The inaugural international conference on the Sustainable Blue Economy took place in Nairobi, Kenya from November 26-28. Kenya spearheaded the organization of the conference, with Canada and Japan participating as co-hosts. India was also an active participant, highlighting its advantageous position within the Blue Economy sphere. This conference builds upon the momentum generated by the United Nations’ 2030 Agenda for Sustainable Development, the 2015 Climate Change Conference in Paris, and the 2017 UN Ocean Conference’s “Call to Action.”
Understanding the Blue Economy
The term “Blue Economy” refers to the sustainable use of ocean resources for economic growth, job creation, and improved living standards, all while maintaining the health of ocean ecosystems. It encompasses areas like maritime transport, fisheries, renewable energy, waste management, and tourism.
The Significance of the Conference
The conference succeeded in identifying the potential of the blue economy to fuel employment, battle poverty and hunger, and foster economic development that is mutually beneficial for both human societies and aquatic environments. It served as a platform for countries to share experiences and learn about the interconnectedness of economic progression and healthy waters. The event resulted in concrete commitments and practical actions that can help facilitate a global transition to a sustainable blue economy.
The Rising Importance of Developing a Sustainable Blue Economy
The effects of climate change and the rising concern over plastic pollution in oceans and waters have underscored the urgency of developing an inclusive and sustainable blue economy. Addressing these challenges not only ensures the survival of marine ecosystems but also spurs economic development and mitigates poverty.
| Issues | Global Response |
|---|---|
| Climate Change | Sustainable Blue Economy Solutions |
| Plastic Pollution | Innovation in Waste Management |
| Poverty and Unemployment | Job Creation via Maritime Industries |
India’s Role in the Blue Economy
India, due to its strategic location in the Indian Ocean Region, is primed to reap the benefits of the blue economy. Its support for sustainable, inclusive, and people-centric growth through the framework of the Indian Ocean Rim Association is a testament to this. India’s Sagarmala Programme is an example of its commitment, aiming to revolutionize maritime logistics through the development of maritime infrastructure, inland waterways, and coastal shipping. The programme not only promises millions of new jobs but also looks to reduce logistics costs and promote port-led developments. The proposed Coastal Economic Zones (CEZ) under Sagarmala could become hubs of the blue economy, contributing to global trade through sea-dependent industries and townships. India’s vision for the region, encapsulated in its initiative ‘Security and Growth for All in the Region’ (SAGAR), aims for a sustained, peaceful, and proactive presence of Indian naval ships in critical area and choke points in the Indian ocean. Clearly, the blue economy plays a crucial role in India’s economic development strategy.
