Significance of Blue Economy

In this article we will discuss Significance of Blue Economy

In this article, we will discuss Significance of Blue Economy. So, let’s get started.

Significance of the Blue Economy

  • High Return on Investment: According to research commissioned by the high-level panel for a sustainable ocean economy shows that USD1 invested in key ocean activities yields five times i.e. USD5 in return, often more.
  • Synergy With SDG: It supports all of the United Nations’ Sustainable Development Goals (SDGs), especially SDG14 ‘life below water’.
  • Sustainable Energy: Supporting the increasing demand for renewable energy, offshore regions have tremendous potential in the form of offshore wind, waves, ocean currents including tidal currents, and thermal energy.

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