Blue economy of Bangladesh and sustainable development goals (SDGs): a comparative scenario

Abstract

Blue economy has the potential to promote economic growth, improve livelihoods, and create jobs while protecting marine ecosystems. This research uses a comprehensive analysis of secondary data sources to assess various blue economy sectors, including maritime transport, fisheries, aquaculture, offshore renewable energy, marine tourism, marine biotechnology, and ocean mining. By examining the blue economy experiences of developed nations like the United States, Canada, Japan, Norway, and Australia, the study identifies the best SDG practices and strategic lessons applicable to Bangladesh. In the case of Bangladesh, the research focuses on the blue economy initiatives, opportunities, and challenges associated with the Sustainable Development Goals (SDGs). The blue economy and SDGs nexus in the context of Bangladesh demonstrates that out of 17 goals, 12 SDGs (SDG 1, SDG 2, SDG 3, SDG 7, SDG 8, SDG 9, SDG 11, SDG 12, SDG 13, SDG 14, SDG 16 and SDG 17) are linked with blue economy practices in Bangladesh. However, in the case of developed countries, only six SDGs (SDG 7, SDG 8, SDG 9, SDG 12, SDG 13, SDG 14) are connected to the blue economy because of the diversity of blue economy practices across the countries. Situated along the Bay of Bengal, Bangladesh has significant potential to utilize its marine resources for sustainable development. However, it faces challenges such as inadequate infrastructure, regulatory gaps, environmental risks, and limited technological advancements. The study thus emphasizes the need for integrated policy frameworks, stakeholder coordination, investments in sustainable infrastructure, public–private partnerships, technological innovation, and community engagement.