Indonesia holds huge blue economic potential: minister
Indonesia wields enormous blue economic potential since the country's seas are home to almost 60% of the world's coral reefs and store abundant gas and fishery resources, said Indonesian Minister of National Development Planning Suharso Monoarfa.
Tourists spend their holiday off Bali Island of Indonesia. (Photo: AFP/VNA)
Jakarta (VNA) - Indonesia wields enormousblue economic potential since the country's seas are home to almost 60% of theworld's coral reefs and store abundant gas and fishery resources, saidIndonesian Minister of National Development Planning Suharso Monoarfa.
About 56 - 58% of the world'scoral reefs are in Indonesia, most of which can be found in Raja Ampat (WestPapua province) and Sawu Sea (East Nusa Tenggara province), he told theIndonesia Development Forum 2023 on December 18.
He emphasised that seas constitute priceless assets of thearchipelago nation, considering that they store abundant amounts of natural gasas well as wealth of fishery resources.
The official cited a study in 2020 as saying thatIndonesia's enormous blue economy potential is also reflected in the country'spotential value of marine and fishery sectors reaching 1.3 trillion USD peryear.
The blue economy is expected to create around 12 million new job opportunitiesby 2030, provide 40 times more renewable energy by 2050, and increasemarine-based food supply by six folds by 2050, Monoarfsa pointed out, adding the potential benefits gained from investment inthe blue economy are expected to hit 15.5 trillion USD by 2050.
The minister expressed his belief that by optimisingits large blue economy potential, Indonesia would yield economic benefits whileensuring protection for biodiversity and significantly lowering greenhouse gasemissions./.
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Tourists spend their holiday off Bali Island of Indonesia. (Photo: AFP/VNA) 
