All of Scioteca
Communities & Collections By Issue Date Authors Titles Subjects Country / Region
Profiles
Our Authors
My Account
Login

Blue BioTrade: Harnessing Marine Trade to Support Ecological Sustainability and Economic Equity

The following report describes how the application of the Blue BioTrade concept can promote sustainable and equitable economic sectors and value chains that rely on marine and coastal resources. A proposal for implementing a Blue BioTrade approach is described in Annex I. Blue BioTrade principles and criteria can be applied without the force of law through voluntary verification and certification systems that enable firms to obtain a price premium for embracing equity and sustainability. Once an international consensus on the principles and criteria for Blue BioTrade has been established, and certification systems are in place (e.g. under the existing framework of the Union for Ethical BioTrade), firms will be able to publicly demonstrate their commitment to sustainability and equity. This represents the first exchange in an ongoing dialogue on Blue BioTrade between UNCTAD, CAF –development bank of Latin America-, and their regional and national partners throughout the world. Expanding Blue BioTrade will require clear guidelines expressly tailored to the marine and coastal environment, as both the governance arrangements and ecological characteristics of oceans very different from land-based economic sectors. Four industries should be regarded as priorities for Blue BioTrade: (i) fisheries and aquaculture; (ii) marine-based pharmaceuticals and cosmetics; (iii) marine and coastal tourism, and (iv) carbon capture and sequestration. Leveraging Blue BioTrade principles can enhance both the economic value of natural capital, which supports food production, tourism, and a range of other economic activities, as well as the noneconomic benefits of ecosystem services, including water-quality maintenance, carbon sequestration, shoreline stabilization and disaster mitigation, scenic beauty, and the cultural worth of traditional livelihoods. Blue BioTrade focuses on the interconnected values and benefits of ecologically healthy, well-managed marine and coastal habitats to achieve sustainability and enhance economic efficiency.

Abstract

Description

In other languages

Español

Subject

Ambiente | Cambio climático | Desarrollo | Desastres naturales | Economía | Recursos naturales

País / Región

América Latina y el Caribe

URI

https://scioteca.caf.com/handle/123456789/1415

Date

2019-04-03

Cite from this publication

Collections

2.1 Generales

Endorsement

Review

Supplemented By

Referenced By

Thumbnail Image

Files

Blue_BioTrade_Harnessing_Marine_Trade_to_Support_Ecological_Sustainability_and_Economic_Equity.pdf (2.18 MB)

Authors

Journal Title

Journal ISSN

Volume Title

Publisher

CAF y UNCTAC

Related Items

Thumbnail Image
Nature’s Benefits: Latin America’s Fisheries and Tourism Delivered to Society by Valuable Ecosystem Services

Marine and coastal ecosystems provide valuable biotrade resources and investment opportunities throughout Latin America. Mangrove forests, coastal wetlands, estuaries, coral reefs, sea grass beds, macroalgae...

Thumbnail Image
Regional report on Sustainable Blue Economy in Latin America and the Caribbean

This report analyzes the current state and prospects of the Sustainable Blue Economy (SBE) in Latin America and the Caribbean, highlighting its potential as a...

Thumbnail Image
Blue economy for ocean health and sustainable development

“Blue Economy for Ocean Health and Sustainable Development” is a report by ImpactoCAF that describes the importance of Latin America and the Caribbean's maritime and...

Thumbnail Image
Sustainable Blue Economy Strategy

CAF's Sustainable Blue Economy Strategy is a roadmap that aims to position Latin America and the Caribbean as a leader in the sustainable use of...

Thumbnail Image
Coastal and Marine Ecosystems and Ecoturism Sector in Latin America and the Caribbean

The document is part of the UNCTAD-CAF cooperation framework on trade, environment, biodiversity and oceans economy that started in the 2002 World Summit on Sustainable...

Thumbnail Image
Biocomercio Andino. Respuestas innovadores y soluciones sostenibles para el desarrollo local en América Latina. Resumen ejecutivo

Es un resumen ejecutivo de los esfuerzos de colaboración conjunta y aprendizajes generados a partir de la ejecución de Proyecto Biocomercio Andino en Colombia, Ecuador...