Abstract
The blue economy, an emerging field of research, focuses on the sustainable use of marine resources to drive economic growth, employment, and improved well-being. This study emphasizes the importance of governance policies, ecosystem conservation, and sustainable practices in the development of the maritime economy. It specifically examines the role of Marine Living Resources (MLRs) within the blue economy, highlighting their significance in biodiversity and ocean conservation. The research employs a bibliometric analysis to explore current developments in biodiversity and the blue economy, utilizing data from the Scopus database. Out of 399 documents, 211 were selected for analysis, revealing trends and patterns in the field.
The paper underscores the importance of blue finance, which promotes investment strategies that support sustainable marine resource use and biodiversity conservation. The blue economy is categorized into seven sectors, including marine living resources, maritime transport, and coastal tourism, as introduced by the European Union. The study also highlights the need for regulatory policies aligned with sustainability principles to balance economic growth with environmental preservation. Technological advancements are identified as crucial for addressing environmental challenges and protecting marine ecosystems.
The findings suggest that while the blue economy and biodiversity have gained significant attention in recent years, there is a lack of sufficient policy support to address biodiversity loss and promote sustainable ocean resource use. The study concludes that blue finance plays a pivotal role in closing the financial gap for ocean sustainability and calls for increased investment in innovative technologies to support economic development and ecosystem preservation. This research provides valuable insights for future studies and policy-making in the field of blue economy and biodiversity conservation.