Enhancing Global Sustainability: The Role of the Blue Economy in Preserving Natural Capital
Journal Title: Challenges in Sustainability - Year 2024, Vol 12, Issue 1
Abstract
This investigation delineates the critical role of the Blue Economy in preserving the planet's natural capital, a cornerstone for sustainable development. A systematic analysis of theoretical research and policy documents was conducted to elucidate the integration of economic systems with environmental conservation. Correlation and regression analyses were employed to evaluate the interactions between economic activities and the status of natural capital, with particular emphasis on Gross Domestic Product (GDP), population growth, ecological footprints, and biocapacity over the period from 1994 to 2020. The results revealed that prevalent economic practices are contributing to significant depletion of natural capital, thereby posing severe risks to both ecological and economic stability. Moreover, the efficacy of the Blue Economy in mitigating these risks was demonstrated, showcasing its potential to align economic growth with environmental preservation. This study provides compelling evidence that a transition towards the Blue Economy is not merely viable but imperative for sustainable development. The implications of these findings are pivotal for policymakers, stakeholders, and industries, underscoring the urgent need to revise economic strategies to prioritize environmental sustainability. Such a shift is deemed crucial for realizing long-term sustainability goals and ensuring economic resilience in the face of environmental challenges.
Authors and Affiliations
Oleksandra Ovchynnykova, Jurgita Martinkienė, Valentinas Navickas
Keywords
Related Articles
- EP ID EP753644
- DOI -
- Views 29
- Downloads 0
Interdependencies of Environmental Quality, Poverty, and Green Growth: A Simultaneous Equation Analysis Across Indonesian Provinces
This study explores the interrelations among environmental quality (EQ), poverty (POV), and green growth (GG) across 34 provinces in Indonesia from 2015 to 2023, employing a simultaneous equation model (SEM) to address t...
Evolution of Emissions: The Role of Clean Energy in Sustainable Development
This paper assesses green energy technology with respect to its profound impacts, particularly photovoltaic (PV) installed capacity, wind installed capacity and hydrogen fuel cells installed capacity on sustainable devel...
Impacts of Anthropogenic Activities on Morocco’s Ecological Footprint: A Long-Run STIRPAT Analysis Using VAR/VECM Modeling
This study assesses the long-term impacts of anthropogenic activities on Morocco's Ecological Footprint (EF), employing a dataset from 1980 to 2022 within the framework of the STIRPAT model and utilizing a model (VAR/VEC...
Impact of Emotional Perceptions and Social Influences on Green Consumption Practices in Vietnam
This study examines the impact of emotional perceptions and social influence on green consumption practices, with a focus on Vietnam. Conducted using a non-probability sampling method, the research drew upon responses fr...
The Impact of Rapid Urbanization on Poverty Levels in the Context of Climate Change: Empirical Evidence from Somalia
This study investigates the relationship between rapid urbanization and poverty levels in Somalia, employing annual data spanning from 1990 to 2022. The analysis focused on critical variables, including urbanization rate...