Blue economy pushed to boost energy needs

Stakeholders from various sectors believe that harnessing the power of the blue economy could help the Philippines meet its increasing energy needs amid over-reliance on imported fuels that make electricity expensive.

- ARGYLL CYRUS GEDUCOS

This developed as various stakeholders and resource persons gathered at a multi-sec toral dialogue, "Philippine Blue Economy: Moving Forward," hosted by the FVR Legacy Initiative and the Philippine Rural Reconstruction Movement (PRRM).

During the discussion, the stakeholders gave their input for a comprehensive national strategy for the country's transition to an inclusive blue economy.

Blue economy refers to the sustainable use of ocean resources for economic growth, improved livelihoods, and job creation while preserving marine ecosystem health.

Four workshops tackled the blue economy's pressing issues concerning fisheries, aquaculture and marine-based products, energy, maritime transport, and coastal and marine tourism.

Considering that oceans are a source of immense renewable energy potential, stakeholders are in agreement that these could drive a blue economy. Specifically, they thought this could cut down the country's dependence on fossil fuels, effectively mitigating the worsening effects of climate change.