The economic philosophy of the Blue Economy was first introduced in 1994 by Professor Gunter Pauli at the United Nations University (UNU) to reflect the needs of future growth and prosperity, along with the threats posed by global warming. The conference focused inter alia on expanding the concept of Green Economy to include the Blue Economy. The concept received a fillip when the United Nations’ Sustainable Development Goal 14 sought to “conserve and sustainably use the oceans, seas and marine resources for sustainable development”. Following the UN declaration to include blue economy into the green economy in Sept 2020, India has drafted the Economic Advisory Council to the Prime Minister Government of India New Delhi issues the first draft policy framework for INDIA’S BLUE ECONOMY.
India has 7500 km of coast line and 20.4 lakh sq km of EEZ, thus there shall be great impetus on the activities associated with the objectives to meet the Blue Economy as a sustainable goal.
Some of the activities that shall be part of the Blue Economy Sustainable Development Goal that would need specialist subsea intervention subject matter experts shall be
- Optimizing Oil and Gas subsea operations to reduce carbon emission, detrimental impact of marine ecosystem and use of advanced technology for inspection, maintenance and repair of existing subsea assets.
- Green Field Developments.
- Harnessing Ocean Energy Wind, Wave and Tides.
- Deepsea Mining.
- Naval Support.
Subsea is the most unforgiving environment in our ecosystem and to undertake all these activities needs experienced Subject Matter Experts who have worked subsea and know how to manage the risk to people, asset, environment and reputation. Delays and accidents in subsea can cause irreversible impact to Projects. The ambitious vision of India is definitely achievable, the movers and shakers of this initiative need to bring onboard the experience.