1. Blue Economies of the Indian Ocean Region: Japan’s Role in Transition to Sustainable Development and Growth
- Author:
- Monika Chansoria
- Publication Date:
- 08-2020
- Content Type:
- Policy Brief
- Institution:
- Japan Institute Of International Affairs (JIIA)
- Abstract:
- The Blue Economy concept was first articulated in 2012 by the Small Island Developing States (SIDS) at the 2012 Rio+20 Summit on Sustainable Development. This novel idea was coupled with a concurrent approach that sought to transform traditional ocean economies into an ecosystem harnessing oceanic resources for better conservation of the marine environment. Ever since, the Blue Economy concept and its implementation has remained an evolving one. The broad consensus is that diminishing land resources have induced greater pressure on ocean assets to feed faster growth. At the same time, realization of the dangers of unsustainable approaches is equally compelling. The oceans remain the foremost climate stabilizers as they directly absorb heat and recycle an overwhelming share of greenhouse gases. Rising sea levels are causing submergence of valuable land, and extreme weather conditions and rising temperatures will eventually disrupt the water cycle, and hurt agriculture, fisheries and the rich marine biodiversity. The need to find mitigating solutions ensuring that future economic growth and development be more sustainable remains more pronounced than ever. As per few estimates, in many sectors, the ocean-based productivity will exceed the corresponding land-based production both in terms of value and employment generation by 2030. However, these benefits would likely accrue only in case of the oceans remaining healthy.
- Topic:
- Climate Change, Development, Economy, and Sustainable Development Goals
- Political Geography:
- Japan and Indian Ocean