This book is a pivotal publication that seeks to address contemporary challenges to the blue economy in view of the growth in exploration and utilization of natural resources, transport connectivity, effects of climate change, sustainable fisheries management, food security, and social and economic issues of human well-being in coastal areas. Coastal territories and water areas are changing at an unprecedented pace in ways that fundamentally affect ecosystems, people, biodiversity, and sustainability. Such changes are driven primarily by rapid social and economic developments, economic disparities between countries, the internationalization of production and value chains, and industrialization. In this context, this publication supplements the existing literature by summoning political, economic, environmental, and social factors that influence various dimensions of the sustainable development of blue economy, as well as translating the findings into workable approaches and policies for the benefit of the economic actors, people, and the environment.

Traditionally, the ocean economy is viewed solely as a mechanism for economic growth. In this business-as-usual approach, large-scale industrial economies have developed the ocean economy through the exploitation of maritime and marine resources, often without consideration of how those activities impact the future health or productivity of those same resources. This has led to aquatic ecosystems being viewed and treated as limitless resources; the marine environment becoming a dumping ground for waste; overfishing diminishing fishing stocks; ocean habitats being degraded from coastal developments; sea-level rise impacting coastal communities and infrastructure; increasing ocean acidification; and the marginalisation of poor coastal communities. Recognising the failings of the traditional ocean economy, there is a transition underway around the world towards the Blue Economy. This concept moves beyond the business-as-usual approach with economic development and ocean health complementary to one another. In the Blue Economy, the environmental risks of and ecological degradation from economic activity are mitigated or significantly reduced. Therefore, economic activity is in balance with the long-term capacity of the ocean ecosystems to support this activity and remain healthy and resilient. This book will provide an overview of the various technologies used to promote cross-sectoral and multi-scalar collaboration, facilitate the integrated management of sectors and resources, foster partnerships between governments and industry, encourage R&D in new technologies in resource use and management, and scale-up innovative financing mechanisms in the development of a Blue Economy. Also, the book will contain in-depth case studies that illustrate how locations, of differing climates, lifestyles and income levels, have implemented technologies to facilitate the development of the Blue Economy. Developing the Blue Economy will provide an accessible resource for practitioners and researchers working in the field on the various innovative technologies being implemented around the world to create a Blue Economy.

This report explores the growth prospects for the ocean economy, its capacity for future employment creation and innovation, and its role in addressing global challenges. Special attention is devoted to the emerging ocean-based industries.

As humanity enters the Anthropocene epoch the oceans are more at risk than ever before as a result of the increased exploitation of its resources. The Indian Ocean is the third largest ocean in the world comprising 20% of the water on the Earth's surface. The sea lanes in the Indian Ocean are among the busiest in the world with more than 80 percent of global seaborne trade in oil transiting through the Indian Ocean and its vital chokepoints and an estimated 40% of the world's offshore oil production comes from the Indian Ocean. The importance of this region cannot be underestimated and there is no doubt that there are many opportunities for economic growth and job creation presented by the waters washing the shores of the Indian Ocean Rim. In order to ensure a desirable future for humanity it is necessary to make use of the ocean’s resources in a sustainable and responsible manner. Climate change is affecting the Indian Ocean negatively, placing a strain on the ability to ensure food security and damaging the economies of small island states that depend on fisheries and aquaculture for their livelihoods. Increasing ocean temperatures and ocean acidification are taking a toll on ecosystems. This book is the first of its kind, providing fresh insights into the various aspects and impacts of the Blue Economy in the Indian Ocean Region: from shifting paradigms, to an accounting framework, gender dynamics, the law of the sea and renewable energy, this handbook aims at increasing awareness of the Blue Economy in the Indian Ocean Region and to provide evidence to policy-makers in the region to make informed decisions. The contributions are from a mixture of disciplines by scholars and experts from seven countries.

A global blue economy is an economic arena that depends on the benefits and values realized from the coastal and marine environments. This book explains the "sustainable blue economy" as a marine-based economy that provides social and economic benefits for current and future generations. It restores, protects, and maintains the diversity, productivity, and resilience of marine ecosystems, and is based on clean technologies, renewable energy, and circular material flows.

Research Paper (postgraduate) from the year 2020 in the subject Law - Comparative Legal Systems, Comparative Law, grade: 4.65, , course: Law, language: English, abstract: The paper reviewed and analyzed the importance and principles of blue economy. The paper identified the challenges of blue economy and possible solutions. The ability to maintain the marine environment to provide jobs and nutrition on long term is being threatened by human economic activities and development approaches. The blue economy was initiated to provide services and values that are beneficial to local communities, coastal states and the world at large. Blue economy is an integration of sustainable development and growth which involves every aspect of national and global governance, economic development, environmental protection and sustainability. The basis of blue economy is to achieve long term prosperity by a country befitting the wellbeing of all citizens and mankind preserving the environment, especially the oceans. The earth surface is covered by water and as such the fact that the oceans and seas matter for sustainable development is an undeniable fact. This paper is aimed at analyzing the concept of blue economy as an instrument for protecting marine environment and ensuring sustainable development.

The ocean is a major source of income for many coastal nations, particularly in the developing world. Economic benefits from the ocean in the long-term depend on its wise science and technology-based management. The intersection of science, technology, and economy are most obvious in nations' coastal zones. This book highlights the need for the application of ocean science and technology for best economic outcomes. It gives examples of ocean resources and the threats to them from climate change and other human interventions, as well as provides information on the available ocean research and observation tools to monitor their impact as well as on the related internationally available opportunities for capacity development.