Developing the Blue Economy in Indonesia
Indonesia, an archipelagic nation with over 18,000 islands and a coastline of approximately 80,791 kilometers, has immense potential to develop its blue economy. The country's marine resources, including the rich biodiversity of the Coral Triangle, present significant opportunities for sustainable economic growth.
Recognizing this, Indonesia has formulated the Blue Economy Development Framework, emphasizing inclusive growth and sustainable development. Key established sectors in Indonesia's blue economy encompass capture fisheries, seafood processing, shipping, ports, shipbuilding, and coastal tourism.
Emerging subsectors for future development include marine aquaculture, offshore wind energy, and marine biotechnology. Despite these prospects, challenges such as overfishing, climate change, and enforcement issues pose threats to sustainable progress.
To overcome these hurdles, Indonesia is focusing on innovative financing mechanisms and fostering inter-sectoral partnerships to support research and development in emerging blue economy sectors. By addressing these challenges and leveraging its maritime assets, Indonesia aims to transform its blue economy into a driver of sustainable and inclusive economic transformation.