Emerging Trends in Blue Economy: A Roadmap Through the Lens of Sustainable Development

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Author(s): Ananya Pandey (Christ University, India)and Jipson Joseph (Christ University, India)
Copyright: 2025
Pages: 20
Source title: Securing Sustainable Futures Through Blue and Green Economies
Source Author(s)/Editor(s): Patricia Ordóñez de Pablos (University of Oviedo, Spain), Miltiadis D. Lytras (Computer Science Department, College of Engineering, Effat University, Saudi Arabia)and Sawsan Malik (Arab Open University, Kuwait)
DOI: 10.4018/979-8-3693-7893-9.ch002

Keywords: Business Science Reference / Economics and Economic Theory / Environment & Agriculture / Sustainable Development

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Abstract

On Earth, the oceans make up 71% of the land area. Approximately 40% of the world's population lives in coastal regions with 3 billion people depending on it for livelihood. 80% of the global trade is (en)routed via oceans. A long-term unbalanced usage of marine routes leads to unsettling issues such as ocean-acidification, marine pollution and habitat destruction. This causes disruption towards the attainment of sustainability. To safeguard the oceans and marine life, “Blue Economy (BE)” was introduced by the UN Conference on Sustainable Development (Rio+20) in 2012. The SDG-14 (life below water) contributes to focusing attention on BE. Till date there is no universally accepted policy towards implementation of BE. However several regions like Africa, Brazil, China, EU and India formulated guidelines towards the implementation of BE. With this perspective, the chapter analyzes the emerging trends of BE as a way forward towards sustainable development.

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