The term "blue economy" refers to the sustainable use of ocean resources to promote economic growth, livelihoods, and ecosystem health.

To promote economic growth, generate employment, and improve livelihoods while maintaining the long-term health of marine ecosystems, the "blue economy" idea places a strong emphasis on the sustainable use of ocean resources. This covers industries including shipping, tourism, aquaculture, fisheries, and the creation of ocean-based renewable energy sources like tidal and offshore wind. By limiting the influence of human activity on marine environments and avoiding overexploitation of ocean resources, the blue economy seeks to strike a balance between environmental sustainability and economic development. For present and future generations, this strategy encourages ocean conservation and responsible management.