DMPQ-. Explain how Boosting Blue Economy can help in recovery of India’s Economy after Pandemic .

One of the major challenges following the pandemic is the loss of livelihoods and jobs. The road to recovery and growth goes through the ocean.

The Blue Economy represents enormous potential for sustainable economic activity and job creation after the crisis. India has a unique maritime position, with a 7,517-km long coastline and an Exclusive Economic Zone of over two million sq-km. The resources in these areas can spur India’s economic recovery in a manner that is also beneficial to our climate and environment.

New research commissioned by the high-level panel for a sustainable ocean economy, co-chaired by the Norwegian Prime Minister (PM), shows that every dollar invested in key ocean activities — such as increasing sustainable seafood production, decarbonising international shipping, scaling up offshore wind power and conserving and restoring mangroves — yields five times i.e. $5 in return, often more.

The panel’s report, A Sustainable and Equitable Blue Recovery to the COVID-19 Crisis, highlights five blue stimulus actions that can spur recovery and build a sustainable ocean economy in India and globally. These include investments in coastal and marine ecosystem protection; sewage and wastewater infrastructure for coastal communities; and sustainable marine aquaculture. They also include incentives for zero-emission marine transport and sustainable ocean-based renewable energy.

India and Norway are collaborating on realising many of these opportunities. The India-Norway Task Force on Blue Economy for Sustainable Development will meet for the fourth time this week to further this collaboration. In the India-Norway Integrated Ocean Management Initiative, researchers and officials are cooperating on improving the governance of ocean resources through marine spatial planning. In the India-Norway Marine Pollution Initiative, we are piloting solutions for better waste management and recycling of plastic products.

The ocean also has a role to play in strengthening resilience to economic and environmental disruptions. Investing in shipping decarbonisation, sustainable seafood production and ocean-based renewable energy provides for better health outcomes, richer biodiversity, more secure jobs and a safer planet for generations to come.

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