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Blue Biotechnology

image of Blue Biotechnology

The Commonwealth Blue Economy series aims to support the development of the blue economy in Commonwealth member countries by providing a high-level assessment of the opportunities available for economic diversification and sustainable growth in small island developing states (SIDS).

This fifth volume in the series provides a high-level assessment of the opportunities available for economic diversification through the development of a blue biotechnology sector in SIDS for food, health products and pharmaceuticals. It examines relevant examples from around the world, and outlines specific enabling conditions that could assist in moving such a blue biotechnology sector towards becoming an economic reality where opportunities exist.

English

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Summary

The marine environment provides valuable economic, social and cultural resources, which can contribute to the sustainable economic development of small island developing states (SIDS) and larger coastal states. Traditionally exploited marine resources include living resources, such as numerous species of fish and shellfish, and non-living resources, such as marine aggregates and petroleum, as well as supporting global transport and telecommunication networks. The marine environment also provides human communities with a broad range of essential services that support economic wellbeing and human health. Furthermore, new opportunities have emerged that are gradually being realised, including marine renewable energy and mariculture; currently, there is interest in marine genetic resources with potential pharmaceutical and industrial benefits.

English

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