Billones, Toni Rose D. and Novero, Cybil Jane L. (2024) Blue economy policy: Harnessing ocean wealth for sustainable growth. p. 17.
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The Philippines has a vast maritime domain encompassing 2.2 million square kilometers of territorial waters and exclusive economic zones, the world's fifth-longest coastline at 37,008 kilometers (PEMSEA 2021; Azanza et al. 2022), and abundant marine resources, all of which underpin a promising ocean economy. Despite its immense potential, this vital sector is often overlooked as a lifeline for millions of coastal Filipinos. The country's alarming ranking of 214th out of 220 in the 2023 Ocean Health Index underscores the urgent need to transition toward a “sustainable ocean-based economy” that maximizes benefits while safeguarding marine ecosystems for future generations – a blue economy (UNRIC 2022). To address this need, the proposed Blue Economy Act aims to formulate a comprehensive Policy Framework and Strategic Action Plan on Blue Economy by creating a Blue Economy Council. Committee Report 138 or Senate Bill (SB) 2450, 1 or the Blue Economy Act, is a priority measure in the Legislative Executive Development Advisory Council for the 19th Congress. The bill has been approved on third reading in both the Senate and the House of Representatives, underlining the urgency of its passage. Acknowledging the need for a policy to harness ocean wealth for sustainable growth, this policy brief aims to (1) analyze the current state of the Philippine ocean economy, identifying key challenges and opportunities; (2) examine the proposed Blue Economy Act and its potential to address these challenges and drive sustainable ocean development; and (3) develop a comprehensive set of policy recommendations and actionable strategies to guide the transition to a thriving blue economy, focusing on critical areas such as governance, finance, technology, and ecosystem conservation.
| Item Type: | Articles |
|---|---|
| Keywords: | Blue Economy, Marine Resources, Philippines, Exclusive Economic Zones (EEZ), Marine Ecosystems, Conservation, Sustainable Development, IUU, Commercial Fisheries, Resource Management, Small-scale Fisheries, MPA |
| Subjects: | Biodiversity |
| Depositing User: | Kokila ICSF Krish |
| Date Deposited: | 23 Jun 2025 10:33 |
| Last Modified: | 23 Jun 2025 10:33 |
| URI: | http://icsfarchives.net/id/eprint/21797 |
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