The blue economy is a multi-trillion-dollar market and comprises several sectors fundamental for sustainable development. These island-based blue economy nations face unique challenges due to limited financial resources and increased susceptibility to climate change and natural disasters. Solving these complex challenges can help drive economic growth and enable populations to create self-sustaining economies.
Baringa collaborated with Aboitiz Data Innovation and Oceanpixel on in-depth research which:
- Identified the top ten blue economy sectors, including Aquaculture, Marine Renewable Energy and Blue Carbon.
- Highlights the necessity for integrated multi-sector approaches to effectively manage and utilise marine resources
- Focuses on three key areas for islands in the Asia-Pacific region, underscoring their market sizes and critical roles in local economies and ecosystems.
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