Blue economy initiative The report finds that the blue financing gap—which needs to be closed to sustainably tran-sition to the blue economy—is most ASEAN Regional Webinar Series on Sustainable Blue Economy: Session 3 Financing the Sustainable Blue Economy in ASEAN Region: Opportunities and lessons learned from emerging initiatives Co-organized by: blue economy (Academy of Sciences Malaysia, 2022). The resilience of India’s Blue Economy was seen during the pandemic. Healthy oceans are a key priority of ADB’s Strategy 2030. Creating a truly sustainable, inclusive blue economy requires joined-up thinking from governments across the Mediterranean. Nyundo shared that in 2020, the major blue economy sectors contributed USD 7. They have the potential to be part of climate solutions, create more opportunities for coastal and inland communities, and contribute to a more sustainable and prosperous blue economy. R. Steven Renzetti and Diane Dupont, and award-winning In January 2021, NOAA released its Blue Economy Strategic Plan for 2021-2025, laying out a roadmap for new ways to advance America’s Blue Economy and enhance the global ocean economy. The peninsula got its current name in 1602 from Bartholomew Gosnold, an English explorer who was awed by the The ocean influences the livelihoods of about 40% of the world’s population living at or near the coast, and its contribution to current and future economic growth is significant. As of June 2022, it brings together a community of practice of over 70 pioneering institutions with a total asset size of over $11 trillion to build ing possibilities for the blue economy—specifically for the SMEs closely addressing ocean health, community needs, and climate risk. Vietnam Vietnam is a relatively new In addition to the InvestEU Blue Economy program, the EIF also manages on behalf of the Portuguese national promotional institution, Banco Português de Fomento (BPF), the Portugal Blue initiative a €50 million equity partnership to support Portuguese. Its features include an online community, investment readiness assistance for companies, investor engagement, events, an academy and a projects pipeline. Goal 14, labelled Life Below Water, c In 2021, the Commission introduced a new approach for a sustainable blue economy in the EU. The ‘blue growth’ initiative launched by the Food and Agriculture Organisation (FAO) is nested in the ‘blue economy’ initiative and is particularly aimed at the long-term sustainability of fisheries and aquaculture (FAO 2017). (2019) or De Backer (2017 Editor's note: The Third China-Indian Ocean Region Forum on Blue Economy Development Cooperation was held in Kunming, Yunnan province from Dec 15 to 16. “Sustainable ocean economies are about economic development,” says Mari Pangetsu, the World Bank managing director of development policy and partnerships, speaking at the 2022 United Nations Ocean Conference. Blue Economy The Blue Economy is vital to our nation because: 1) health and resilience of our ocean are critical to our economy and our lives; and 2) a robust Blue Economy enhances our nations leadership and competitiveness by strengthening our national, economic, food, energy, and environmental security. Dwyer also identified the significance of the global marine economy as the sum of the marine-based industrial economic activities as well as marine ecosystem assets, goods and services, including Blue Economy Subcommittee Blue Economy Subcommittee Meeting: February 5-6, 2020, Houston, TX Meeting Agenda (pdf) Charge to Members (pdf) Accelerating Growth of U. It Dwyer also identified the significance of the global marine economy as the sum of the marine-based industrial economic activities as well as marine ecosystem assets, goods and services, including PDF | The Blue Economy, also referred to as the ocean or maritime economy, This developing world initiative is already declared the future of Africa by the African Union The mode of data collection includes documents that refer to the blue economy or any other relevant existing marine initiative, blue agenda, blue growth, and ocean governance in each member state. Ongoing efforts will be directed towards realising a comprehensive national blue economy blueprint for Malaysia, aligning with the national aspirations outlined in the 12 th Malaysia Plan. With funding from the European Commission, the United Nations Environment Programme Finance Initiative (UNEP FI) hosts the Sustainable Blue Economy Finance Initiative. In ASEAN, the Blue Economy's contribution to GDP varies widely, ranging from 1% to as high as 30%. 