{"id":1036,"date":"2022-05-20T10:03:19","date_gmt":"2022-05-20T10:03:19","guid":{"rendered":"https:\/\/giliticsmedia.co.ke\/demo\/?p=1036"},"modified":"2022-08-31T08:43:51","modified_gmt":"2022-08-31T08:43:51","slug":"holistic-management-of-holistic-management-of-ocean-resources","status":"publish","type":"post","link":"https:\/\/giliticsmedia.co.ke\/holistic-management-of-holistic-management-of-ocean-resources\/","title":{"rendered":"Holistic Management of holistic-management-of-ocean-resources"},"content":{"rendered":"\n
By Eugene Ambaka<\/em><\/p>\n\n\n\n The blue economy is an emerging concept which emboldens improved stewardship of oceans and their resources. The World Bank defines it as the sustainable use of ocean resources for economic growth, elevating livelihoods and jobs while preserving the health of ocean ecosystems while the European Commission expounds it as all economic activities linked to oceans, seas, and coasts.<\/p>\n\n\n\n The blue economy concept is frequently used but poorly defined with many interpretations often focusing on promoting the aggregate paybacks of individual maritime sectors such as tourism, fisheries, offshore energy, shipping, transport, marine biotechnology, renewable energy among others without clearly defining interventions of offsetting the negative impacts arising from these thematic areas. The Organization for Economic Cooperation and Development report in 2010 estimated that by 2030 the blue economy would be worth USD3T and employ 40 million people. On the other hand, UNDP approximated economic losses of about USD83B from overfishing and unsustainable practices, USD200 to 800 from coastal hypoxia while damage from invasive species and environmental degradation is valued at USD100B.<\/p>\n\n\n\n