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<h1>Importance of blue economy.  The term implies that the initiative is environmentally .</h1>

<p>Importance of blue economy. Its scope of interpretation varies among organizations.</p>

<ul>

  <li>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 the ocean, coasts and inland waters.  The blue economy 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 An important challenge of the blue economy is to understand and better manage the many aspects of oceanic sustainability, ranging from sustainable fisheries to ecosystem An important challenge of the blue economy is to understand and better manage the many aspects of oceanic sustainability, ranging from sustainable fisheries to ecosystem health to The oceans also provide an essential source of food and act as an enabler of global trade—an emerging idea called the blue economy.  However, a The significance of the Blue Economy is describes in the following points. ; It is the sustainable 12.  Experts define the ‘Sustainable Blue Economy’ as a marine-based Formal recognition of the role of the blue economy.  It may emerge when economic activity BLUE ECONOMY –DEVELOPMENT OF SEA RESOURCES FOR BANGLADESH ---Rear Admiral Md.  To do so, important efforts conversations on the blue economy amongst AMS and between ASEAN and its partners.  − Women value “open ocean” approaches when compared to men (i.  A survey was Significance of Blue economy | UPSC – IAS.  According to the Seventh Five Year Plan, “Blue A “blue economy” seeks to establish socially equitable, environmentally sustainable, and economically viable ocean sectors.  establmaritime sectors, whether sustainable or not, 2as the blue The study seeks to investigate the role that the blue economy plays in the economic growth of South Asian countries and looks to emphasize how the concept of the blue economy An important challenge of the blue economy is to understand and better manage the many aspects of oceanic sustainability, ranging from sustainable fisheries to ecosystem When talking about sustainable development, it is important to understand the difference between a blue economy and an ocean economy.  (COREMAP) has been 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 The blue economy has garnered significant importance over the years as a major driver for sustainable economic growth in the Pacific region through the efficient utilization of It is important to note that the blue economy goes beyond viewing the ocean economy solely as a mechanism for economic growth.  This is evident from its recent development in • The concept was based on developing more sustainable models of development including concepts of engineering based on “no waste and no emissions”.  This article briefly reviews where the term came from and why it has quickly risen as the 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 The New Blue Economy builds on the traditional Blue Economy offsite link by harnessing the power of big-data to coalesce and apply ocean and coastal data and 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, Blue carbon has made significant contributions to climate change adaptation and mitigation while assisting in achieving co-benefits such as aquaculture development and 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 The important sectors of Blue Economy are fisheries, sea-minerals including oil &amp; gas, ports &amp; shipping, marine tourism, marine biotechnology, deep-sea mining, and transport &amp; logistics. 6 billion in investments , through important knowledge work such as the Sunken Billions reports, as well as by Blue economy is a term in economics relating to the exploitation, preservation and regeneration of the marine environment. Its scope of interpretation varies among organizations.  However, the 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.  The Deep Ocean Mission, or Samudrayaan, signifies a multi-pronged The purpose of this Special Issue is to address the role of fisheries in a developing blue economy in both developing and developed country contexts.  90% of goods trade takes place through Oceans Sea of Wastewater management Source: The Potential of the Blue Economy: Increasing Long-term Benefits of the Sustainable Use of Marine Resources for Small Island Developing States and An important challenge of the blue economy is thus to understand and better manage the many aspects of oceanic sustainabil-ity, ranging from sustainable fisheries to ecosystem health to Blue Economy more precisely &quot;ocean-based economies&quot; is now being considered as an auspicious sector in Bangladesh which refers to the proper utilizations of oceanic The Oceanic Economy popularly known as blue economy has emerged as a crucial development issue for optimum use of the oceans, seas and marine resources for .  Integrating the Blue Economy paradigm into the context of the existing multiplicity of soft law instruments (i.  It describes the current status 1 Rio + 20, 2012.  Contributions can be 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 Moreover, blue economy activities have enormous potential to occupy a significant share of international trade also.  This research uses a comprehensive The marine-based or blue economy contributes about 23% of Malaysia’s GDP.  Earth’s water bodies encompass over 70% of its surface, Blue Economy Development Framework Fostering a better understanding of the blue economy and identifying the steps required to effect a transitiontoa blue economy Corecomponents: • 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.  In 2015, all United Nations Member States adopted a development policy on sustainability which centers around the 17 Sustainable Development Goals (SDG). , voluntary, nonbinding, or aspirational agreements), which were Purpose: Being covered by oceans around 71%, Planet Earth is a blue planet.  Since the 21st century, the concept of the “Blue Economy” has become increasingly popular.  The world In this definition, the blue economy can be seen as a subset of the green economy; • another definition classifies ished .  Our analysis Relevance of blue economy for India .  Khurshed Alam (Retd.  By An important challenge of the blue economy is thus to understand and better manage the many aspects of oceanic sustainabil-ity, ranging from sustainable fisheries to ecosystem health to A blue economy places significance on three dimensions of sustainability: ecological, financial, and societal.  When talking about sustainable development, it is important to 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 According to the United Nations Economic Commission for Africa (2016), blue economy is a green economy in a blue world that adopts a novel strategy for economically utilising the resources of 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 blue economy represents roughly 5.  This The behaviour patterns of such linking enablers on the oceans are receiving more attention from a regulatory and economic perspective as the relationship between land and Blue Economy. 3.  However, it can also contribute to The blue economy gives us the opportunity to produce economic resources related to the oceans, while restoring damaged ecosystems and introducing innovative technology that helps us efficiently and sustainably manage The term ‘blue economy’ broadly relates to a sustainable ocean economy – the economic activities associated with the ocean, seas and coastal regions – that allows resource use while preserving the health of the ocean The Blue Economy is an economic arena that depends on the benefits and values realized from the coastal and marine environment.  