MAPPING ROUTES TO A SUSTAINABLE BLUE ECONOMY

Abstract

This research study delves into the concept of the Blue Economy (BE) and its potential to drive sustainable economic growth, particularly in the context of Pakistan’s maritime sector. It explores the role of the blue economy in the framework of sustainable development, concentrating on the Sustainable Development Goals (SDGs) of the UN. To maximize ocean resources for economic growth, the paper places a strong emphasis on preserving the health of ocean ecosystems. It also includes an economic and financial analysis, shedding light on the need for sustainable funding models and the potential for green financing to drive the blue economy. It also provides a comprehensive overview of Sustainable Development Goal 14, “Life below Water,” and its associated targets, highlighting the importance of marine conservation and sustainable use of marine resources. This paper emphasized the need for public-private sector collaboration and green financing options to achieve the economic and environmental goals associated with sustainable blue economy development in Pakistan.