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Development of a (lifebuoy) blue doughnut economy for the ocean

Exploring ideas of degrowth for the blue economy

The ocean is the biggest ecosystem supporting life on Earth. In order to shift from destruction to regeneration of the ocean we need a fundamental system change in the blue economy. Recognizing that the situation is urgent Seas at risk embarked on a journey to develop system change perspectives to inform policy advocacy and campaign work to protect the oceans. Through a series of a workshops and reflection with the Seas at risk network a new ocean economy was developed which is referred to as the “Lifebuoy Economy”.

The Lifebuoy Economy draws on the concept of Doughnut Economics, and is built on a “social foundation, to ensure that no one is left falling short on life’s essentials” and it is contained within “an ecological ceiling, to ensure that humanity does not collectively overshoot the planetary boundaries that protect Earth's life-supporting systems”. Between these two sets of boundaries defined by the social foundation and the ecological ceiling lies a lifebuoy-shaped space “that is both ecologically safe and socially just: a space in which humanity can thrive”.

The co-authors of the event will present the Lifebuoy (blue doughnut) economy with reference to 3 sectoral case studies which serve to illustrate the concept of the Lifebuoy economy; shipping within planetary boundaries, Convivial conservation informed Marine Protected Areas, and Low impact community fisheries.

Co-authors: Tobias Troll, Marine Policy Director at Seas at Risk; Dr Lucy Gilliam, Senior Shipping Policy Officer at Seas at Risk.

Info

Day: 2023-08-30
Start time: 18:00
Duration: 01:30
Room: ZV-KC-Cres
Type: Special Session
Theme: Alternative economies

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Concurrent Sessions