5 trillion (tn) and directly provided 31 million (mn) jobs in 2010, primarily in fisheries, maritime and coastal tourism, offshore oil and Blue Economy can help India fulfil its goal of becoming a 10 Trillion $ economy by 2032. Welcome to the Sustainable Blue Economy Finance Initiative, a UN-convened. In 2011 the European Commission adopted an Atlantic Maritime Strategy in response to repeated calls from stakeholders for a more ambitious, open and effective cooperation in the Atlantic Ocean Area. 5 trillion, ocean -linked sectors, or the ‘blue economy’ is equivalent to the world’s 7th largest economy. Heart Freshwater Center Hidden History of Lake St. Inclusion of these events does not constitute endorsement by BEI or its partner organizations. (UNEP FI) convenes the Sustainable Blue Economy Finance Initiative (hereafter referred to as “the Initiative”). Learn how innovative global businesses are working together to protect, restore and support the ocean and the blue economy. Signatories gain all the benefits of membership and more. Our long-term vision is for Canada to have a prosperous future as a global leader in water Reflections for the operationalization and sustainability of the initiative based on the blue economy The blue economy presents the idea of integrated management of marine spaces. The new approach aligns marine activities with the goals of the European Green Deal and promotes consistency among blue economy economy can only be achieved through a sustainable blue economy; increasing their share of benefits from marine resources, ensuring ecologically sustainable use of these resources and UNDP’s ambition is to support a global blue economy that sustainably utilizes ocean resources for inclusive and sustainable development. 160 financial institutions representing 15. 1 Participation Join community of practice meetings and calls. S. The 17 goals provide a global blueprint for peace and prosperity of people and the planet and are set to be achieved by 2030. This is also detailed in UNDP’s Ocean Promise and its What is the ”Blue Economy?” • The World Bank defines the Blue Economy as “the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while Marine pollution is a well-recognized phenomenon that has many negative effects on the marine environment. Several policies are related to the fisheries and aquaculture sector, e. We invite financial institutions and organisations to join this leadership initiative Programme (UNEP) as a basis for a new Sustainable Blue Economy Finance Initiative under the UNEP Finance Initiative. 2 billion to the country's Gross Value Added (GVA) and employed approximately 2 million people. NOAA’s data, tools, and services that support coastal economies and their contribution to the national economy touch all aspects of American life. Within the EU and regionally through the Barcelona Convention, we support ecosystem-based maritime spatial planning and integrated coastal zone management. 0 is not just an initiative intended to promote economic growth but it is a new model where innovation and sustainability drive the marine sector. org 14 Blue economy initiatives and SDG 14 EAS Congress Great Blue Wall initiative is a testament to such collaboration for a regenerative blue economy. The event will include presentations and networking sessions, exploring three pillars: S3 and place . Together, these ideas— synergy , innovation , Accelerating Growth of U. Building on the vision of leading banks, insurers and investors, UNEP FI’s Sustainable Blue Economy Finance Principles provide a guiding framework for sustainable finance of ocean BLUE ECONOMY –DEVELOPMENT OF SEA RESOURCES FOR BANGLADESH ---Rear Admiral Md. 1. ) Oceans cover 72% of the surface of our blue planet and constitute more than 95% of the biosphere. Join us Through the Sustainable Blue Economy Finance Initiative’s Seafood Finance Working Group, co-convened with WWF, UNEP FI has developed this manual to support financial institutions in implementing the Turning the Tide and Diving Deep sector guidance, and setting targets for the Sustainable Blue Economy. the National Agrofood Policy, 2021–2030 (NAP 2. India’s Maritime Amrit Kaal Vision 2047 is a flagship initiative aiming to modernise Welcome to the website for the Blue Economy Development Index (BEDI). Through their exclusive economic zones, they control about 30% of all oceans and seas. Combining strengths in traditional maritime industries like shipbuilding, fishing, and seafood processing with growing coastal tourism, advanced technology, and business and professional services, the Mississippi Gulf Coast boasts the nation’s third highest concentration of blue economy jobs. Small Island Developing States (SIDS) are the custodians of much of the world’s oceans. Commitment: Agree to adopt the 14 Sustainable Blue Economy Finance Principles. Reshaping Blue Economy In India: Initiating A Discourse Chapter 1 Blue Economy: India’s pathway to sustainable, secure, and resilient economy 2 Chapter 2 Transitioning from a ‘brown economy’ to A ‘Blue Economy’: challenges and opportunities for India 11 Chapter 3 Meeting in the middle: a knowledge-based approach to Blue Economy 19 2. The absence of sufficient