Creating value from a blue economy-Report

The report from Sustainable Seas highlights the pressing need to transition Aotearoa New Zealand towards a sustainable blue economy emphasizing ecological and community well-being. Focusing on examples of blue economy in action, it develops core concepts and identifies pathways for transitioning.

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Introduction

This report challenges the traditional growth-led economic approaches to marine economy development. It underscores a need for changes in business practice, policy, and the management of multi-use marine spaces to safeguard sustainable use of Aotearoa's marine resources. It examines the current structure of the marine economy and argues for an approach to sustainable development that begins by identifying activities and business models committed to sustainable futures. It highlights the importance of an holistic approach to economic development and the adoption of concepts such as ecosystem-based management (EBM) and just transitions to guide a transformation to a blue economy that supports marine ecosystem health and benefits communities.

Key findings and initiatives

Extensive research reveals an emergence of blue economy-oriented initiatives across seafood, tourism, and mariculture. These include sustainable seafood harvesting technologies, restorative and regenerative marine projects, and Māori-led economic strategies that demonstrate blue economy principles. The rise of green production technologies and the growing importance of tourism exemplify the potential for a transformation away from existing extractive and commodity-based approaches. They indicate a readiness to transition towards a more balanced economic model that prioritises high-value-added products, low impact production, ecological well-being, and ensuring that communities share in economic success. Current measures are restricted by an outdated management regime that struggles to facilitate meaningful economic shifts.

Recommendations and forward paths

Integrated ecosystem-based management and collective initiatives are required to build a thriving blue economy that serves communities and te mana o te moana as well as business interests, including participation by communities and cross-sectoral collaboration. Calls for policy innovation to address natural resource conflicts and promote more coordinated efforts. Framing policies around community involvement and empowering Māori leadership can support this transition. A unified national strategy involving an Oceans Agency could oversee this comprehensive approach. Phase II research by Sustainable Seas needs to be targeted to deepen the foundations for these transitions, focusing on core aspects like Māori economy, ecotourism and EBM-aligned aquaculture.

Key insights
01
Need for system-wide action to realise a sustainable blue economy

There is a requirement for profound rethinking of the aims of economic development in policy, investment, and resource management to transition to a sustainable blue economy. This involves rethinking economic growth imperatives and adopting holistic, ecosystem-based approaches that integrate cultural values and community participation.

02
Emergence of ecotourism and green production as key blue economy drivers

The growth of ecotourism and adoption of green production technologies are highlighted as significant driving forces behind the transition to a blue economy. With stakeholders seeking to harmonize economic activities with ecological well-being, these sectors offer successful models for sustainable development within marine spaces.

03
Supporting the development of a decolonised Māori economy is crucial

Māori perspectives, knowledge systems and economic models are crucial to the successful implementation of a blue economy in Aotearoa. Māori hold extensive marine assets and have extensive commercial business interests in marine spaces, as well as having deeply held cultural commitments to the health of the oceans. Māori-led initiatives that prioritise environmental stewardship and community well-being exemplify the approach required to transition to a just and successful blue economy. Māori leadership is crucial for achieving transitions to a blue economy.

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