Economy | Magazine Articles |

Blue Economy

As outlined by the World Bank, a blue economy would rest upon the sustainable use of ocean resources for economic growth, ocean ecosystem, health, improved livelihood and jobs. Opposed to conventional notions of ocean economic policy, the term ‘blue economy’ covers numerous maritime activities such as exploitation of living and non-living marine resources (deep sea fishing, development of aquaculture, off shore fossil fuels etc.), generation of renewable energy (wind and tidal), societal needs such as mitigation of climate change, disaster...

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