communication between countries in the African region make the new Moroccan blue economy vision not visible or somewhat ambiguous. Through this action brief, UNDP seeks to strengthen the knowledge base of the blue economy, challenge views on How the Blue Economy Can Transform Sustainable Development in Small | The Blue Economy With an annual economic value estimated at USD$2. The Macomb County Blue Economy Initiative is all about promoting the sustainability of this World Class Freshwater Economy/Ecology/Place! The history of Cape Cod’s economy relates directly to the surrounding bodies of water (the Blue in Blue Economy) and the marine life therein. Your portal to a Sustainable Blue Economy in the western Mediterranean Previous Next The WestMED Initiative has been created to help public institutions, academia, local communities, small and medium-sized enterprises and entrepreneurs from both sides of the western Mediterranean develop local and regional maritime projects to strengthen the Sustainable Blue Oceans are vital to the livelihoods of communities across Canada. Blue Economy Finance Initiative. 0 through the introduction of a Blue Economy (SBE) Finance Principles. Blue Economy conceptualises Oceans as Development Spaces. Note this is a Mon/Tue and occurs during NCSU’s Fall Break. This chapter presents an overview of India’s blue economy, including its diverse There is no unique definition for the term Blue Economy. Dr Jitendra Singh said that the Deep Ocean Mission is part of Government of India’s Blue Economy initiative. 3 1. In his paper titled “Opportunities and Challenges in Harnessing FAO’s Blue Growth Initiative FAO’s Blue Growth Initiative seeks to maximize economic and social benefits, while minimizing environmental degradation across sectors related to fisheries and aquaculture. 5 USD trillion combined assets call for an ambitious international treaty to end plastic pollution. For this reason Story about how Unleashing the Blue Economy of the Caribbean Project (UBEC), a 15-year, $90 million initiative funded by the World Bank and the multi-donor ocean trust fund PROBLUE, is empowering female entrepreneurs. In 2019, the principles became part of a new initiative under the umbrella of UN Environment, called the Sustainable Blue Economy Finance Through regeneration, we ensure that the blue economy doesn’t just take from the ocean but helps it flourish, creating a healthy and resilient environment for future generations. As part of the Great Blue Wall initiative, the goal is to safeguard 30% of the countries' Exclusive Economic Zones by 2030, focusing on achieving a net gain in critical The Blue Economy Initiative (BEI) is a national project founded by Canadian Water Network, the Royal Bank of Canada, and the Walter and Duncan Gordon Foundation. Introduced in 2014, it strives to foster balanced development while safeguarding The Blue Economy has emerged as a compelling strategy for safeguarding inland water and ocean resources while fostering economic growth. 1,137 likes. The Ocean 100 Dialogues initiative is convening leaders across the Powering the Blue Economy Initiative Expanding demand for ocean-derived food, materials, energy, and knowledge is driving rapid growth in the emerging "blue economy. 2 Billion $. ; About. 2. The strategy, consistent with the EU 2020 agenda and its flagship initiatives, grouped the identified challenges and Careful definition and illustrative case studies are fundamental work in developing a Blue Economy. The blue economy is rising. are home to over 127 million people, 40% of the population. In News. The Blue Economy Initiative (BEI) invited Hanspeter Schreier and Chris Wood to outline opportunities for Canada to employ strategic approaches and tools to leverage existing water resources. Macomb County Water, Parks, and Natural Resources. Saudi Arabia’s ambassador to the United States, Princess Reema bint Bandar bin Sultan bin Abdulaziz, underscored Saudi Arabia’s dedication to enhancing the blue economy and preserving marine environment during her participation in the eighth edition of the Future Investment Initiative (FII) in Riyadh. It requires a lot of coordination and consultation and requires a holistic and participatory approach including the dimension of social progress in the sustainable use and management of maritime resources in Here he heads the United Nations’ Sustainable Blue Economy Finance Initiative, bringing together banks, insurers and investors to align their activities with a sustainable ocean economy and SDG 14 – Life Below Water. 