Knowledge Hub
What is Blue Economy
Blue Economy refers to the sustainable use, management, and conservation of oceanic, coastal, and inland aquatic resources including seas, coasts, rivers, and lakes in order to promote economic growth, food security, employment, and climate resilience while ensuring the health of ecosystems and the rights of local communities. It encompasses a wide range of sectors such as fisheries and aquaculture, ports and maritime transport, coastal and marine tourism, marine renewable energy, seabed mining, marine biotechnology, maritime services, and nature-based coastal protection.
As a development framework, Blue Economy advances a holistic approach that balances economic utilization of aquatic resources with environmental stewardship. It recognizes that oceans and other water bodies are critical natural capital assets that, if managed sustainably, can drive inclusive growth while maintaining ecological integrity. This approach underscores the need for rational and sustainable exploitation of both renewable and non-renewable aquatic resources, ensuring the long-term viability of aquatic ecosystems and the prosperity of the communities that depend on them.