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IMA > Posts tagged "The Blue Economy"

Rethinking the Oceans: Transitioning to the Blue Economy

Farahnaz N. Solomon (PhD)Research Officer , Institute of Marine Affairs “There are more opportunities in the ocean than we can fathom”. Oceans cover 72% of the Earth’s surface. They support life by generating oxygen, absorbing carbon dioxide, recycling nutrients and regulating global climate and temperature. Oceans are important for fisheries, transport, and tourism – all traditional sectors of the Blue Economy. Highlighted at the 2012 Rio +20 Conference, the Blue Economy can be defined as 'the sustainable use of ocean resources for economic growth, improved livelihoods and jobs, while preserving the health of the marine and coastal environment'(1). Using the sea for economic gain is not a...