0), which was launched to focus on efforts to improve the country’s food security. FINAL REPORT July 2022 Raaymakers, S. Clair Macomb County Planning and Economic Development Parks and natural The Ministry of Economy Malaysia and Maritime Institute of Malaysia (MIMA) jointly organised a two-day workshop aimed at advancing the development of a comprehensive national blue economy blueprint for Malaysia. Give input to discussions and work programme. Affairs, NIIA, where he pointed out that the NIIA has a critical role to play for Nigeria to harness the blue economy initiative. In 2019, the American blue economy grew faster than the nation’s economy in its entirety, supporting 2. Both events underscore the idea of Blue Economy. Also, in December 2022, India and Indonesia organized the 4th ASEAN-Indian Blue Economy Workshop. , Boston Common Asset Management, Fishing Accelerator, Greenbackers Investment Capital, International Capital Market Association, Ocean Phakisa as a blue economy initiative could support South Africa’s inclusion in organisations such as the High Level Panel for a Sustainable Ocean Economy and attract investments At the BlueInvest Days 2022 in Brussels, Commissioner Virginius Sinkevičius and European Investment Fund (EIF) Deputy Chief Executive, Roger Havenith have announced a new dedicated equity initiative for the blue Mangroves, Madagascar. Report to UNDP. The UNEP Sustainable Blue Economy Finance Initiative was established with the aim to redirect financial flows and accelerate the transition to a sustainable blue economy. “That means maintaining our February 2024 Executive Summary Scoping Study on Blue Economy Opportunities in Mozambique Unlocking business solutions that benefit people,2 1. We and the coastal communities receive multiple benefits from marine habitats (coastal protection, fish production, tourism etc). Dhowan and Viswapati Trivedi committee: In 2018, Niti Aayog had set up a committee under R. The NC State Blue Economy Innovation Program is happy to announce the 4th annual “Creating Solutions for the Global Blue Economy” workshop at History Museum of Carteret SUSTAINABLE BLUE ECONOMY FINANCE INITIATIVE REPORT JUNE 2022 - 2023 a resilient blue economy in Latin America and the Caribbean. Introduced in 2014, it strives to foster balanced development while safeguarding He highlighted the immense potential of the blue economy, its contribution to Tanzania’s economy, and the gaps that still exist in the blue economy industry. We’re engaging with policy-makers at various levels to make that happen. THE ACCELERATOR By November 11, The Blue Economy Initiative had launched their report titled ‘Running Through Our Fingers’, which they describe as “an attempt by two of Canada’s best environmental economists, Drs. Khurshed Alam (Retd. UNIDO and its The blue economy is an important sector, providing employment and food to millions. [1] Global ocean-based activities are estimated to have generated USD1. Geneva, 19 April 2024 – One hundred and sixty financial institutions and. The mission, said the Minister, heralds India’s ushering into an era of “Blue Economy” which is going to play a major part in building India’s overall economy during the years to come. UNEP’s ‘Sustainable Blue Economy Initiative’ aims to facilitate sustainable ocean-based economic, social and environmental benefits within the planetary boundaries of the ocean, coasts and inland waters. This new IUCN report, Towards a regenerative Blue Economy – Mapping the Blue Economy , seeks to map the evolution of the blue economy concept and propose a definition and principles Blue Economy - the next economic frontier that can transform sustainable development in Sri Lanka Sri Lanka has historically shared an intimate bond with the ocean, but the potential of the country’s Blue Economy is yet to be realised. Trust fund resources are The Go Blue Project is a joint initiative to advance the Blue Economy agenda across all six counties in Kenya’s coastal region namely, Kilifi, Kwale, Lamu, Mombasa, Taita Taveta and Tana River, with the support of the European The Blue Economy initiative attained the world’s attention with its prosperous vision of providing a holistic solution to achieve sustainable development on oceans in this new ocean era. It brings together the entire continent under one umbrella program to advance Blue Economy in Africa through policy dialogue, finance, and knowledge transfer. 5 Sustainable Blue Economy Finance Initiative • UN-led global community of banks, insurers, investors, international organisations, scientists and researchers • Expert network designed to catalyse change, share best practices, practical tools It is important to stress that the blue economy initiative hinges on sustainability of ocean resources, which requires the efforts of all and sundry to attain it. Photo by Ian Taylor/Unsplash. So far, over 70 public and private companies representing USD 11 trillion in total asset have joined the Initiative. 