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Review Papers | Marine Environment | India | Volume 12 Issue 5, May 2023 | Popularity: 4.6 / 10

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Ocean Resources and its Sustainable Development

Shashank More, Dr. Manisha Kulkarni, Dr. Madhavi Indap

Abstract: The ocean is a vast and complex ecosystem that covers over 70% of the Earth's surface. It plays a critical role in regulating the Earth's climate, providing food to millions of people, and supporting a rich and diverse array of plant and animal species. This marine ecosystem provides a range of valuable resources to support human well - being and economic development. These resources include food, energy, minerals, and transportation, among others. The economic sector that conserves aquatic environment while using in a sustainable way to economic growth development refer as Blue Economy. The blue economy encompasses a wide range of sectors and activities, including fisheries, aquaculture, shipping, tourism, renewable energy, and biotechnology. The global fish market is worth billions of dollars each year. The ocean is a significant source of oil and gas, and offshore drilling is an essential industry in many countries. The oil and gas industry are worth trillions of dollars globally. The ocean floor contains a variety of minerals, including copper, nickel, and cobalt. These minerals are essential for a range of industries, including electronics and renewable energy. The ocean is a significant tourist destination, with many coastal communities relying on tourism for their economic development. Beaches, water sports, and marine life are some of the attractions that draw tourists to the coast. The economic development of marine biotechnology has put positive impacts. The development of marine biotechnology has also created new job opportunities in research and development and boost economy globally. This Blue economy is a concept that refers to the sustainable use and management of ocean resources to promote economic growth, social inclusion, and environmental sustainability. Sustainable use of this marine resources is critical for the long - term health and wellness of the ocean ecosystem and the people who depend on it. It is essential to manage these resources responsibly, balancing the economic, social, and environmental aspects of resource use.

Keywords: Marine resources, Blue economy, Ocean resources

Edition: Volume 12 Issue 5, May 2023

Pages: 2160 - 2171

DOI: https://www.doi.org/10.21275/SR23523115951

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