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- Title
Blue Economy in the Indo-Pacific: The Need to Create a Cooperative Framework.
- Authors
PARASHAR, SHUSHANT V. C.
- Abstract
Contemporary environmental challenges stress ocean, coastal, and marine ecosystems, impacting billions. Coastal regions, vulnerable to climate change, face rising sea levels and intense storms. To address these complexities, innovative solutions offering economic growth are crucial. The ocean economy contributes USD 2.5 trillion globally, supporting 3 billion livelihoods. Beyond traditional sectors, nations explore ocean- based renewable energy and marine biotechnology. Embracing the blue economy concept promotes sustainable use of ocean resources for social, economic, and environmental progress. It recognizes threats like plastic pollution and emphasizes interconnected ecosystems. As the Indo- Pacific adapts, redefining the blue economy becomes vital to align with sustainable development goals. This entails inclusivity, value creation, and sustainability, fostering regional collaboration for prosperity and sustainable development.
- Subjects
BLUE economy; MARINE resources; MARINE biotechnology; VALUE creation; SUSTAINABLE development
- Publication
Journal of Indo-Pacific Affairs, 2024, Vol 7, Issue 2, p140
- ISSN
2576-5361
- Publication type
Article