"Blue economy" and challenges of sustainable development

Tea Lazarashvili

Journal number 4 ∘ Tea Lazarashvili ∘
"Blue economy" and challenges of sustainable development

10.36172/EKONOMISTI.2024.XX.04.LAZARASHVILI

Summary

The "blue economy", or the ocean economy, is gaining more and more popularity around the world. Some economists consider the "blue economy" to be the next step in the development of "green" approaches.

In 2009, Belgian economist Gunther Pauli presented a report "The Blue Economy: 10 Years, 100 Innovations, 100 Million Jobs" at the meeting of the Club of Rome (an international public organization). This day can be considered as the turning point when the concept of "blue economy" began to spread around the world.

Gunter Paul's speech, the concept of "blue economy" underwent an evolution. Today, it is all types of economic activities related to oceans, seas and coasts, regardless of whether they are carried out in the marine area (sailing, fishing, energy production) or on land (ports, aquaculture in artificial reservoirs, coastal tourism).

"Blue economy" refers to the sustainable use of the world's ocean resources, based on three main principles: the protection and preservation of water resources, the management of nature conservation and the implementation of solutions for adaptation to climate change. Climate solutions based on ocean resources play an important role in the fight against global warming: they can reduce the volume of carbon dioxide emissions by 21%, which in turn will reduce the temperature rise by 1.5°C by 2050.

Key words: "blue economy", sustainable development, marine resources.

EKONOMISTI The international scientific and analytical, reviewed, printing and electronic journal of Paata Gugushvili Institute of Economics of Ivane Javakhishvili Tbilisi State University

DOI: 10.36172/EKONOMISTI E ISSN 2346-8432 Print ISSN 1987-6890	Journal number 4 ∘ Tea Lazarashvili ∘ "Blue economy" and challenges of sustainable development 10.36172/EKONOMISTI.2024.XX.04.LAZARASHVILI Summary The "blue economy", or the ocean economy, is gaining more and more popularity around the world. Some economists consider the "blue economy" to be the next step in the development of "green" approaches. In 2009, Belgian economist Gunther Pauli presented a report "The Blue Economy: 10 Years, 100 Innovations, 100 Million Jobs" at the meeting of the Club of Rome (an international public organization). This day can be considered as the turning point when the concept of "blue economy" began to spread around the world. Gunter Paul's speech, the concept of "blue economy" underwent an evolution. Today, it is all types of economic activities related to oceans, seas and coasts, regardless of whether they are carried out in the marine area (sailing, fishing, energy production) or on land (ports, aquaculture in artificial reservoirs, coastal tourism). "Blue economy" refers to the sustainable use of the world's ocean resources, based on three main principles: the protection and preservation of water resources, the management of nature conservation and the implementation of solutions for adaptation to climate change. Climate solutions based on ocean resources play an important role in the fight against global warming: they can reduce the volume of carbon dioxide emissions by 21%, which in turn will reduce the temperature rise by 1.5°C by 2050. Key words: "blue economy", sustainable development, marine resources.