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Blue economy principles at a glance-Poster
The sustainable marine economy principles ensure ecosystems and livelihoods are prioritised, fostering inclusive and regenerative growth.
Introduction to blue economy principles
A blue economy encompasses activities that will generate economic value and contribute positively to ecological, cultural, and social well-being. The blue economy principles are guidelines for businesses, resource management agencies, policy makers, and public resource users who are involved in making decisions about resource use and allocation in marine spaces. The principles define commitments to embracing te mana o te moana, intergenerational development visions and delivering prosperity and diverse social and cultural values for all New Zealanders and adopting decision-making and investment practices that are inclusive and accountable, intergenerational in vision, and regenerative in orientation. They are designed to interweave with EBM, safeguard the future of the oceans and deliver enhanced livelihoods, prosperity and diverse values to coastal communities and all New Zealanders.
Principles as foundation for a blue economy
The blue economy principles set expectations that will require a transition from business-as-usual to blue economy settings in investment, policy, management and national, sectoral, and regional economic development strategy. The blue economy principles define the core of a successful blue economy in which marine activities deliver prosperous livelihoods and ecological, cultural, and social well-being. They empower an holistic, intergenerational, Tiriti o Waitangi-led management and governance approach that prioritises the health of the moana, recognises the rights and responsibilities of tangata whenua, and promotes Māori economic leadership.
Enacting the principles to transition to a blue economy
The adoption of blue economy principles signifies a commitment to transitioning to a blue economy. The principles undergird three pillars for action - novel business models, place-based development strategies, and a supportive regulatory and management regime. Each principle invites actions that will transition existing practice to what is necessary for a novel and world-leading blue economy. The document outlines different examples of supportive actions for different entities from businesses to community actors and policy agencies. Examples invite and encourage decision makers at all levels to adopt these or other actions to enact the principles wherever possible or appropriate.
Key insights
A principles-led approach can drive transitions towards a successful blue economy
Principles establish a foundation for economic success by aligning diverse values and interests, shaping policy settings, and fostering collective objectives and solutions that will meet both national and regional economic objectives as well as community concerns
Te Tiriti as foundation for a principles-led approach
The blue economy principles are Te-Tiriti led and will support the empowerment of Māori leadership of the blue economy, alongside investment in sustainable production technologies, green finance strategies, place-based economic development, novel rules regimes, and nature-based disclosure regimes.
Making blue economy transitions investable
The principles encourage high-value uses of marine resources, offering investors and entrepreneurs opportunities to secure market access and market advantage while de-risking their investments from financial, supply chain, market, regulatory, or community directives associated with environmental impacts.
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© Copyright 2024 - Tohorā
© Copyright 2024 - Tohorā
Knowledge guiding change.
