Blue finance will prioritize environmental sustainability, National Development Planning Ministry (PPN)/Bappenas Secretary Taufik Hanafi stated during the Guideline on Blue Finance Instrument Development document unveiling press conference here, Tuesday.
The implementation of blue economy will not drain natural resources by considering environmental preservation, the people’s prosperity, and other impacts that it causes, he remarked.
The development of blue economy also aims to resolve the challenges of our exploitative, destructive economic system that exceeds the ecosystem’s capacity or supporting power.
According to Hanafi, as the largest archipelago state in the world, Indonesia should optimize the potential of the blue sector to encourage national economic growth, albeit still considering the sustainability aspect.
On the occasion, Marine and Fishery Director at Bappenas Sri Yanti noted that the blue economy will prioritize the development of projects in conservation areas since they have tourism potential.
Meanwhile, PPN Minister Suharso Monoarfa noted that the guideline unveiling aims to strengthen and expedite the development of national economic growth.
It was also undertaken to achieve the sustainable development goals (SDGs) targets, particularly the Goal 13 on climate action and Goal 14 on life below water.