Authors: Assistant Professor Ruchi Malhotra
Abstract: Blue assets, encompassing oceans, seas, coastal ecosystems, and marine resources, represent a critical yet undervalued component of the global economy. This chapter examines the dual nature of blue assets as both powerful economic drivers and vulnerable natural systems facing unprecedented threats. The chapter explores the multifaceted economic contributions of blue assets, including fisheries, maritime transport, tourism, energy production, and ecosystem services valued at trillions of dollars annually. Simultaneously, it analyzes the fragility of these assets due to climate change, pollution, overexploitation, and habitat degradation. Through a comprehensive review of current literature and case studies, this chapter highlights the urgent need for sustainable blue economy frameworks that balance economic development with environmental conservation. The findings underscore that the future prosperity of coastal nations and global food security depends critically on protecting and managing blue assets effectively. The chapter concludes with recommendations for policy interventions, innovative financing mechanisms, and integrated coastal zone management strategies essential for ensuring the long-term viability of blue assets.
