ABSTRACT
An integrated development of an ocean economy that is socially inclusive, environmentally responsible, and has a novel business model was suggested first in the Sustainable Development Goal (SDG 14) of the UN Conference on Climate Change in 1992. This thought matured over the next couple of decades into the concept of the blue economy introduced in 2010 by Gunter Pauli while writing his book The Blue Economy: 10 Years, 100 Innovations, 100 Million Jobs. Since then the idea of the blue economy has been gaining ground, insisting for a drastic change in perception in the way the activities in this world have been carried out so far. More so, Pauli’s thesis did not concentrate on the ocean alone, and emphasized more on revamping the existing course of technological development. For example, Pauli spoke at length on how using bamboo for house construction in South America is generating potable water, and how in China yields of paddy using saline water have been increasing every year.
