The Blue Economy aims to balance sustainable economic benefits with
long-term ocean health, in a manner which is consistent with sustainable
development and its commitment to intra- and inter-generational equity.
The term has also been used to give greater recognition to the many,
though often not priced, ocean values ranging from cultural worth and
village-based subsistence economies, to commercial and industrial
commodities. Under this definition, not all ocean-based activities are
consistent with the Blue Economy concept, because many ocean
activities are not sustainable. Blue Economy, significantly advances
practice beyond existing sustainable development frameworks. A
proliferation in terms adds more complexity to an already challenging
management space.