5 USD trillion combined assets call for an ambitious international treaty to end plastic pollution Geneva, 19 April 2024 – One community voices “The North Shore Blue Economy initiative is an exciting opportunity to bring together the diverse perspectives of cross-sector leaders to focus a path toward sustainable economic development on the North Shore. The aim The Blue Economy initiative within the Indian Ocean Rim Association (IORA) has emerged as a pivotal force, driving sustainable socio-economic growth among its member nations. Highlights. g. The fisheries potential of Kenya's Indian Ocean share of the 142,400km2 Exclusive Economic Zone (EEZ) is 150,000-300,000mt per annum, contributing about 10% of the national fishery production. Dhowan and Viswapati Trivedi to draft a National Maritime The DG for Regional Policy of the European Commission and the S3 CoP Secretariat, in partnership with Emilia-Romagna Region and with the support of the Municipality of Rimini and Palacongressi di Rimini, are organising the highly anticipated S3 Conference. The United Nations estimates that by 2030, the Blue Economy could contribute USD Since 2019, the Principles have been embedded in the Sustainable Blue Economy Finance Initiative (SBEFI), hosted by UNEP FI. Through the Sustainable Blue Economy Finance Initiative’s Seafood Finance Working Group, co-convened with WWF, UNEP FI has developed this manual to support financial institutions in implementing the Turning the Tide and Diving The blue economy aims to achieve similar goals to that of the Rio+20 Green Economy Initiative. Recognising the Washington Maritime Blue is committed to the development of maritime business, technology, and practices that promote a sustainable future contributing to economic growth, ecological health, and thriving communities. NOAA’s data, tools, and services that Sustainable Blue Economy Finance Principles 1. The initiative is committed to accelerate the transition of green shipping regarding “Fit for 55” Part of Transatlantic Blue Economy Initiative The Role of Ocean Clusters in Growing the Transatlantic Blue Economy Posted date/time : December 16, 2021 By Michael Conathan Share Share via Email Share on Facebook Share on LinkedIn Share on X Print The United States is an ocean nation with a growing Blue Economy. Nordic countries have taken it upon themselves to pollute as little as possible in the shipping field. But the sector is seriously underfunded and doesn’t receive as much attention as it should. This process entailed verifying whether member states have any framework for operationalizing the BE concept. 5 USD trillion combined assets call for an ambitious international treaty to end plastic pollution Geneva, 19 April 2024 – One The EESC recognises the need to expand the initiative in the following three ways: besides the chosen areas of action in the specific initiative – (1) a safer and more secure maritime space, (2) a smart and resilient blue economy and the focus on skills In addition, ADB and EIB will develop joint technical assistance programs and advisory support to help partners get sustainable blue economy and clean oceans projects off the ground. The Blue Economy initiative attained the world’s attention with its prosperous vision of providing a holistic solution to achieve sustainable development on oceans in this new ocean era. The Borgen Project revealed that this measure was to support sea cucumber aquaculture. Between April 2021 and February 2022, India recorded exports worth 7. In 2021, it released the Draft National Policy for Blue Economy aiming to enhance the GDP contribution of the ocean economy, improve the lives of coastal communities and preserve marine biodiversity. " Blue economy industries, such as aquaculture, are moving further 5 | P a g e Foreword 1. Signatory We encourage financial institutions to take action, and join as signatories, committing to align their activities with the Principles. Life originated in the oceans and they continue to support all life today by generating oxygen SADC Executive Secretary has commended the Republic of Seychelles for spearheading the Blue Economy Initiative, and called upon SADC Member States to evaluate the Blue economy initiative and come up with focused strategies which will embrace the Blue WestMED Western Mediterranean Blue Economy Initiative WWF World Wildlife Fund Executive summary A Sustainable Blue Economy for the Mediterranean: Challenges, Opportunities and Policy Pathways 17 Over the last decades, economic activ-ities based Research, development, and deployment of marine energy technologies for blue economy applications has the potential to expand access to power for remote, coastal, and island communities and improve capabilities to study the ocean. The forum, themed "Future of the Blue Water pollution and its impact on the Blue Economy initiative: A lesson learned from the Kenyan Coast Eric Okuku ,* Gilbert Owato, Catherine Mwalugha, Veronica Wanjeri, Linet Kiteresi, Stephen The blue economy refers to the sustainable utilization of ocean and coastal resources for economic growth, improved livelihoods, This initiative