In the blue economy, nature not only supplies daily resources for production but also teaches us how to use them efficiently. Here are the principles of the blue economy.
Climate change and natural resource depletion are two major reasons that more individuals and public and private organizations have been looking for more sustainable consumption and business alternatives in recent years. You may have heard of the circular economy, the green economy or sustainable finance, which promote responsible production and consumption without endangering the planet.
In 2010, Belgian economist Gunter Pauli launched another initiative: the blue economy. In his book, The Blue Economy, he proposes some 100 ideas for sustainable production. In short, Pauli’s main idea is that we should make production mirror nature by using all resources efficiently and keeping waste to a minimum or turning it into raw materials to make new products.
The principles of the blue economy
To understand how the blue economy works, we will go over its most important principles, which are based on natural ecosystems.
How are the blue economy and the green economy different?
The principles of the blue economy could also pertain to the circular economy (optimizing the use of resources) and the green economy (protecting the environment). At first glance, how they all differ might seem confusing.
But for Gunter Pauli, its main proponent, the main difference is that, in the blue economy, available resources are used efficiently without increasing the costs for either companies or consumers; in the green economy, companies must make a higher investment and the consumer must therefore pay a higher price for a sustainable good or service.
Do you know the seven Rs (7Rs) to be eco-friendly? This article (in Spanish) by Sano de Lucas tells you efficient consumption habits to improve your financial health.
Oceans in the blue economy
The "blue economy" can also refer to production and related activities done in the ocean; however, the object of the blue economy is different. In the blue economy, businesses exploiting resources (through fishing or mining), producing energy, or engaging in maritime transport or tourism in bodies of water or on the coast should reduce their harm to the environment and become sustainable .
In other words, the seas provide economic resources that businesses should manage efficiently, in addition to restoring damaged ecosystems and introducing innovative technology that make consumption sustainable.
Still, whether it focuses on the oceans or imitates how nature works, the blue economy always has the same goal: to reduce the harm human activity has to the planet and to make our consumption more environmentally friendly.