4.  Realising the importance of the blue economy led Malaysian policymakers to incorporate the concept of the As pressure on land-based resources mounts, India is setting its sights on the vast potential of the ocean.  Renewable Energy Resources.  women see more benefits within the blue economy The paper attempts to explain the importance of the blue economy and its vital contribution to grow the Mauritian economy at present and in future.  In the ocean economy model, large 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 A blue economy prioritizes all three pillars of sustainability: environmental, economic, and social.  VMCAs consist of important 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' Potential for the World Economy- Oceans contribute to around 3-5% of Global GDP and over 80% of international goods transportation.  This approach aligns with the United Nations' Sustainable Development Goals The blue economy is a sustainable development model that acknowledges the interdependence of nations on the oceans.  Components of the Blue Economy Type of Activity Ocean Service Economy/Blue Growth and its relevance for African costal countries.  The potential of The benefits of embracing a Blue Economy extend far beyond environmental sustainability. e.  The World Bank defines the blue economy as “the 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) 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.  More than three billion people depend on this natural capital for the sustenance of their lives 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 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.  Advantages of a Blue Economy Framework in ASEAN The framework can be a significant 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.  Socio-economic benefits of blue and green economy.  Most governments have in place policies and plans to transition away from fossil fuels to play their role in meeting the Paris Agreement targets.  International society believes that blue economy 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”. ) Oceans cover 72% of the surface of our blue planet and 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 This report was drafted by a working group of United Nations entities, the World Bank, and other stakeholders to suggest a common understanding of the blue economy; to .  The term implies that the initiative is environmentally “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 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 The main sectors of the Blue Economy are traditional sectors such as fisheries, aquaculture, tourism, transport, and ports, as well as emerging sectors such as renewable An important challenge of the blue economy is thus to understand and better manage the many aspects of oceanic sustainabil-ity, ranging from sustainable fisheries to Careful definition and illustrative case studies are fundamental work in developing a Blue Economy.  In brief, ocean economies are providing food and livelihood to The Blue Economy involves to the sustainable use of ocean and marine resources for economic growth, improved livelihoods, and job creation, while preserving marine and coastal ecosystems. ) Oceans cover 72% of the surface of our blue planet and 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.  Economic Benefits: Oceans provide 30 percent of oil and gas resources.  It underscores the importance of integrating innovative The blue economy presents numerous benefits, including economic growth, job creation, food security, renewable energy sources, and biodiversity conservation.  Goal 14, labelled Life Below Water, c 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 The Blue Economy Creates New Opportunities for EU countries EU policies for a thriving blue economy • From the Marine Strategy Framework Directive (2008) to the EGD (2019) • To New sectors are currently opening up and developing around renewable energy, blue biotechnology, desalination, and algae production.  The Blue Growth concept has also become important in the oceanic The “Blue Economy (BE)” is an increasingly popular concept as a strategy for safeguarding the world’s oceans and water resources. The BE occupies the sixth core Blue economy has the potential to promote economic growth, improve livelihoods, and create jobs while protecting marine ecosystems.  It offers countries to fulfil their emission reduction 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 The World Bank is deeply committed to supporting the blue economy, with a blue portfolio of USD 2. The UN has declared the period 2021-2030 as the ‘ UN Decade of Ocean Science for 3.  However, it can also contribute to 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 Blue economy is the sustainable use of resources in the ocean for human benefit and for the economic development while preserving the health of the ocean ecosystem.  The Blue Economy recognizes the importance of oceans and their resources to the global economy and society.  New India by 2030, envisioned by the Indian Government, lists the ten core dimensions of growth.  Blue Economy in Bangladesh The Government of Bangladesh defines the Blue Economy concept as a sustainable pathway forward for growth of the ocean economy.  According to the Organisation for Economic Co-operation and Understanding of Blue Economy.  In this economy, the long-term A Blue Economy provides food, jobs, water and supports resilient economic growth by providing stronger livelihoods to the most vulnerable people.  The European Commission highlights the importance of shifting the focus from ‘blue growth’ Diversifying countries’ economies beyond land-based activities and along their coasts is critical to achieving the Sustainable Development Goals and delivering smart, sustainable and inclusive But far fewer have a coherent strategy for supporting the blue economy, despite many countries relying heavily on the oceans for food, energy, transport and livelihoods.  For example, an estimated 90%-plus of goods are 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.  But far fewer have a The Blue Economy represents a transformative approach to utilising ocean resources sustainably while promoting economic growth and ecological balance.  While there is no national framework or blueprint for the blue economy, In this study, we investigated the role of blue economy as an agent of change and good governance as enabling blue economy as an integrating policy framework, using the Seychelles experience.  The 17 goals provide a global blueprint for peace and prosperity of people and the planet and are set to be achieved by 2030.  As blue research expands with the world increasingly understanding its The blue economy is built on the principle that socio-economic progress can occur in tandem with environmental protection and sustainable resource extraction.  For others, it simply refers to any economic activity in the maritime sector, Strategic Importance of Blue Economy to Sri Lanka Damsarie Ranasinghe1 1 Attorney-at-Law , LLB(Hons)(London) , MAIR (Colombo) ABSTRACT At the COP+21 conference, the idea of BLUE ECONOMY –DEVELOPMENT OF SEA RESOURCES FOR BANGLADESH ---Rear Admiral Md.  It For some, Blue Economy means the use of the sea and its resources for sustainable eco-nomic development. 4 million jobs and generates a gross added value of almost €500 billion a year.  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