strives to solve coastal erosion, pollution 5 Sustainable Blue Economy Finance Initiative • UN-led global community of banks, insurers, investors, international organisations, scientists and researchers • Expert network designed to catalyse change, share best practices, practical tools and resources and Two priority areas have been selected for deliberations; Blue Economy and Responsible Artificial Intelligence (AI). pemsea. English version of Annex 1 attached to the declaration by the ministers from the participating countries in the Initiative for the Sustainable Development of the Editor's note: The Third China-Indian Ocean Region Forum on Blue Economy Development Cooperation was held in Kunming, Yunnan province from Dec 15 to 16. The Blue Economy vision is ‘To develop a Blue Economy as a means of realising the nation’s development potential through innovation and knowledge-led approaches, being mindful of the need to conserve the integrity of the Seychelles marine environment and Blue economy refers to the sustainable use of marine resources for exploration, economic growth, improved livelihoods, and transport while preserving the health of marine and coastal ecosystems Source: DTE Why in News? The recent presentation of the Interim Budget included a significant emphasis on advancing Blue Economy 2. Union Minister of State Science & Technology said that the Government of India’s Vision of New India by 2030 enunciated in 2019 highlighted the Blue Economy as the sixth dimension of its vision. 2: The World Bank: BlueInvest is a European Commission initiative that aims to improve access to finance and investment readiness for start-ups, early-stage businesses and SMEs active in the Blue Economy. Although there is no agreed definition or proved good practice, different economies have started some tentative practices to figure out a pathway towards a Blue Economy. The blue economy aims to achieve similar goals to that of the Rio+20 Green Economy Initiative. Founding Signatories of the Principles These pioneering organisations were the founding Singatories of the Sustainable Blue Economy Finance Principles: Alimentos Ventures, Aloe Private Equity, Althelia Ecosphere, Bonafide Ltd. K. During a panel discussion titled ‘Can the Ocean Economy The 4th Annual Creating Solutions for the Global Blue Economy Workshop will be held in Morehead City on October 14-15, 2024. 37 million km2 and a land area of just 455 km2, [] The concept of Blue Economy 2. The effects of marine pollution are due to the discharge of The outcomes of the EGM represent a significant milestone in aligning Blue Industry initiatives with the UN’s 2030 Agenda for Sustainable Development. In January 2021, NOAA released its Blue Economy Strategic Plan for 2021-2025, laying out a roadmap for new ways to advance America’s Blue Economy and enhance the global ocean economy. . , 2022. defined in Bilsen et al. Reporting Report to the Secretariat (annually) how the organisation plans to support blue economy finance. Members of the Sustainable Blue Economy Finance Initiative (the Initiative) may also use this framework in reporting against the SBE Finance Principles, though it is not required (see Who is expected to report). Gulf Blue Initiative unlocks the talent of the community, aligns the regions innovation and research capabilities, If you are working in the blue economy, you will not find another location with greater access to resources or a higher Welcome to the Sustainable Blue Economy Finance Initiative, a UN-convened Highlights 160 financial institutions representing 15. Our cluster Download here the key documents of the WestMED Blue Economy Initiative. The planning committee of the policy framework identified priority areas that India needs to develop in order to establish a successful blue economy. Regional Review: Ocean Health for Ocean Wealth - Seascape Mapping of Sustainable Blue Economy in Pacific SIDS. The blue economy advances the same desired outcome as the Rio +20 Green Economy Initiative like “improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities” (Blue Economy Concept Paper Mississippi’s innovative Blue Economy is one of the strongest in America. Blue economy, through sustainable use of oceans, has great potential for boosting economic growth by providing opportunities for income generation and jobs, etc. Discover more on our project: BF-TRI Find out about the Blue Energy Futures Lab Scroll to Top Services & help Current students Library Accommodation Blue Economy Blue Economy initiative focuses on environmental stewardship, economic development and quality of life. These resources include; Dr Jitendra Singh said that the Deep Ocean Mission is part of Government of India’s Blue Economy initiative. The forum, themed "Future of the Blue Indian Ocean — Development Practice of the Global South", was jointly organized by the China International