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Blue Economy Policy: Harnessing Ocean Wealth for Sustainable Growth


Despite its extensive marine resources, the Philippines faces critical challenges, including overfishing, pollution, habitat degradation, and climate change impacts. The policy brief explores the development of a sustainable blue economy in the Philippines, emphasizing the need to harness the country’s vast marine resources for economic growth while preserving ocean health. Further, the brief discusses how the proposed Blue Economy Act seeks to address these issues by establishing a comprehensive policy framework that promotes sustainable practices, enhances governance, and integrates marine spatial planning. Key elements include creating a Blue Economy Council, improving ocean accounting, fostering blue finance, and protecting marine ecosystems. The policy brief also underscores the importance of coordinated efforts across government sectors and stakeholders to transition towards a resilient and inclusive blue economy. By implementing this framework, the Philippines can unlock the potential of its ocean resources, ensuring economic benefits while safeguarding the marine environment for future generations.


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