MoFL, Ministry of Fisheries and Livestock Blue economy for Bangladesh. p. 19.
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The concept of blue economy is still at an evolving stage where there is yet to be any comprehensive definition which would be appropriate from the operational point of view. The Blue Economy conceptualizes oceans and seas as “Development Spaces” where spatial planning integrates conservation, sustainable use of living resources, oil and mineral wealth extracting, bio-prospecting, sustainable energy production and marine transport. Gunter Pauli’s book, “The Blue Economy: 10 years, 100 innovations, 100 million jobs” (2010) brought the Blue Economy concept into prominence. The Blue Economy is envisaged as the integration of Ocean Economy development with the principles of social inclusion, environmental sustainability and innovative, dynamic business models. At the United Nations Conference on Sustainable Development (UNCSD) held in Rio de Janeiro in 2012, blue economy was viewed as ocean economy that aims at the “improvement of human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. The outcome document titled the “Future We Want” highlights the ocean’s contribution to growth, stating; “We stress the importance of the conservation and sustainable use of the oceans and seas and of their resources for sustainable development.” At its core the ocean economy refers to the decoupling of socio-economic development from environmental degradation. In this regard, efficiency and optimization of natural marine resources within ecological limits becomes paramount” (UNCTAD, 2014). The European Commission (2012) has defined the concept of blue economy as “all economic activities related to the oceans, seas and coasts. This includes the closest direct and indirect supporting activities necessary for the functioning of these economic sectors, which can be located anywhere, including in landlocked countries”.
| Item Type: | Articles |
|---|---|
| Keywords: | Blue Economy, Bangladesh, Conservation, Sustainable Use, UNCSD, Sustainable Development, Capture Fisheries, Marine Resources, Marine Fisheries, Fisheries Resources, Fishing Efforts |
| 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/21811 |
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