Blue Economy

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Blue Economy

NO Student name ID 1 Angeline Heng Jing Ming 1806606 2 Chong Hui Li 1604855 3 Lee Yi Theng 1807117 4 Tan Jia Wei 1806653 5 Tan See En 1904323

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Table Of Content

No Content 1 Introduction 1.1 Blue Economy Policy 2 Critics the Policy 3 Advantages and Disadvantages 4 Areas of Improvement 5 Suggestion on Sustainability 5.1 Conclusion

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Introduction Of Blue Economy

The idea or new worldview of the Blue Economy arose with regards to the Rio+20 Conference on Sustainable Development and the Green Economy. Around then it very well may be viewed as a part of the Green Economy.

The blue economy is the "manageable utilization of sea assets for monetary development, improved jobs, and occupations while safeguarding the wellbeing of sea environment."

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Blue Economy Policy

Blue Economy concept had attracted involvement of global and ASEAN countries To maintain maritime economic growth and enhance human livelihoods while preserving the sustainability of the oceans and coastal areas incorporated by social elements. Blue Economy comprises conventional economic activities. To comprehend and resolve the interrelated ocean-based issues Ocean-based economic activities are different for each nation respective to the country’s financial status and prospects

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Critics the policy

• Sea-based development was being critiqued as a cause to divest resources from local users which indicates that spatial enclosures were taking place gradually • The growth of ocean may lead to negative effect or damage the livelihoods of small-scale fishers • In the fishery sector, the attention on capitalization, privatization and profits has increased the industrialization of fisheries, rising revenue of corporate and concentration of ownership • Risks related to growth-based policies that enables large-scale enterprises and net economic growth to enjoy privilege rather than considering the livelihood and rights of those small-scale fishers

Tan Jia Wei 1806653

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Critics the policy

• Gaps are noteworthy between rhetoric and reality • Oil development which always generate massive economic advantages where neither hiring or purchasing of goods and services might not flow through nearby coastal communities or cities • O il producers countries such as Malaysia, Vietnam or Indonesia, t he economic situation of substantial local people in “oil cities” may become worse due to high living costs

REALITY CHECK AHEAD

Tan Jia Wei 1806653

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Advantages & Disadvantages of the Blue economy to ASEAN

Advantages Sustainable development (e.g. Avoid overexploitation) Awareness of maritime and prompted to o pen up new areas of cooperation ( e.g. ASEAN & India) Reduce unemployment rate in ASEAN Countries

Disa dvantages Marine security is affected (e.g. piracy) Increase the conflict of the business Promotion of illegal activity (e.g. IUU fishing)

Lee Yi Theng 1807117

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Strategy towards Sustainability Brunei

2 3 Investment Aquaculture Enforcement of laws Fisheries Order 2009 Fisheries Limits A c t Engaged in conventions Global Territorial 1

4 No catching of endangered species 5 Maximum Sustainable Yield (MSY) 6 Zoning systems Enforced fishing gears types Banned trawlers

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Green maritime industry Ships Port Energy and Awareness programmes Grant of incentives Transformation of conventional to the low carbon shipping industry

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Strategy towards Sustainability (continue) Singapore

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Vessels outside emission control areas: Bunker < 0.5% sulphur Vessels without abatement technology (scrubbers): Disallow bunker > 0.50% sulphur Published guidelines by MPA Methods to comply with the IMO regulations Procedures & requirements for vessels to port call at Singapore Cooperation of MPA with bunker suppliers and cargo merchants Ensure the future supply of the said bunker fuel is sufficient

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Strategy towards Sustainability (continue) Singapore

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Chemical Spill Exercise (ChemSpill Ex) Drill preparedness and response capabilities Establishment of the Bunker Spill Task Group (BSTG) to identify the Factors of bunker spillage Strategies to improve bunker operations Guidelines are documented in Port Marine Circular No. 13

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Strategy towards Sustainability (continue) Singapore

△ Joint chemical spill exercise by Port Authority of Singapore (MPA) and the Malaysia Marine Department (MMD) on 09 April 2014

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Conclusion

I nternational laws & regulations Substantial & long-term implementation Public awareness & mindset

Sustainable marine environment is imperative 97% of water was sourced from the ocean Reduce social threats Enhance human welfare