The session started with an introduction of Sustainable Development Goal (SDG) 14, which stands closest to blue economy comprising life under water, sustainable fishing, preservation of marine ecosystems, and both offshore and onshore renewable energy generation. The discussion was on the contribution of blue economy to the global gross value added, which is expected to double between 2010 and 2030. By 2030, India aims to attain significant technological development in the fields of deep sea mining, submersibles for exploration activities, tapping offshore wind energy potential, and generating potable water.
The speakers highlighted that Norwegian economy is highly dependent on blue economy and has the longest coastline that serves as a major storehouse of resources, renewable energy, and food. Blue economy in Norway is estimated to increase by 40% by 2050. Although dependence of Norway on oceans is immense, it also recognizes the threats because of climate change and human activities, such as illegal fishing and increasing ocean pollution. Norway has been urging for an integrated oceanic strategy at the national and global levels.
Plenary Session 7: Blue Economy for Agenda 2030 – Aligning Economic Development for Sustainability of Oceans
Chair: Ambassador Chandrashekhar Dasgupta, Distinguished Fellow Emeritus
Keynote Address: Mr Ratan P Watal, Member Secretary, Economic Advisory Council to the Prime Minister, NITI Aayog
Panelists:
• Dr M Rajeevan, Secretary, Ministry of Earth Sciences, Government of India
• HE Mr Hans Jacob Frydenlund, Ambassador of Norway to India
• HE Mr Patrick Medecin, Ambassador of Monaco to India and Japan
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