TITLE:
Blue Economy in APEC: Pathway towards Sustainability, Climate Action and Inclusion
AUTHORS:
Antonina Ivanova, Rodrigo Serrano, Alberto Torres
KEYWORDS:
Oceans, Sustainability, Fisheries, Adaptation, Mitigation, Gender Inclusion
JOURNAL NAME:
Modern Economy,
Vol.15 No.5,
May
14,
2024
ABSTRACT: The Blue Economy concept was adopted during the preparatory process for Rio 20 by a proposal from several coastal countries and contemplates the objectives of improving human well-being and social equity based on the sustainable management of the oceans, while reducing environmental risks and ecological damage. The objective of this article is to present the importance of the blue economy in APEC, as well as its contribution to sustainability in the face of the climate crisis. To meet the objective, first, the concept of the blue economy and its relevance worldwide are explained. Second, APEC statements, policies and actions aimed at promoting the blue economy in the region are analyzed. Third, some examples from member countries are presented, as well the inclusion of the women in the sector. The research was performed applying the PRISMA methodology. The results show that that the oceans definitely can contribute for food security, aquaculture, sustainable fisheries, and gender inclusion. We conclude that blue economy is important to address the impacts of climate change, and promote sustainable and inclusive development in the Asia-Pacific region, and that regional cooperation is crucial to foster global cooperation in blue economy.