“Blue economy” is an economic term linked
to exploitation and conservation of the maritime
environment and is sometimes used as a synonym for
“sustainable ocean-based economy.” There is, however,
no consensus on the exact definition and the field of
application depends on the organization that uses it.
The United Nations (UN) first introduced “blue
economy” at a conference in 2012 and underlined
sustainable management, based on the argument that
marine ecosystems are more productive when they
are healthy. This is backed up by scientific findings,
showing that the earth's resources are limited and that
greenhouse gases are damaging the planet. [...]
The UN specifies Blue Economy as a range of
economic activities related to oceans, seas and coastal
areas, and whether these activities are sustainable
and socially equitable. An important key point of
Blue Economy is sustainable fishing, ocean health,
wildlife, and stopping pollution. [...]
The OECD describes the ocean as the next great
economic frontier as it holds potential for wealth and
economic growth, employment and innovation.