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Issue No:81
  • :0973–1121
  • :June
  • :2019

Samudra Report No.81, June 2019

Report / Blue Economy

Catch this Moment

Reflections on the ‘Towards an Inclusive Blue Economy’ conference organized by the International Institute for Environment and Development in London in February 2019


This article is by Hanna Wetterstrand (hanna.wetterstrand@su.se), Marine Programme Officer, SwedBio at the Stockholm Resilience Centre, Stockholm University, Stockholm, Sweden


Behind the trendy environmental terms ‘Blue Economy’ and ‘Blue Growth’ lies a view that the Earth’s oceans promise great untapped economic potential. The unutilized value of the oceans is estimated at US$24 trillion, including sectors like energy generation, maritime transport, tourism, capture fisheries and aquaculture. Such a Blue Economy is supposed to also cater to aspects of social and ecological sustainability. However, a Blue Economy will not become inclusive nor equitable by default. This was the starting point for the International Institute for Environment and Development (IIED) conference in London titled ‘Towards an Inclusive Blue Economy’, held on February 25-26, 2019.

The conference touched upon two main topics: the internationally legally binding instrument (ILBI) under the United Nations Convention on the Law of the Sea (UNCLOS) on the conservation and...

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