Blue Economy

From Open Risk Manual


Blue Economy denotes all the sources of financial and non-financial value that humanity derives from marine environments. It includes all economic activities related to oceans, seas and coasts. [1]

The "blue economy" concept seeks to promote economic development, social inclusion, and the preservation or improvement of livelihoods while at the same time ensuring environmental sustainability of the oceans and coastal areas.

The world’s oceans - their temperature, chemistry, currents, and life - drive global systems that make Earth habitable for humankind. Our rainwater, drinking water, weather, climate, coastlines, much of our food, medicines and even the oxygen in the air we breathe, are all provided and regulated by the seas. However, because of climate change, the health of our oceans is now at significant risk.

The blue economy has diverse components, including established traditional ocean industries such as fisheries, tourism, and maritime transport, but also new and emerging activities, such as offshore renewable energy, aquaculture, seabed extractive activities, and marine biotechnology.

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