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Blue Economy: Where are we now? Where are we headed?

Publication Date: 
Friday, September 30, 2016
Publication Type: 
Only Available Online

The Changwon Declaration 2012 provides the definition of blue economy. The blue economy, as discussed during the East Asian Seas (EAS) Congress 2012, refers to a sustainable ocean-based economic model; one that employs environmentally-sound and innovative infrastructure, technologies and practices, including institutional and financing arrangements, for meeting the goals of: (a) sustainable and inclusive development; (b) protecting our coasts and oceans, and reducing environmental risks and ecological scarcities; (c) addressing water, energy and food security; (d) protecting the health, livelihoods and welfare of the people in the coastal zone; and (e) fostering ecosystem-based climate change mitigation and adaptation measures.