IUCN released a report titled “Towards a Regenerative Blue Economy – Mapping the Blue Economy” | Current Affairs | Vision IAS
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    IUCN released a report titled “Towards a Regenerative Blue Economy – Mapping the Blue Economy”

    Posted 24 Apr 2024

    2 min read

    • The report proposes a clear definition and founding principles for a Regenerative Blue Economy (RBE). 
      • IUCN has developed a framework defining three types of Blue Economy with RBE at the highest sustainability level (see infographic). 

     

     

    •  Regenerative Blue Economy:
      • It is an economic model that combines effective regeneration and protection of the Ocean and marine and coastal ecosystems with sustainable, low, or no carbon economic activities, and fair prosperity, now and in the future. 
      • Founding principles for RBE would include:
        • Protection, restoration, resilience, and regeneration of marine and coastal ecosystems, marine resources, and natural capital as priorities.
        • Prioritise inclusion, fairness, solidarity, well-being and resilience of impacted population. 
        • Inclusive and participatory governance system with scientific assessments. 
        • Needs of coastal populations, indigenous peoples must be taken into account. 
      • Certain activities are excluded from its scope either due to incompatibility with carbon reduction objective such as oil extraction, or threats to marine ecosystems such as deep-sea mining. 

     

    • Recommendations for RBE: Redirecting finance to regenerative activities, expanding science and innovation base in global south, empowering local stakeholders to deliver ocean action etc. 

     

    Initiatives promoting RBE:

    • Global: IUCN’s Nature 2030, Great Blue Wall Initiative, Clean Seas Campaign, Moroni Declaration and Cape Town Manifesto. 
    • India: Maritime India Vision 2030, Deep Ocean Mission, Pradhan Mantri Matsya Sampada Yojana, Integrated Coastal Zone Management. 
    • Tags :
    • Blue Economy
    • International Union for Conservation of Nature (IUCN)
    • Regenerative Blue Economy

    Articles Sources

    https://www.iucn.org/news/202404/new-iucn-report-shows-way-toward-regenerative-blue-economy
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