The emerging ocean economy in South-east Asia
Offshore renewables are a key part of the emerging blue economy, as businesses invest in sustainable ocean-based industries to support climate goals. PHOTO: REUTERS
Synopsis: Every first and third Tuesday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.
A healthy ocean is one of humanity's greatest defences against climate change, and businesses are now starting to recognise the importance – and potential – of the emerging blue economy.
From sustainable aquaculture and farming practices, to offshore renewables and sustainable shipping, the ocean is becoming a frontier for innovation and investment.
The involvement of the private sector can bring in much-needed funding to ensure that the oceans are managed sustainably.
But what are the opportunities in this emerging sector, and is there a tension between profit-making and conservation? Tune in to this episode to hear more from Dr Alfredo Giron, head of ocean at the World Economic Forum.
Highlights of conversation (click/tap above):
1:06 What is the blue economy?
6:35 What are the traditional and emerging sectors in the ocean economy?
10:22 How can opportunities in the ocean economy be made available to developing countries?
14:59 What are some examples of bankable ocean projects?
17:45 What do countries think of the potential of the ocean economy?
22:55 What is the appetite like among businesses?
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Hosts: Audrey Tan (audreyt@sph.com.sg) & David Fogarty (dfogarty@sph.com.sg)
Produced and edited by: Hadyu Rahim & Natasha Liew
Executive producers: Ernest Luis & Lynda Hong
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