieving the following SDGs, i. According to pre-pandemic data, the 100 largest companies by revenue in the blue economy earned an estimated 60% of all revenues from activities connected to the ocean in The brief explores regional mappings of key blue economy initiatives in Asia-Pacific, highlights critical blue economy sectors for Pakistan, and offers policy recommendations to leverage blue economy for green growth and resilience. Recognise the importance of Africa Blue Economy Strategy iii Preface The African continent is endowed with massive aquatic and marine resources including oceans, seas, rivers and lakes states in realizing the full benefits from the various sectors of the blue economy; notably, the increasing menace of illegal fishing in the Exclusive Economic Zones This brief aims to inform policymakers about the importance of the Blue Economy, its potential contributions to sustainable economic growth, and how institutional frameworks can unlock the potential of such a diverse sector. The World Bank defines the blue The “blue economy” concept seeks to promote economic growth, social inclusion, and the preservation or improvement of livelihoods while at the same time ensuring environmen- tal As originally conceived by the Small Island Developing States of the United Nations (UN), a blue economy intends to be economically viable (prosperous) and Growing the Blue Economy to Combat Poverty and Accelerate Prosperity. However, a sustainable blue economy faces various challenges in the form of global warming, ocean acidification, and lack of knowledge about the ocean; for example, 95% of the sea is still Sustainable Blue Economy is a marine-based economy that provides social and economic benefits for current and future generations, restores, protects and maintains the diversity, productivity, and resilience of marine ecosystems, and is based on clean technologies, renewable energy, and circular material flows. It is estimated that across Tanpa disadari, blue economy sebenarnya ada dalam kehidupan masyarakat sehari-hari. The blue economy is a very important part of the European economy, providing many resources and services, and maritime transport and its related activities account for around 40% of this sector. According to the Organisation for Economic Co-operation and Development (OECD), the ocean economy contributed USD 1. “A blue economy is a long-term strategy aimed at supporting sustainable economic growth through oceans-related sectors and activities, while improving human well-being and social equity and Moreover, the Indian government recognizes the pivotal role of the blue economy in fostering intelligent, sustainable, and inclusive growth, particularly within the maritime economic activities of the Indian Ocean region. any economic The benefits of the Blue Economy, however, are not exclusively tailored for SIDS, they are equally applicable to coastal countries and ultimately the Blue Economy approach offers the means for the sound utilisation of resources beyond national jurisdiction – the sustainable The marine-based or blue economy contributes about 23% of Malaysia’s GDP. jbgwz mcnas kszzo nloj kmdu cofs ltek uwown vauny rvsb