What is Blue Economy , How does the Oceans affect the economy ?

 

  Introduction : Water is the basis of life. This water provides food for billions of people around the globe, so this water is an important source of livelihood for millions of people around the globe. Three-quarters of the planet is made up of this water. It is estimated that 844 million people worldwide are deprived of this great blessing, which is essential for human survival.                                                                                                                                                        Water scarcity and other related issues are also affecting the world economy. If the time wasted in the search for clean water is used  It can bring billions of dollars in economic benefits.                                                                                                                                                  Lack of basic needs like water causes a loss of 260 billion annually worldwide. Reports of water scarcity and pollution suggest that the situation is likely to worsen, but increasing pollution, the use of small fishing nets, and endangered fish species threaten the survival of millions of people around the globe .                     

Miracle of Blue economy

                                                                                                     Mankind has exposed the arid part of the earth to the dangers of pollution and a growing human population, but the increasing pressure on human resources of the earth has given rise to a new term, the 'blue economy. " Until then, it was used only for fishing and trade, but due to the increasing pressure on the human resources on the earth, we started looking at that part of the earth which consists of water, which is still useless for us and was inaccessible. .                                                                                                                  But the question arises, how can we better and safely utilize the resources that are abundant in our oceans?But these resources should not be wasted as we have done with our ground resources. This is our second chance at doing things right. Marine resources are plentiful, but taking advantage of them without affecting nature is a matter of time.                                                                                                                                                                                                  We also need a safe way to fish, so that, our future generations can get acquainted with the taste of fish and other marine lives.One in ten fish caught worldwide belongs to a species that fishermen do not want to hunt, usually thrown back into the sea after death by the fishermen, which go into the water and turn into garbage.                                                                                                                                       Not just one fish, but billions of marine life is lost every year due to human activities, ie every year we waste billions of rupees without benefiting from this marine life. Although unsafe fishing can be curbed with heavy fines and stricter laws, the trend of blue economies around the world is being promoted.                                                                                                                     

                                                                                                         Most countries in the world, including India, Somalia, Nigeria, and Seychelles are investing in developing the blue economy.Are committed to making these laws effective. The Thai government has also upgraded its fisheries following the EU's issuance of a 'yellow card,' on IU (legal, unregulated, and unreported) records, after which it is now in the EU.                                                                                                                                                                      You can sell your seafood to the participating countries. In 2017, the United States also began reforming its laws to find out where the fish it was buying, was coming from.                                                                                                               .                                                     The state of Oregon recently passed its first law declaring the use of light-emitting devices for hunting prawns, so that the endangered species of fish, the  eulachon , (found in coastal waters) to reduce the chances of being caught by mistake. All these steps are being taken to promote the blue economy.Now the question arises, what is this blue economy?

                                     

                                                                                                           The model of the blue economy is a modern economic model.The Blue Economy model seeks to achieve sustainable economic growth in a country's maritime natural water resources, such as underwater minerals, aquatic life, offshore drilling of oil and gas reserves, fishing and fisheries products, shipping industry for freight, wind turbine energy from coastal winds. , and solar energy from sea sun, construction of resorts on coastal land and promotion of hotel and tourism industry, marine biotechnology, aquaculture, and freshwater Inclusion of desalination plants for water, etc.                                                                                                                                                The blue economy is a fast-emerging ideology to exploit the sea and the 'blue,' resources in it,Behind this concept is the Blue Charter of the Commonwealth, whose world is closely linked to the oceans, climate change, and the well-being of the Commonwealth.                                                                                                                                                                                                                              The Charter reaffirms the values ​​of the Commonwealth, including coastal decision-making and the equal participation of peoples in the seas.                                                                                                                                                                                                                  The Blue Economy endorses the United Nations Sustainable Development Goals(SDGs, Sustainable Development Goals), particularly SDG 14 'Underwater Life, "And ensures that the oceans are safe for present and future generations."Bold and equitable measures will be needed to create and protect.                                                                                                                                                         Blue economy in the context of maritime economies:  If the blue economy is seen in the context of maritime economics, it is an excellent mechanism for economic growth. Most of the developed countries of the world are benefiting from shipping, commercial fishing, oil, and gas exploration, underwater mining, and other marine resources. Many people are involved in these commercial activities.                                                                                                                                                                                                          Blue economy model aims :  Employment opportunities, food security, and poverty are declining, especially for people living on small islands.Like the green economy, the blue economy model aims to improve social equality and human well-being by significantly reducing environmental risks. It is a comprehensive economic model for the coastal states , which at times have limited capacity to utilize abundant mineral resources, they can take advantage of all these resources by utilizing these models.                                                                                                                                                       The tremendous benefits of the blue economy mean that all social groups and sectors are affected.The blue economy is not only a great opportunity in the market, but it also protects the 'blue,' resources, such as traditional lifestyles, reducing carbon emissions, and helping to reduce the risks to unsafe states from coastal expansion.                                                                                                                                   Pakistan and Blue economy :  Pakistan, which often has devastating effects on climate change, can benefit greatly from the blue economy due to its magnificent maritime location.                                                                                                                      Pakistan's special economic zone in the Arabian Sea covers an area of ​​approximately 240,000 square kilo meters, with an additional 50,000 kilo meters added by the United Nations.                                                                                                                                                    There are three parts to this vast special economic zone.The first part is called the Indus Offshore in the sea adjacent to Sindh , the length of the adjacent coast is 270 km. The other is called  Makran   Offshore in the sea adjacent to Balochistan , with a length of 720 km.                                                                                                                                                                                                                    The third part is the area between the Arabian Sea, and the Indian Ocean, known as the Murray Ridge .  Like land resources, the kingdom is also rich in God-given water resources. Pakistan's 1,100 km coastline stretches from Iran to India.                                                                                                                                                       Pakistan's total maritime zone is more than 30% of the land area, some of which are rich in the blue economy and rich in aquatic life and mineral resources. Pakistan  's marine fisheries are divided into two distinct parts.                                                                                                                                                                                            The coastal strip of  Makran   (Balochistan) and the coastal strip of Karachi (Sindh). The ports of  Makran  and Karachi are of great importance for fishing.Although the percentage of seafood consumption in Pakistan is relatively low (one kilogram nine hundred grams), the sector still plays an important role in the national economy.                                                                                                                                                                                   Fisheries account for a large share of Pakistan's exports The marine area within Pakistan's borders is rich in rare species of prawns, fish, lobsters, and other aquatic life, but we have not yet been able to make full use of our resources.                                                                                                                                                           Fishing is the livelihood of most people living in the coastal areas of Sindh and Balochistan. However, due to the lack of modern technical training and equipment for safe fishing at the government level, we have not been able to take full advantage of the blue economy.                                                                                                                                                                                                 According to the World Bank,“The blue economy is the use of marine resources for economic growth while improving livelihoods, jobs, ecosystems and protecting the oceans.                                                                                                                                                    The European Commission describes it as follows:“All economic activities related to the oceans, coasts, and oceans fall into the category of the blue economy. It covers interconnected and emerging sectors. Work for the protection of nature. ”According to the US NGO Environmental Protection International, the blue economy includes all the economic benefits that cannot be marketed.