Oceans and seas support livelihoods and communities, providing nutritious food and potential for prosperity for hundreds of millions of people around the world. Covering more than 70 percent of the surface of our planet, oceans and seas provide half of the worlds oxygen and serve as home to 80 percent of life on Earth. Oceans, seas and coastal ecosystems contributes significantly to global food security, sustainable development and poverty eradication.
FAOs Blue Growth Initiative (BGI), is FAOs response to the call at the 2012 Earth Summit for a Green Economy in a Blue World. The concept of Blue Growth, responds to this call and provides developing countries with a framework that allows them to grow their aquatic economies in a sustainable ecological manner. The concept focuses on aquatic renewable resources and provides the framework for countries to make the transition to sustainable management and use of their aquatic resources so that revenues are optimized without compromising the delivery of ecosystem services and the provision of improved social outcomes.
This transition to Blue Growth requires countries to think beyond the business as usual approach of extracting more resources from the ecosystems but to think in terms of generating more value from what is extracted or in the case of aquaculture, optimizing the production of farmed fish as well as its value.
Over the last 4 years FAO has progressed the BGI significantly. It is a major area of work within FAOs Programme of Work with projects in implementation or in development in over 30 countries, including 8 SIDS. Within the BGI FAO is pleased to provide financial support for three regional Blue Growth SIDS projects: Caribbean countries to develop an aquaculture sector including seaweed and aquaponics, African SIDS to access financial resources to make the transition to a Blue Growth economy and in the Pacific for some countries to develop a seaweed sector.
Updates to voluntary commitment