Ultimately, the blue economy concept recognises that a healthy ocean underpins a healthy economy, and that therefore the two must be integrated. To support Africa coastal countries leverage the opportunities and managing the risks of their blue economies, the World Bank created the Blue Economy for Resilient Africa program (BE4RAP). Introduction The Ocean is fundamental to life on our planet and to our future and a vital engine of economic development. The Powering the Blue Economy initiative seeks to understand the power requirements of emerging coastal and maritime markets and advance technologies that could integrate marine renewable energy to relieve these UNEP’s ‘Sustainable Blue Economy Initiative’ aims to facilitate sustainable ocean-based economic, social and environmental benefits within the planetary boundaries of oceans and In 2015, all United Nations Member States adopted a development policy on sustainability which centers around the 17 Sustainable Development Goals (SDG). In the narrowest sense, the term Blue Economy refers to the collection of a number of economic sectors connected to the ocean, seas and coasts, as e. Protective We will support investments, activities and projects that take all possible measures to restore, protect or maintain the diversity, productivity, resilience, core functions, value Sustainable blue economy vital for small countries and coastal populations With the livelihoods of about 40 per cent of the world's population living at or near a coast, it is important for strengthening sustainable ocean-based economies, managing coastal ecosystems. Study objectives and research process • The Great Blue Wall (GBW) Initiative was launched in 2021 with the objective of creating an Africa-driven response to the interconnected impacts of A key Blue Economy initiative for ANCORS is the Blue Futures Translational Research Initiative (BF-TRI). Coastal communities in the U. As Chair of SAI20, India's CAG aims to help create a framework for G20 nations to ensure inter-generational equity and mitigate climate change while developing ocean resources . Blue Economy: Initial Recommendations — An Interim Report Blue Economy Subcommittee of NOAA Ocean Exploration Advisory Board (pdf) Read Aheads DRAFT: NOAA’s Leadership of the The blue economy is crucial for India’s sustainability. Maritime Institute of Malaysia Lot 16-01, Level A BLUE ECONOMY INITIATIVE Blue Tech Accelerator Program Launching in early 2021, the Blue Tech Accelerator Program will provide access to mentoring, program management, seed funding, and critical maritime infrastructure. It can support food security and diversification to address new resources for energy , new drugs , valuable chemicals, protein food, deep-sea minerals, security, etc. The Konrad-Adenauer-Stiftung USA (KAS) and the Wilson Center’s Global Europe Program partner and propose the creation of a joint “Transatlantic Blue Economy Initiative” that would enable key decision-makers and policymakers in the United States and the Seychelles Blue Economy Roadmap (2018) Seychelles Blue Economy Roadmap (2018) slide player With an Exclusive Economic Zone (EEZ) of 1. Several SIDS have already adopted national Blue (Ocean) economy strategies. Along this path, since 2014 he has been co-organizing SEAFUTURE (the largest and most international-oriented Italian business convention in the Blue Economy, at its 8 th edition in 2020), and is co-founder and shareholder of Italian Blue Growth srl (IBG) for the Welcome to the Sustainable Blue Economy Finance Initiative, a UN-convened Highlights 160 financial institutions representing 15. The blue economy advances the same desired outcome as the Rio +20 Green Economy Initiative like “improved human well-being and social equity, while2012). Financial Institutions provide the financing, investment and For Prelims: International Union for Conservation of Nature, Regenerative Blue Economy, Blue Economy, Circular economy, Blue Carbon, Great Blue Wall Initiative, Maritime India Vision 2030 For Mains: Significance of the Blue Economy, Challenges Related to Regenerative Blue Economy, Steps taken by the Government to Promote the Blue Economy. Sri Lanka stands to gain The “blue economy” or “sustainable ocean-based economy” comprises several economic and governmental sectors whose primary objectives are to responsibly boost economic and social development to guarantee the long-term sustainability of the seas and India, too, has launched several bold new initiatives to promote the development of the national Blue Economy, such as the Sagarmala initiative, launched in 2016, for fostering port-led development; the Pradhan Mantri Matsya Sampada Yojana, established in One of its significant examples of China’s small-scale blue economy initiative includes the restoration of seagrass beds in Chudao. But vulnerability, asset management and coastal adaptation are still not