Blue economy: what is and principles

The blue economy refers to sustainable economic development that focuses on making a sustainable use of oceans, seas and marine resources.

This economy is based on the idea that both seas and oceans have broad economic opportunities that can and should be used sustainably, not only to promote economic growth, but also to protect and preserve the marine environment. The benefits obtained with this economy must benefit both society and the environment.

In this article we explain marine resources: what are, types and examples.

• Sustainability: The blue economy focuses on the sustainable use of marine resources, avoiding its exhaustion and minimizing the negative impacts that occur in marine ecosystems. It seeks to promote economic practices respectful of the environment and responsible by society.
• Innovation: This economy encourages innovation in technologies, processes and business models to boost economic growth and job creation. It seeks to develop novel and efficient solutions that take advantage of marine resources sustainably.
• Cooperation: Through this economy, cooperation is promoted between different sectors, institutions and interested actors. The management and development of marine resources require the collaboration of multiple interested parties: governments, companies, local communities, scientists and non -governmental organizations.
• Closed cycle: The blue economy seeks to promote a closed cycle, where products, by -products and waste are recycled, reused or valued instead of discarding. This helps reduce waste generation and to encourage efficient use of marine resources.
• Resilience: The blue economy cares about the resilience of marine ecosystems and coastal communities against environmental and economic challenges. It seeks to promote the conservation and restoration of marine ecosystems.
• Equity: This economy promotes equity in the access and distribution of the benefits generated by economic activities related to marine resources. It seeks to avoid the unequal exploitation of resources and ensure that local communities and developing countries also fairly benefit from resources.

• Environmental Sustainability: This is of great importance, since it helps to conserve and protect marine ecosystems. Oceans play a vital role in climate regulation, oxygen production, carbon capture and biodiversity.
• Economic growth: The blue economy offers opportunities for economic growth and job creation thanks to activities such as sustainable aquaculture, coastal and marine tourism, marine renewable energy and marine biotechnology. You may be interested in this article about mareomotor energy: advantages and disadvantages.
• Food security: Sustainable aquaculture is an important component of the blue economy and plays a key role in food security. With the increase in world population, traditional fishery resources are under pressure, and aquaculture offers a way of producing food sustainably.
• Innovation and Technological Development: Development of new technologies and solutions to take advantage of marine resources sustainably. These technological advances not only contribute to the blue economy, but can also have applications in other sectors.
• Resilience and adaptation to climate change: Oceans play a very important role in mitigation and adaptation to climate change. The blue economy seeks to strengthen the resilience of marine ecosystems and coastal communities against the impacts of climate change, such as the increase in sea level, the acidification of the oceans and the extreme meteorological phenomena.

• Sustainable aquaculture: Cultivation of fish, shellfish and algae in a responsible way, minimizing environmental impacts and promoting food security, as well as the promotion of consumption of fish, maricos and adequate algae depending on the resources that exist.
• Sustainable coastal and marine tourism: Promotion with environmental education campaigns of responsible tourism in coastal and marine areas, which help preserve ecosystems and local culture. In this article we explain how to do sustainable tourism.
• Marine renewable energy: Technologies development to take advantage of the energy generated by the wind, currents and waves of the ocean, thus reducing the dependence of fossil fuels.
• Marine Biotechnology: Research and development of products and medications based on marine organisms, seeks to take advantage of its biological and genetic potential.
• Management and conservation of protected marine areas: establishment and management of marine reserves and protected areas with the objective of preserving biodiversity and marine ecosystems.
• Circular economy in fishing: Implementation of practices that reduce waste and promote recycling and reuse in the fishing industry.

Now that you know what the blue economy and its principles are, do not miss these articles on green technology: what is, objectives and examples and the green economy: what is and objectives.

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