Ocean Action Hub

26 Nov 2018 - From 26-28 November, Kenya will host the Sustainable Blue Economy Conference in Nairobi. This conference represents an important opportunity to take stock of both the opportunities – and the challenges – which the Blue Economy concept presents, in the context of SDG14 - Life Below Water.

As the single largest natural asset on the planet which represents some 99% of the earth’s living volume, the ocean delivers numerous benefits to humanity.

  • The ocean is responsible for the oxygen in every other breath we take. It supplies 15 percent of humanity’s protein needs.
  • It helps to slow climate change by absorbing 30 percent of carbon dioxide emissions and 90 percent of the excess heat trapped by greenhouse gases.
  • It serves as the highway for some 90 percent of internationally traded goods, via the shipping sector.
  • If the ocean were a country, at several trillion dollars per year of economic activity, the ocean would rank 7th on the list of largest nations by GDP.
  • It is the source of hundreds of millions of jobs, in fisheries, aquaculture, shipping, tourism, energy production and other sectors.
  • It is also the source of some 30 percent of the world’s oil and gas resources but this equation must change if we are to succeed in the necessary transition to a low carbon development pathway.
  • Millions of the world’s poorest people depend heavily on the ocean and coastal resources for their sustenance and livelihoods.
  • Small-scale fishing provides about half of the world’s harvested seafood – but provides 44 times as many jobs per ton of fish as industrial fisheries do!

For the United Nations Development Programme (UNDP), the Blue Economy paradigm is a natural next step in the overall conceptualization and realization of sustainable human development. It mirrors our long-accepted definition of sustainable development as one that meets the needs of the present without compromising the ability of future generations to meet their own needs. Simply put, it is the utilization of ocean resources for human benefit in a manner that sustains the overall ocean resource base into perpetuity.

CONTINUE READING ONLINE HERE: http://www.undp.org/content/undp/en/home/blog/2018/blue-economy-sustainable-ocean-economic-paradigm.html

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Publication date: 
26/11/2018
Publication Organisation: 
UNDP
Publication Author: 
Andrew Hudson, UNDP
Thematic Area: 
Blue economy
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