10 papers analyzed
These studies suggest the Blue Economy involves sustainable growth through sector alliances, governance rationalization, modernization opportunities, climate change mitigation, bold policies, and benefits for small states, while aligning with UN's Sustainable Development Goals.
The Blue Economy (BE) is an emerging concept that focuses on the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystems. It encompasses various sectors such as tourism, maritime transport, energy, and fishing, and aims to balance economic development with environmental sustainability.
Economic Potential and Sustainability:
Governance and Policy:
Regional and National Implementation:
Challenges and Critiques:
The Blue Economy represents a promising approach to harnessing the economic potential of oceans while ensuring their sustainability for future generations. Key to its success are effective governance, international cooperation, and the ability to balance economic, environmental, and social goals. While the concept is gaining traction globally, its implementation varies by region, influenced by local contexts and priorities. Addressing the inherent conflicts and ensuring equitable and sustainable practices will be crucial for the long-term success of the Blue Economy.
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