According to a Global Environment Outlook report by UN Environment Programme (UNEP) today, the ever rising sea levels, increased frequent natural disasters, major waste and pollution challenges and weakening family structures around the globe require a fresh round of innovative solutions.
The solutions range from economic diversification to island-based technological and cultural innovation to regional and global policy initiatives.
In particular, it recommends action as part of a “blue-green economy” outlook, which offers the prospect of environmentally sound, socially inclusive growth with a lower level of indebtedness, transparent financial systems, food security and enhanced disaster preparedness.
A blue-green economic strategy is socially inclusive, carbon neutral, resource efficient and clean technology plan that supports a healthy environment and help conserve resources.
Transitional policy instruments need to be in place for a blue-green economy to focus on public investment and spending, development of market-based instruments and encouragement of private sector involvement.
A blue-green economy outlook requires the development of economic tools to improve the management of biodiversity, using indigenous and local knowledge in decision-making and monitoring.
“As the world enters the post-2015 era, improvements in line with the blue-green economy would include, economic diversification, economic approaches to improve the management of biodiversity, resource efficiency, and sustainable consumption and production,” says UN Under-Secretary-General and UNEP Executive Director, Achim Steiner.
Finally, a blue-green economy consist of increased awareness of resource efficiency and innovative eco-product design as well as fostering sustainable consumption and production patterns and integrated waste management strategies.