Blue Economy

The Blue Economy concept seeks to promote economic growth, social inclusion, and the preservation or improvement of livelihoods while at the same time ensuring environmental sustainability of the oceans and coastal areas. At its core, it refers to the decoupling of socioeconomic development through oceans-related sectors and activities from environmental and ecosystems degradation. An important challenge of the Blue Economy is thus to realize that the sustainable management of ocean resources requires collaboration across nation-states and across the public-private sectors, at global scale (World Bank, 2017).