Abstract
Economic growth is linked to the development and use of natural resources. With the emergence of the idea of sustainable development, the idea of green economy or bioeconomy is born, based on better management of natural resources, through the use of environmentally friendly economic instruments. The new objectives of sustainable development are related to both water protection and responsible consumption and production. This makes the transition from the green economy to the blue bioeconomy. This article examines the link between the blue bioeconomy and the goals of sustainable development in the light of new environmental policies and regulations. The conclusions are that the blue bioeconomy, complementing the green economy, can ensure the decoupling of economic development from the intensive use of non-renewable resources and that together they can lead to a better achievement of sustainable development goals.
Highlights
The concept of blue growth has roots that can be traced back to the conceptualization of sustainable development (SD) (Eikeset & al., 2018)
The conclusions are that the blue bioeconomy, complementing the green economy, can ensure the decoupling of economic development from the intensive use of non-renewable resources and that together they can lead to a better achievement of sustainable development goals
One of the targets of SDG 6 is to improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials, halving the proportion of untreated wastewater and substantially increasing recycling and safe reuse globally (2030 Agenda). - all major sectors have potential to contribute to the Blue Economy, special in: offshore renewable energy, decarbonised shipping, climate-resilient ports, marine nonliving resources, circular economy and pollution prevention including plastics in manufacturing and services, and sustainable marine food production and processing. - The new sectoral strategies highlight the central role of the blue economy as a key driver for the sustainable development of the EU and the planet and for mitigating the effects of climate change
Summary
The concept of blue growth has roots that can be traced back to the conceptualization of sustainable development (SD) (Eikeset & al., 2018). Sustainable and inclusive growth, decent jobs and private sector engagement, lett.e), that “promoting an effective policy mix supportive of economic diversification, value addition, and regional integration and sustainable green and blue economy” is of major importance Abrogated at this time, Regulation No 1291/2013 establishing Horizon 2020 the Framework Programme for Research and Innovation (2014-2020), when it came to unlocking the potential of aquatic living resources, showed that “The aim is to manage, sustainably exploit and maintain aquatic living resources to maximise social and economic benefits/returns from Europe's oceans, seas and inland waters while protecting biodiversity. The activities shall focus on an optimal contribution to secure food supplies by developing sustainable and environmentally friendly fisheries, on sustainable management of ecosystems providing goods and services, on competitive as well as environmentally friendly European aquaculture in the context of the global economy, and on boosting marine and maritime innovation through biotechnology to fuel smart “blue” growth” (Regulation, 2013)
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