Blue Economy

  • According to the World Bank, the blue economy is defined as the sustainable development of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of the ocean ecosystem.
  • It emphasizes the integration of the development of the ocean economy with social inclusion and environmental sustainability, combined with innovative business models.
  • Around 3-5% of global GDP derived from oceans and it has great potential for boosting economic growth by providing opportunities for income generation, jobs, etc.
  • Over 80% of international goods being transported by sea.
  • The UN has declared the period 2021-2030 as the ‘UN Decade of Ocean Science for Sustainable ....
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