THE LEGAL IMPLICATIONS OF THE BLUE ECONOMY: NAVIGATING MARITIME GOVERNANCE AND SUSTAINABILITY

AUTHORS – PROF. (DR.) MARUTHI TR, PROFESSOR OF INTERNATIONAL LAW, DIRECTOR OF SCHOOL OF LAW, UNIVERSITY OF MYSORE, INDIA & SYEDA TASKEEN, STUDENT OF LAW AT SCHOOL OF LAW, UNIVERSITY OF MYSORE, INDIA

BEST CITATION – PROF. (DR.) MARUTHI TR & SYEDA TASKEEN, THE LEGAL IMPLICATIONS OF THE BLUE ECONOMY: NAVIGATING MARITIME GOVERNANCE AND SUSTAINABILITY, ILE INTERNATIONAL LAW REVIEW, 2 (1) OF 2024, PG. 33-44, APIS – 3920 – 0021 | ISSN – 2583-8172.

ABSTRACT

The Blue Economy represents a paradigm shift in how nations and businesses utilize and manage marine resources. It encompasses sustainable practices that aim to harness the economic potential of oceans, seas, and coasts while preserving their health and resilience. This research delves into the intricate legal dimensions of the Blue Economy, emphasizing its implications for maritime governance and sustainability. As the Blue Economy concept gains traction, aimed at fostering economic growth while ensuring ocean health, its integration into legal frameworks presents both opportunities and challenges. This study examines how international maritime laws, including UNCLOS (United Nations Convention on the Law of the Sea) and regional agreements, are adapting to incorporate sustainability principles. It explores key legal issues such as the regulation of marine resources, protection of marine biodiversity, and the balance between economic activities and environmental stewardship. By analyzing recent case studies and legal developments, the research highlights the need for cohesive legal strategies that address emerging threats and promote sustainable practices. The findings underscore the necessity for adaptive legal frameworks that can navigate the evolving landscape of maritime governance, ensuring that the Blue Economy’s potential is realized while safeguarding oceanic ecosystems for future generations.

Keywords: Blue Economy, Maritime Governance, Sustainability, UNCLOS (United Nations Convention on the Law of the Sea), Marine Biodiversity