Capitalizing on Co-Benefits and Synergies to Promote the Blue Economy in Asia and the Pacific

Masanori Kobayashi, Atsushi Watanabe, Keita Furukawa, Keshia N. Tingson, Yimnang Golbuu and Cielito F. Habito
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Masanori Kobayashi: Asian Development Bank Institute
Atsushi Watanabe: Asian Development Bank Institute
Keita Furukawa: Asian Development Bank Institute
Keshia N. Tingson: Asian Development Bank Institute
Yimnang Golbuu: Asian Development Bank Institute
Cielito F. Habito: Asian Development Bank Institute

No 1295, ADBI Working Papers from Asian Development Bank Institute

Abstract: A blue economy has become a pivotal policy objective to promote sustainable development through the conservation and sustainable use of marine and coastal resources. An approach to promote co-benefits and synergies is useful for a wide range of stakeholders. To articulate such co-benefits and synergies, we chose cases for analysis based on the co-benefits and synergies in the promotion of a sustainable blue economy. We performed a socio-ecological system analysis to examine the interface of marine and coastal ecosystem changes and the policy and institutional responses. In the analyzed cases, we identified a sound policy framework, multi-stakeholder and cross-sectoral collaboration, innovation, and science-based policy development and implementation as factors that catalyzed co-benefits and synergies. On the other hand, market disruption, changes in the marine environment, and climate change impacts impeded the efforts to promote a blue economy. The results of the analysis demonstrated that capacity development and international partnership are indispensable to promote a blue economy and scale up this effort. The analysis also inferred that research institutes can play a role in providing policy options and courses of action to assess the locally available resources and pursue co-benefits and synergies through the conservation and sustainable use of marine and coastal resources with the aim of achieving a sustainable blue economy.

Keywords: blue economy; co-benefit; synergies; trade-offs; innovation; partnership (search for similar items in EconPapers)
JEL-codes: Q00 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2021-12
New Economics Papers: this item is included in nep-agr, nep-env and nep-sea
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