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#OceanAction22237
To increase economic benefits to SIDS through the Blue Growth Initiative
by Food and Agriculture Organization of the United Nations (FAO) (United Nations entity)
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.
14.7
By 2030, increase the economic benefits to Small Island developing States and least developed countries from the sustainable use of marine resources, including through sustainable management of fisheries, aquaculture and tourism
Type of commitment
  • Economic benefits from sustainable fisheries
  • Economic benefits from sustainable aquaculture/mariculture
2020
One Blue Growth Dialogue per year 2017 to 2020
Other, please specify
In-kind staff/technical expertise
Interact
#OceanAction22237
Basic information
Time-frame: July 2017 - June 2020
Partners
Global
Ocean Basins
  • Global
Beneficiary countries
Other beneficaries
Governments, civil society, private sector, small scale fishers and their organizations
Contact information
Jacqueline Alder, FISHCODE Manager, FAO, jacqueline.alder@fao.org, +39 06 5705 54873
FAO Headquarters, Rome, ITALY
Other SDGs
United Nations