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A Sustainable Ocean Economy to achieve UN SDGs: Opportunities and Challenges
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The year 2020 United Nations will mark it’s 75th anniversary! This anniversary provides a much-needed opportunity to reflect on the direction of the UN and ensure it is built to address the global challenges of the 21st Century. This year the theme of the Assembly will be ‘The Future We Want, the UN We Need: Reaffirming our Collective Commitment to Multilateralism’. Due to the COVID-19 pandemic, most of the event will take place primarily in a virtual format, with pre-recorded statements by heads of state and government.
It is our pleasure to inform you that GreenTech Foundation Bangladesh, partner organization United Nations Global Compact & UN Sustainable Development Solutions Network (SDSN) is going to organize a discussion session on “A Sustainable Ocean Economy to achieve UN SDGs: Opportunities and Challenges” as a side event of UN General Assembly to mark the 75th anniversary of United Nations on 5 October 2020 at 7:00pm Bangladesh Standard Time in virtual mode.
Oceans, seas and marine resources are central to the delivery of the 2030 Agenda for Sustainable Development, including the Sustainable Development Goals (SDGs). Sustainability of the Ocean’s resources is a global priority. The challenges of the ocean economy are global and will require global solutions framed within national and regional priorities. Oceans, seas and lakes support human well-being and livelihoods and underpin poverty eradication, food security, employment, industry, innovation, sustainable communities, health, tourism and protection from natural disasters, and counteract the impacts of climate change as carbon reservoirs. However, human activities continue to threaten oceans and seas and marine resources with detrimental long-term impacts for humanity and the planet.
A Sustainable ocean economy seeks to promote economic growth, responsible production and consumption, social inclusion, and the preservation or improvement of livelihoods while at the same time ensuring environmental sustainability of the ocean and coastal areas, through the circular economy. At its core, it refers to the decoupling of socioeconomic development through ocean-related sectors and activities from environmental and ecosystems degradation.
OBJECTIVE OF THE SESSION:
This session will draw the attention to the prospects of sea-based economy to promote Bangladesh in a middle-income country through the sustainable use of marine resources. At present, the countries globally are becoming very much concerned about their marine resources to resolve many of the present and future challenges of their economies. Generally, for Bangladesh, ocean is contributing a significant role to its overall socio-economic progress through rising up the economic activities across the country and especially to the coastal zone at southern part.
This side event will explore how much Bangladesh is capable to take of or handle the challenges to become a middle-income country through the Sustainable Development Goals (SDGs). In addition, it has attempted with a closer-look to find out the barriers or limitations of these activities from different angles if exist. It will also discuss on policies to exploit Blue Economy concept in sustainable manner which is otherwise called as Sustainable Blue Economy.