Potentialities and challenges of Blue Economy in Bangladesh
Blue economy is a sustainable ocean-based new economy concept.
It has numerous opportunities for sustainable development in socio-economic sectors in every Maritime nation.
Bangladesh has gained a large marine zone with enriched natural resources in the Bay of Bengal. This study aims to identify the blue economy opportunities and challenges for blue growth in Bangladesh. Coastal and marine living and non-living resources are the main components of the blue economy. Conversely, climate change driven events, sea level rise, pollution and lack of skilled manpower are identified as challenges To achieve sustainable blue growth in Bangladesh needs strategic spatial planning, regional cooperation and technological development.
Currently Bangladesh already has taken some successful initiatives.
Scope of Blue Economy(BE) in the Bay of Bengal (BoB) in Bangladesh part
Bay of Bengal is the backbone of Bangladesh Economy. it might create jobs for millions and bring about noticeable changes in the lives and livelihood of the millions of people living along the coastline, in islands and across Bangladesh,
if the marine resources belonging with many sectors are managed and governed by principles of biodiversity protection, conservation is community-led and efforts for care are intertwined with a vision of scientific
understanding(Hussain et al. 2017)
The recent two verdicts of maritime boundary of Bangladesh with Myanmar and India, allowed the country to exercise sovereign right to 118,813 sq. Km of waters extending up to 12 nautical miles of territorial sea
and a further Exclusive Economic Zone (EEZ) of 200 nautical miles into the sea and Continental Shelf extending up to 354 nautical miles (nm) from the Chittagong coast.
Under BE, Bangladesh can directly or indirectly be benefited from different sectors such marine fisheries and aquaculture, Marine biotechnology, Hydrocarbon and minerals exploration, shipping and port facilities, marine ecotourism, carbon sequestration and renewable energy. These are major the potentials Ocean based sectors
Table 1: Major marine resources and their
potentials (precisely modified (Hussain et al., 2017))
Marine resources
|
Sector
|
Present potentials
|
Future potentials
|
Living marine resources of
Bangladesh
|
Marine fisheries and mariculture
|
Seabass, crab , mullet ,
shrimp , hilsha and grouper etc.
|
Large scale production and offshore culture
|
Nontraditional species culture
|
Seaweed, oyster and mussel etc.
|
Alternative food
|
Marine biotechnology
|
Coral , seaweed ,marine bacteria
|
Chemical , medicine and others
|
Carbon sequestration
|
Mangrove , salt marsh , seagrass
|
Storing carbon and reduction of CO2
|
Non –living marine resources of Bangladesh
|
Oil , gas and minerals
|
Exploration , extraction and mining
|
Use of high tech for more supply
|
Sea salt
|
Long coastline for Solar evaporated salt
|
Sustainable production
|
Marine renewable energy
|
Wind , tide , wave , current etc.
|
Supply electricity to the national grid
|
Marine trade
|
Port
|
Use of high tech and skilled manpower for more profit
|
Ship breaking
|
ship building and second handed materials
|
Use of high tech for more profit
|
Oceanographic research and
human resources
|
Human development and research
|
Skilled nation of blue growth
|
Marine Ecotourism
|
Mangrove , beach , island and offshore
|
Strengthening economy
|
Marine spatial planning
|
Marine resource management
|
Tool and guide for marine sector development
|
References
- Bari, Abdullahel. 2017. “Our Oceans and the Blue Economy: Opportunities and Challenges.” Procedia Engineering 194: 5–11. https://doi.org/10.1016/j.proeng.2017.08.109.
- Chowdhury, Sayedur Rahman, M. Shahadat Hossain, S.M. Sharifuzzaman, and Subrata Sarker. 2015. “Blue Carbon in the Coastal Ecosystems of Bangladesh.” Experimental Fingings 12 (December). https://doi.org/10.13140/RG.2.1.1001.1284.
- Hossain M.S., Hossain, M.Z. and Chowdhury, S.R. 2006. “An Analysis of Economic and Environmental Issues Associated with Sea Salt Production in Bangladesh and Thailand Coast.” International Journal of Ecology and Environmental Sciences 32, 159–72.
- Hossain, M Shahadat, Mostafa Hossain, and Sm Sharifuzzaman. 2015. “Background Paper for Preparation of O PPORTUNITIES AND S TRATEGIES FOR O CEAN AND R IVER Prepared by Submitted to Food and Agriculture Organization of the United Nations Bangladesh Country Office , Dhaka , Bangladesh” 6 (February): 379–85.
- Hossain, Md Shahadat. 2001. “Biological Aspects of the Coastal and Marine Environment of Bangladesh.” Ocean and Coastal Management 44 (3–4): 261–82. https://doi.org/10.1016/S0964-5691(01)00049-7.
- Hossain MS, Chowdhury SR, Sharifuzzaman SM. 2017. “Blue Economic Development in Bangladesh: A Policy Guide for Marine Fisheries and Aquaculture.” Institute of Marine Sciences and Fisheries, University of Chittagong, Bangladesh, 32pp.
- Hussain, M. Gulam, Pierre Failler, A. Al Karim, and M. Khurshed Alam. 2018. “Major Opportunities of Blue Economy Development in Bangladesh.” Journal of the Indian Ocean Region 14 (1): 88–99. https://doi.org/10.1080/19480881.2017.1368250.