well addressed for coastal communities and also have limited financial capacity – which hardly The Government of Sri Lanka promoted a Blue Economy initiative under the ‘Sri Lanka NEXT’ program in October 2016 which was a timely effort. The mode of data collection includes documents that refer to the blue economy or any other relevant existing marine initiative, blue agenda, blue growth, and ocean governance in each member state. The WestMED Initiative is supported by the European Commission, as a follow up to the UfM Ministerial Declaration in 2015, to help achieve a safer and more secure maritime space, create a smarter and more resilient Blue Economy and improve the maritime governance for Dennis Fritsch is the associate nature lead at The United Nations Environment Programme Finance Initiative (UNEP FI). There were some steps taken in this direction, with Blue Economy Project The Kenyan coastal and marine ecosystem makes a significant contribution to national socioeconomic development. So, when Paulina Brzezicka, a finance advisor, and Antonella Calvia-Götz, a principal concept of the blue economy and what it takes to ensure sustainability. The Economic Advisory Council to the Prime Minister (EAC-PM), in pursuance of the Honorable Prime Minister Narendra Modi’s thrust on the Blue Economy, has taken up the initiative to evolve a policy approach to the Blue Economy. Our proactive approach involves a substantial boost in the annual approval of green operations, aiming to escalate from 24% in 2020 to an ambitious 40% by T he Atlantic Strategy and the 2013 – 2020 Action Plan. As blue research expands with the world increasingly understanding its importance, policy makers This will be part of a Blue Economy study, a joint initiative taken up by the Central government and the World Bank. Page 6 of 129 (including cover) ACKNOWLEDGMENTS This Regional Review Report is an activity under UNDP’s Pacific SIDS Blue Economy Initiative, funded through The Blue Economy Initiative events page highlights activities organized by other organizations in Canada and abroad that relate to water and the economy. The Blue Economy initiative within the Indian Ocean Rim Association (IORA) has emerged as a pivotal force, driving sustainable socio-economic growth among its member nations. Blue Economy Initiative; 1: Asian Development Bank (ADB) ADB announced the “Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region” in May 2019, indicating a financial and technical assistance of USD 5 billion. Here he heads the United Nations’ Sustainable Blue Economy Finance Initiative, bringing together banks, insurers and investors to align their activities with a sustainable ocean economy and SDG 14 – Life Below Water. Blue Growth INITIATIVE Sustainably developed fisheries Editor's note: The Third China-Indian Ocean Region Forum on Blue Economy Development Cooperation was held in Kunming, Yunnan province from Dec 15 to 16. By promoting the responsible use of marine resources, it can fuel economic growth while ensuring environmental protection. Under the Blue economy initiative, the regional bloc will support its members towards improving production and trade of fish and fisheries products; increasing contribution of tourism to economic growth in COMESA; improving shipping/transportation, trade, ports Blue economy •Changwon Declaration 2012 •sustainable use of ocean resources for economic growth, livelihoods and jobs, while Clean ships initiative Solar-powered boats Green ports www. This will ensure a thriving agri-food industry that is dependent on a sustainable water management model. The BEDI is a development tool aimed at accelerating the global shift towards a sustainable blue economy by empowering archipelagic and island states with reliable information pertaining to the use of coastal and marine resources. For decades, as the seas have been degraded by human activities, UNEP has promoted the protection and sustainable management of the SUSTAINABLE BLUE ECONOMY FINANCE INITIATIVE REPORT JUNE 2022 - 2023 CAF is strategically formulating a robust blue agenda to spearhead the battle against the triple planetary crisis1 and propel the advancement of a resilient blue economy in Latin The EU’s 2013-2020 Atlantic Action Plan set out practical steps to be taken in the 4 Member States with Atlantic coasts (Ireland, France, Portugal, Spain) and their outermost regions in order to boost the Atlantic Ocean Area’s sustainable blue economy by 2020. The forum, themed "Future of the Blue India’s blue economy is a dynamic sector, transforming coastal regions into thriving economic hubs with a focus on sustainable development and environmental preservation. Together, these initiatives aim to drive sustainable economic growth and development through the responsible and strategic use of Malaysia’s marine resources. sluzihf xrtmznb slzq obbc tqks dauqi xdem lqaiz vptx pwcfkpdb