Transitioning to a blue economy- Scoping and horizon scanning

This document assesses the development, potential, and future of New Zealand's marine economy, highlighting opportunities to integrate traditional sectors, technological advancements, and Māori economy initiatives into successful blue economy growth strategies that will meet restorative environmental goals.

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Exploration of marine economy innovations

The document explores significant developments and the future of marine economic activities—a concept often encapsulated by the term 'Blue Economy'. It outlines transition efforts in traditional marine sectors, emerging areas of economic activity such as aquaculture, and the role of technological innovation. The document emphasises the importance of ecosystem-based management, highlighting the value of Māori perspectives on marine resource utilisation and the need for strategic planning that adopts these perspectives.

Detailed analysis of the blue economy trajectory

Key insights from the document reflect an analysis of political, economic, social, and legal elements shaping New Zealand's marine sectors. The document considers the impact of climate change and eco-innovation as driving forces for the blue economy. Additionally, the document discusses the merging of traditional knowledge with contemporary practices and the potential benefits of nature-based reporting and innovative financing in promoting marine resource sustainability and restoration. The report identifies opportunities for comprehensive strategic growth.

Conclusive insights and future directions

The document concludes by proposing pivotal research opportunities, particularly focusing on areas like restorative aquaculture and adaptive management. Recommendations highlight the interconnectedness of marine ecosystems, the necessity for collaboration across science challenges, and the significance of incorporating Māori insights into future economic planning. The document suggests the Hauraki Gulf as a case study region for implementing cross-sectoral, innovative blue economy solutions.

Key insights
01
Emerging marine sectors vital to economic growth

New marine industries, especially aquaculture, present considerable potential for economic expansion. Integrated, multi-trophic aquaculture and sustainable seafood production have emerged as areas ripe for innovation, suggesting a trend toward more diverse and environmentally conscious marine economies.

02
Strategic planning essential for transitioning

Recognition of the diverse roles the marine economy plays in local and national spheres is essential. Strategic planning, factoring in adaptive management, ecosystem resilience, and community-led initiatives, is necessary to chart a sustainable and prosperous course for the blue economy.

03
Maori cultural values offer blue economy insights

Māori practices and perspectives provide a unique socio-economic viewpoint that can enrich the marine economy's development. By integrating these values into mainstream economic activities, a holistic and inclusive approach to managing marine resources can be achieved, leveraging traditional knowledge for modern challenges.

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