Rethinking Innovation For A Sustainable Ocean Economy

This new OECD report on the ocean economy emphasises the growing importance of science and technologies in improving the sustainable economic development of our seas and ocean. Marine ecosystems sit at the heart of many of the world’s global challenges: food, medicines, new sources of clean ...

This report explores the growth prospects for the ocean economy, its capacity for future employment creation and innovation, and its role in addressing global challenges. Special attention is devoted to the emerging ocean-based industries.

Adopting more sustainable ways of managing the ocean is a global priority: protecting its health will bring benefits to all. Developing countries face specific challenges, as many depend heavily on ocean-based industries and are overly exposed to the consequences of ocean degradation.

As the planet’s natural resources continue to be depleted, society’s environmental awareness has grown. Businesses especially are being coerced into incorporating more sustainable approaches to carrying out their activities. Organizations that develop sustainable business strategies that deliver enhanced value by radically reducing material inputs and engaging consumers on circular economy will be well-positioned for success. Mapping, Managing, and Crafting Sustainable Business Strategies for the Circular Economy is an essential reference source that discusses implementing sustainable business strategies as well as economic policies for the modern business era. Featuring research on topics such as global business, urban innovation, and cost management, this book is ideally designed for managers, operators, manufacturers, academics, practitioners, policymakers, researchers, business professionals, and students seeking coverage on utilizing natural resources in the most sustainable way.

In the last decade, the concept of a Blue Economy has ignited a deep theoretical debate. Ranging from the integration of the triple bottom line of sustainability to the optimization of profit from ocean exploitation, the meaning of the term blue economy differs considerably between epistemic communities and even more so among national and regional policies. There is a general sense of the opportunity to realise enhanced social and economic benefits from the sustainable utilisation of their ocean and coastal resources under the umbrella framework of blue economy. Blue economy is gaining traction already as a significant component of national policies, even in spite of a clear conceptualization of the term. Many countries are now preparing national policies towards realising their blue economy ambitions, utilizing the concept as they see fit. Likewise, multilateral and regional organisations are developing guidelines, and providing investment in new research, technologies, and financing tools that promote blue economy. Critical challenges abound, in particular in less privileged countries. These include the gap in research capabilities, governments prioritizing social wellbeing and economic profit in contrast to environmental protection, the identification of new and emerging areas of ocean economic activity that are both socially and ecologically sustainable and holds viable business models that can attract private investment.

Home to over 80 percent of all life on Earth, the ocean is the world’s largest carbon sink and a key source of food and economic security for billions of people. The relevance of the ocean for humanity's future is undisputed. However, the ocean’s great potential to drive economic growth and equitable job creation, sustain healthy ecosystems, and mitigate climate change is not yet fully recognised. Lack of awareness of this potential as well as management and governance challenges pose impediments. Until these impediments are removed, ocean ecosystems will continue to be degraded and opportunities for people lost. A transition and a clear path to a thriving and vibrant relationship between humans and the ocean are urgently needed. This open access collection of papers and reports identifies a path that is inspired by science, energised by engaged people, and emboldened by visionary leaders. These assessments of knowledge are commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel), which was established in September 2018 as a unique initiative led by heads of state and government from around the world, to showcase the latest leading-edge science, knowledge and state-of-the-art thinking on key ocean issues. Altogether, The Blue Compendium offers innovative ocean solutions in technology, policy, governance, and finance realms, that could help accelerate a transition to a more sustainable and prosperous relationship with the ocean. The comprehensive assessments have already informed policy making at the highest levels of government and motivated an impressive array of responsive and ambitious action across a growing network of leaders in business, finance and civil society.

This volume defines and analyzes the Blue Economy, a system that encompasses all the economic activities which are happening in and around the ocean within a sustainable development framework, with focus on countries in Asia. This work is timely, as Blue Economy activities account for a significant share of GDPs in the island and coastal economies in the Asia region, sustaining the livelihoods of one of the largest sections of the world's population. This book, therefore, assesses how the Blue Economy contributes to these livelihoods from economic and ecological perspectives and analyzes the various types of ecosystem services provided, and how these services are regulated and maintained. While most studies of the Blue Economy focus only on the economic aspects, this book provides ample statistical data to demonstrate why ecosystem services should additionally be considered for the estimation and valuation of the Blue economy. The book is primarily meant for researchers, students, and teachers in the fields of environmental and ocean economics, sustainable development, and ecosystem services, and will be of further interest to policymakers and government officials working in matters related to the Blue Economy and sustainability policy.

In today’s rapidly evolving world, it has never been more critical to consider key environmental issues such as climate change, pollution, and endangered species. Society faces an unknown future where the fate of the environment is continuously in flux based on current preservation initiatives that governments develop. In order to ensure the world is protected moving forward, further study on the importance of securing environments, ecosystems, and species is necessary to successfully implement change. The Research Anthology on Ecosystem Conservation and Preserving Biodiversity considers the best practices and strategies for protecting our current ecosystems as well as the potential ramifications of failing to implement policies. Society is at a crossroads where if we continue to ignore the danger and warning signs brought about by environmental issues, we will be unable to maintain a healthy environment. Covering essential topics such as extinction, climate change, and pollution, this major reference work is ideal for scientists, industry professionals, researchers, academicians, policymakers, scholars, practitioners, instructors, and students.