Experimental cultivation of two species of seaweed first began at Saint Martin’s Island in 2010. Since 2016, Bangladesh Agricultural Research…
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According to the World Bank, the blue economy is the “sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem.” European Commission defines it as “All economic activities related to oceans, seas and coasts.
The economic philosophy of the Blue Economy was first introduced in 1994 by Professor Gunter Pauli at the United Nations University (UNU).
The concept became significant since the Third Earth Summit Conference – Rio+20 in 2012.
This philosophy underpins the objective behind the Commonwealth Blue Charter, highlighting the close linkage between the ocean, climate change, and the well-being of the people.