WHAT IS THE BLUE ECONOMY?
- Sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving ocean ecosystem health.
- All economic activities related to oceans, seas, and coasts, covering a wide range of interlinked established and emerging sectors.
- An emerging concept encouraging better stewardship of ocean resources.
- Includes economic benefits like carbon storage, coastal protection, cultural values, and biodiversity.
- Widely used term with three meanings—overall ocean contribution to economies, environmental sustainability, and ocean economy as a growth opportunity.
- Comprises sectors and policies determining sustainable ocean resource use. Challenges include cross-border collaboration for sustainability, particularly for Small Island Developing States (SIDS) and Least Developed Countries (LDCs)
The Blue Economy involves the sustainable utilization of ocean resources for economic growth and improved livelihoods while preserving the health of the ocean ecosystem. It encompasses various economic activities related to oceans, seas, and coasts, with a focus on environmental sustainability and collaboration across borders and sectors. The concept addresses challenges in oceanic sustainability and aims to achieve UN Sustainable Development Goal 14, “Life Below Water.”
WHAT IS A BLUE ENTREPRENEUR?
- Independent Operators: Blue entrepreneurs are individuals who work independently within the blue economy, managing their ventures.
- Sustainable Practices: They engage in economic activities related to oceans, seas, and coasts while prioritizing sustainable use of ocean resources.
- Diverse Sectors: Blue entrepreneurs operate in a range of sectors within the blue economy, contributing to its growth and development.
- Environmental Stewardship: They play a crucial role in promoting better stewardship of ocean resources, aligning with the principles of the blue economy.
- Multidisciplinary Approach: Blue entrepreneurs often adopt a multidisciplinary approach, addressing various aspects from fisheries to ecosystem health and pollution prevention.
- Global Collaboration: Given the challenges in oceanic sustainability, blue entrepreneurs may collaborate across borders and sectors to achieve sustainable management of ocean resources.
Blue entrepreneurs are independent individuals working within the blue economy, contributing to its growth and sustainability. They operate across diverse sectors, emphasizing sustainable practices and environmental stewardship. This often involves a multidisciplinary approach and global collaboration to address the complexities of oceanic sustainability.