Jurnal Ilmu Ekonomi dan Pembangunan
Vol 25, No 1 (2025): Jurnal Ilmu Ekonomi dan Pembangunan

BLUEPRINT FOR A SUSTAINABLE BLUE ECONOMY: CHALLENGES, OPPORTUNITIES, AND POLICY PATHWAYS

Nabi, Kamal un (Unknown)
Hayat, Mohsina (Unknown)



Article Info

Publish Date
26 Mar 2025

Abstract

The Blue Economy has emerged as a crucial paradigm for achieving sustainable economic growth, environmental conservation, and social equity through the responsible utilization of marine resources. This study explores the multifaceted dimensions of the Blue Economy, highlighting its potential across key sectors such as fisheries, aquaculture, maritime transport, renewable energy, and marine biotechnology. India's strategic maritime position, coupled with initiatives like the Deep Ocean Mission and Pradhan Mantri Matsya Sampada Yojana, underscores its commitment to integrating ocean-based economic activities with global sustainability goals, particularly Sustainable Development Goal 14. Despite its vast potential, challenges such as overfishing, marine pollution, habitat degradation, and climate change threaten the sustainable advancement of the Blue Economy. However, opportunities exist in expanding aquaculture, developing marine-based renewable energy, and promoting ecotourism. The study underscores the importance of adaptive governance, technological innovation, and community-driven approaches to overcome these challenges. Through an empirical analysis incorporating correlation and regression models, the study establishes significant linkages between sustainable marine practices, economic growth, and livelihood enhancement. The findings emphasize that fostering a resilient Blue Economy requires a multi-pronged strategy encompassing inclusive policies, innovative financing mechanisms, and cross-sectoral collaboration. By aligning economic incentives with marine conservation efforts, the Blue Economy can serve as a transformative model for achieving long-term environmental and economic sustainability.

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Journal Info

Abbrev

jiep

Publisher

Subject

Humanities Economics, Econometrics & Finance Social Sciences

Description

The Jurnal Ilmu Ekonomi dan Pembangunan (JIEP) invites papers on a wide range of topics, including the following : Economic Theories and Methodologies Econometric Finance and Monetary Economy Review of Government Policy and Macroeconomic Regional Economy Globalization and Localization Approach to ...