The Blue Economy: Sustainable Development of Ocean Resources
The Blue Economy emphasizes marine-based economic development while promoting social equity and environmental sustainability. It involves utilizing oceans for economic growth, job creation, and poverty alleviation while safeguarding marine ecosystems. Key components include prioritizing human needs, ensuring ecosystem sustainability, and adopting a system approach with sustainability standards.
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Presentation Transcript
The Blue Economy Transport and Freight Logistics TSO Built Environment By Simone Smith-Godfrey Senior Researcher - TFL 1
Contents Background Definition Minimum Criteria Components Sectors Growth Areas 2
Background to the Blue Economy Globally economic relationships with the oceans are evolving. Currently the setting for international commerce and transport, a significant source of food and energy, the oceans contribution to countries are already important. Growing familiarity with the oceans environment, new technologies for ocean resource exploitation, longer- term growth and demographic trends, food security and alternative sources of minerals and energy, increased seaborne trade as well as rapid coastal urbanization are drivers of the evolving relationship globally through new national ocean development plans, governments are focusing on the oceans for a source of jobs, innovation and competitive advantages This gathering trend of expansion and acceleration of human activity in and around the ocean, is seen as the industrialization of the oceans. blue economy concept has its origins in the broader green movement and describes a sustainable balance between economic growth and ocean health 3
Definition of the Blue Economy Working Definition SIDS Concept Paper, World Bank Marine-based economic development leading to improved well-being and social equity, whilst reducing environmental risks and ecological scarcities. Reframing the oceans as development spaces subject to spatial planning Incorporating the value of the oceans into economic decision making Establishing policies that favour low-carbon, resource-efficient, and socially inclusive development Prioritizing the use of the oceans to benefit people, alleviate poverty, generate employment and promote equity Decoupling socio-economic development from environmental degradation Improving relevant international law and governance mechanisms 4
Minimum Criteria for a Blue Economy Human needs are addressed securing need for food, water, energy, materials, recreation and health, as well as jobs, livelihoods, community life and political stability Ecosystem sustainability ensuring that resources are grown, harvested, processed, used and recycled in a way that promotes improvement of the biodiversity and productivity of the supporting environment System approach applying tools of systems thinking, modelling and integrated planning inclusive of inter-linkages between and among different economic activities and ecosystems Sustainability standards following global standards and guidelines for sustainable business operations, investment and development, with margin for continuous refinement and improvement 5
Components of the Blue Economy Established Industries Emerging Industries Type of Activity Ocean Service Growth Drivers Fisheries Aquaculture Population Growth, Coastal Urbanization, Food Security Demands, Seafood Demand Food Security Harvesting of living Resources Pharmaceuticals Marine Bio-technology Healthcare, Medical Industry, Beauty Industry, Cosmetic Industry Chemicals Heavy Industries Demand for Minerals Manufacturing Industry Demand Extraction of non- living Resources Deep Sea Mining Minerals Seabed Mining Metals Existing Energy Demand, Oil & Gas Derivative Products Demands Oil & Gas Derivative Products Oil and Gas Exploration Energy Demand, International Energy Regulation Energy Renewable Energy Generation of new Resources Alternative Energy Wave Energy Existing Fresh Water Demand, Water Stocks, Water Management Water Desalination Electrochemical Mediation Shipping, Ports Infrastructure & Services Energy Source Changes, Cabotage Transport and Trade Growth in Seaborne Trade, International Regulations, Globalization Commerce and Trade Growth in Tourism, Urbanization, Preservation & Conservation Demands Tourism and Recreation Tourism and Coastal Development Eco-Tourism, Marine Real Estate, Marine Heritage R & D in Ocean Technologies Ocean Technologies Ocean Monitoring & Surveillance Information Technologies Response of Ocean Health International Carbon Regulations National Carbon Regulations National Security Blue Carbon Carbon Sequestrations Growth in Tourism, Urbanization, Preservation & Conservation Demands Cabotage, Habitat Protection & Restoration Wreck Removals & Restoration, Pollution & Waste Technologies Coastal Governance 6 Ocean Pollution Salvage & Towage
Blue Economy Sectors Coastal Tourism Marine Mining Offshore Oil and Gas Aquatic Production Deep Sea Shipping Short Sea Shipping Desalination Yachting and Marinas Biotechnology Blue Economy Monitoring and Surveillance Ferry Services Offshore Energy Cruise Tourism Coastal Protection Fisheries Inland Waterways Real Estate Inland Waterways Transport 7 Inland Waterways Tourism
Blue Economy Growth Focus Areas Tidal Barrage Wave Energy Ocean Thermal Energy Conversion Blue Energy Inland Transport Inland Infrastructure Inland Services Inland Real Estate Inland Navigation and Traffic Management Inland Marinas and Yachting Inland Waterways Food Security Animal Feed Aquaculture Blue Economy Growth Focus Areas Maritime Heritage Passenger Ferry Infrastructure and Services Shoreline Activities Open Water Activities Marine, Coastal and Cruise Tourism Blue Bio- Technology Gene Sequencing Technologies Marine Mineral Resources Shallow Water Mining Deep Sea Mining 8
Thank you 9 SSmith1@csir.co.za
