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

Author

Listed:
  • Kobayashi, Masanori

    (Asian Development Bank Institute)

  • Watanabe, Atsushi

    (Asian Development Bank Institute)

  • Furukawa, Keita

    (Asian Development Bank Institute)

  • Tingson, Keshia N.

    (Asian Development Bank Institute)

  • Golbuu, Yimnang

    (Asian Development Bank Institute)

  • Habito, Cielito F.

    (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.

Suggested Citation

  • Kobayashi, Masanori & Watanabe, Atsushi & Furukawa, Keita & Tingson, Keshia N. & Golbuu, Yimnang & Habito, Cielito F., 2021. "Capitalizing on Co-Benefits and Synergies to Promote the Blue Economy in Asia and the Pacific," ADBI Working Papers 1295, Asian Development Bank Institute.
  • Handle: RePEc:ris:adbiwp:1295
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    More about this item

    Keywords

    blue economy; co-benefit; synergies; trade-offs; innovation; partnership;
    All these keywords.

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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