WHAT IS A CIRCULAR ECONOMY
A SBE is one in which people and countries can derive a continued source of value and wealth, while simultaneously protecting, maintaining, and restoring diverse, productive, and resilient river basin and marine ecosystems. It is reliant upon clean technologies, renewable energy, and circular material flows. It provides social and economic benefits for current and future generations. The concept of Blue Economy is central for sustainable development.
Much of the emphasis has been placed on short term economic gains and less on sustainability. As a result, traditional livelihoods and small-scale local operations are frequently outcompeted by international corporations and government initiatives, with little regard for social inclusion and environmental sustainability. The most fundamental principle of a Sustainable Blue Economy often overlooked in the interest of these short-term economic gains is that people are at its centre.