The United Nations defines The Blue Economy as, “An ocean economy that aims at the improvement of human well-being and social equity, while significantly reducing environmental risks and ecological scarcities”.
The World Bank highlights six main activities of the Blue Economy – Renewable Energy, Fisheries, Maritime Transport, Tourism, Climate Change and Waste Management. The Archipelagic and Island States (AIS) forum understands it as the effort to preserve the marine environment for the greatest prosperity of the people through the utilization of marine resources using blue economic principles.
To learn more about the Blue Economy, click here.
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