Fostering Intergenerational Equity and Ethical Responsibility in the Blue Economy

• Author(s): Prithivi Raj
• Paper ID: 1705165
• Page: 455-465
• Published Date: 30-10-2023
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 7 Issue 4 October-2023

Abstract

The concept of the Blue Economy has gained prominence in recent years as a pathway to achieving sustainable development, especially in the context of coastal and marine environments. This abstract explores the interconnection between the Blue Economy and sustainable development, shedding light on its potential benefits and challenges. The Blue Economy encompasses a range of economic activities, including fisheries, aquaculture, shipping, tourism, and renewable energy, all of which depend on healthy oceans and seas. This paper discusses the importance of integrating environmental sustainability, social equity, and economic viability within the Blue Economy framework. It highlights the need for responsible management and conservation of marine resources to ensure long-term benefits for present and future generations. Additionally, the role of innovation and technology in optimizing the utilization of marine resources while minimizing environmental impacts is explored. The paper also addresses the significance of international cooperation and governance mechanisms in promoting the Blue Economy's sustainable development goals. It emphasizes the need for transboundary collaboration and policy coherence to address common challenges, such as overfishing, pollution, and climate change. The Blue Economy holds promise as a catalyst for sustainable development, fostering economic growth while safeguarding the ecological integrity of marine ecosystems. However, achieving this vision requires a holistic and integrated approach, encompassing ecological, social, and economic dimensions, and a commitment to responsible stewardship of the world's oceans and seas.

Keywords

Blue Economy, Marine Conservation, Ocean Resources, Coastal Development, Maritime Industry, Ocean Governance.

Citations

IRE Journals:
Prithivi Raj "Fostering Intergenerational Equity and Ethical Responsibility in the Blue Economy" Iconic Research And Engineering Journals Volume 7 Issue 4 2023 Page 455-465

IEEE:
Prithivi Raj "Fostering Intergenerational Equity and Ethical Responsibility in the Blue Economy" Iconic Research And Engineering Journals, 7(4)