Blue Economy: Industrialization and Militarization of Oceans?

Adam Wolfenden () and Maureen Penjueli
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Adam Wolfenden: Pacific Network on Globalization (PANG)
Maureen Penjueli: Pacific Network on Globalization (PANG)

Development, 2023, vol. 66, issue 1, 40-45

Abstract: Abstract This article looks at how ocean industrialization and militarization is taking place under the guise of development and the blue economy framework. It covers the enabling infrastructure financing, particularly deep-water ports, to secure access to ocean resources nearby as well as provide safe harbour, passage and carve out for military vessels. It also highlights how deep-sea mining is being promoted as a saviour for a transition to a climate friendly future despite its impacts on climate regulation, biodiversity and ecosystem destruction being the opposite, and details how the World Trade Organization's Agreement on Fisheries Subsidies fails to achieve the sustainability issues it set to address while letting those most responsible for overfishing and overcapacity off the hook. Finally, the soon to be adopted, UN Agreement on Biodiversity in areas Beyond National Jurisdiction is exposed as another tool of ocean governance that advantages those most able to exploit the ocean.

Keywords: Deep sea mining; BBNJ; Fisheries (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1057/s41301-023-00365-4

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