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Deconstruction of Blue Economy

Jimmy, U.J, Elijah, U.D, ., Osuji, D.C, . Enaohwo, K. O

Abstract

The Blue Economy represents a transformative shift in maritime governance, emphasizing the sustainable utilization of oceanic resources to foster economic growth while ensuring ecological integrity. This study examines the multi-dimensional framework of the Blue Economy, focusing on its core pillars: economic viability, environmental sustainability, and social equity. Utilizing a synthesis of global maritime trends and coastal development theories, the research explores the transition from traditional extractive industries—such as industrial fishing and shipping—to emerging sustainable sectors, including offshore renewable energy, blue biotechnology, and eco- conscious coastal tourism. Findings indicate that while the global ocean economy is projected to reach $3 trillion annually by 2030, realization of this potential is hindered by critical bottlenecks, including marine pollution, habitat destruction, and climate-induced acidification. The study identifies "Blue Carbon" sequestration and circular economy models as vital mechanisms for mitigating these environmental risks. Furthermore, it argues that for coastal regions, the Blue Economy serves as a pathway for poverty alleviation and food security through integrated maritime spatial planning. The research concludes that sustainable development requires robust legal frameworks and international cooperation to balance industrial output with the preservation of marine biodiversity, ensuring the long-term resilience of the global "Blue" commons.

Keywords

BlueBlue EconomyDimension

References

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