Search result for "Economy"

Promoting marine renewable energy (MRE) and implementation of Emission Control Areas (ECAs) are some of the measures which can be adopted by countries in the Indian Ocean Region and the South China Sea to promote maritime sustainability. Financing sustainable maritime development is also critical for implementing Blue Economy and ‘debt for nature swaps’ provide an innovative financing mechanism to fund sustainable development in the maritime domain.

This session explores critical economic and environmental issues in the South China Sea. A range of factors have impacted on the political economy of the South China Sea, including the falling price of energy, the depletion of fish stocks, and substantial environmental degradation caused by human activities. Pertinent to the discussion on these issues are analyses of regional countries’ development plans and foreign policy agendas, most notably China’s Maritime Silk Road initiative. The session examines how the need for improved infrastructure, access to maritime resources and commons, and legal obligations to cooperation for environmental protection have affected the resolution and management ...