{"id":41412,"date":"2024-05-09T09:38:33","date_gmt":"2024-05-09T09:38:33","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=41412"},"modified":"2024-06-25T04:57:04","modified_gmt":"2024-06-25T04:57:04","slug":"marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020\/","title":{"rendered":"Marine resources are economically very significant. Discuss citing suitable examples.UPSC Geography Optional Mains &#8211; 2020"},"content":{"rendered":"\n<p>Marine resources are the different living and non-living resources that can be used for a variety of purposes and are located in the oceans and seas. These resources are essential for the health of economies, ecosystems, and people. Living (biotic) and non-living (abiotic) resources are the two main categories into which marine resources can be divided.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69d2721166032\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2721166032\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020\/#Marine_resources_are_very_significant_economically_and_their_significance_can_be_understood_in_following_points\" title=\"Marine resources are very significant economically and their significance can be understood in following points:\">Marine resources are very significant economically and their significance can be understood in following points:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020\/#Fisheries_and_Aquaculture_as_an_important_economic_driver\" title=\"Fisheries and Aquaculture as an important economic driver\">Fisheries and Aquaculture as an important economic driver<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020\/#Coral_Reefs_massive_role_in_the_global_economy\" title=\"Coral Reefs&#8217; massive role in the global economy\">Coral Reefs&#8217; massive role in the global economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020\/#Offshore_oil_production_and_its_economic_significance\" title=\"Offshore oil production and its economic significance\">Offshore oil production and its economic significance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020\/#Marine_renewable_energy_and_its_economic_significance\" title=\"Marine renewable energy and its economic significance\">Marine renewable energy and its economic significance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020\/#Marine_Tourism_and_its_economic_significance\" title=\"Marine Tourism and its economic significance\">Marine Tourism and its economic significance<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020\/#To_get_free_counselingsupport_on_UPSC_preparation_from_expert_mentors_please_call_9773890604\" title=\"To get free counseling\/support on UPSC preparation from expert mentors please call 9773890604\">To get free counseling\/support on UPSC preparation from expert mentors please call 9773890604<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/marine-resources-are-economically-very-significant-discuss-citing-suitable-examples-upsc-geography-optional-mains-2020\/#Visit_our_YouTube_Channel_%E2%80%93_Here\" title=\"Visit our YouTube Channel \u2013 Here\">Visit our YouTube Channel \u2013 Here<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marine_resources_are_very_significant_economically_and_their_significance_can_be_understood_in_following_points\"><\/span>Marine resources are very significant economically and their significance can be understood<br>in following points:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fisheries_and_Aquaculture_as_an_important_economic_driver\"><\/span>Fisheries and Aquaculture as an important economic driver<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li> FAO estimates that around 58 million people were employed worldwide in primary fish production alone in 2020, with 21% being women.<\/li><li>oThe estimated total farm gate value of fisheries and aquaculture reached around USD 280 billion in 2020.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Coral_Reefs_massive_role_in_the_global_economy\"><\/span>Coral Reefs&#8217; massive role in the global economy<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li> National Oceanic and Atmospheric Administration (NOAA) estimates that coral reefs in southeast Florida alone contribute around $4 billion in local sales and $2 billion in local income, supporting over 70,000 jobs.<\/li><li> Coral reefs act as nurseries and breeding grounds for many fish species, providing crucial habitat and food sources for commercially important fish stocks.<\/li><li>The National Marine Fisheries Service estimates the annual commercial value of U.S. fisheries from coral reefs to be over $100 million.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Offshore_oil_production_and_its_economic_significance\"><\/span> Offshore oil production and its economic significance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li> Offshore oil production generates significant revenue for governments through royalties, taxes, and lease sales. For example, in the United States the offshore oil and gas industry contributed over $30 billion to the U.S. economy in 2016 through various economic activities.<\/li><li> The industry directly and indirectly creates jobs in various sectors, including Rig workers, engineers, geologists, and technicians involved in exploration, drilling, and production etc.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-prelims-support-program-with-test-series?type=classroom\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"300\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/10\/GS-Foundation-Course-for-UPSC-1280-x-300-px-1-1024x300.png\" alt=\"\" class=\"wp-image-46623\"\/><\/a><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marine_renewable_energy_and_its_economic_significance\"><\/span> Marine renewable energy and its economic significance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li> The International Renewable Energy Agency estimates that the marine renewable energy sector could support over 800,000 jobs globally by 2050.<\/li><li> The sector requires significant investments in research and development, infrastructure development (e.g., offshore wind farms, tidal energy projects), and grid modernization, leading to economic opportunities in construction, engineering, and related sectors.<\/li><li> According to reports, the global investment in offshore wind energy alone reached USD 33 billion in 2022<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marine_Tourism_and_its_economic_significance\"><\/span> Marine Tourism and its economic significance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li> Marine tourism includes activities like diving, snorkelling, cruising, and wildlife watching, plays a major role in the global economy.<\/li><li> World Travel &amp; Tourism Council estimates the global ocean tourism sector contributed USD 2 trillion to the global economy in 2019<\/li><li> The sector directly and indirectly employs millions of people globally in various sectors like transportation, accommodation, food service, tour operations<\/li><li> It often drives investments in infrastructure development in coastal areas, including hotels, resorts<\/li><\/ul>\n\n\n\n<p>These marine resources face challenges of varying degrees due to myriad reasons ranging from over exploitation of marine resources to marine pollution and degradation to climate change. However, Countries have been taking proactive steps to harness marine resources to fullest for eg. Deep ocean mission, Sagarmala programme, O-smart scheme, National Fisheries Development Board (NFDB), Marine Products Export Development Authority (MPEDA) by Indian government-a step in right direction<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688 lazyload\" width=\"781\" height=\"182\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 781px; --smush-placeholder-aspect-ratio: 781\/182;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"To_get_free_counselingsupport_on_UPSC_preparation_from_expert_mentors_please_call_9773890604\"><\/span><strong>To get free counseling\/support on UPSC preparation from expert mentors please call 9773890604<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\"><li>Join our Main Telegram Channel and access PYQs, Current Affairs and UPSC&nbsp; Guidance for free \u2013 <a href=\"https:\/\/t.me\/WithEdukemy4IAS\" rel=\"noreferrer noopener\" target=\"_blank\">Edukemy for IAS<\/a><\/li><li>Learn Economy for free-<a href=\"https:\/\/t.me\/+uq2Jq2ezMHE3ZjA1\" rel=\"noreferrer noopener\" target=\"_blank\"> Economy for UPSC<\/a><\/li><li>Mains Answer Writing Practice-<a href=\"https:\/\/t.me\/+HS9DZh7PTytkNjJl\" rel=\"noreferrer noopener\" target=\"_blank\">Mains Answer Writing<\/a><\/li><li>For UPSC Prelims Resources, <a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" rel=\"noreferrer noopener\" target=\"_blank\">Click here<\/a><\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_Here\"><\/span>Visit our YouTube Channel \u2013 <a href=\"https:\/\/www.youtube.com\/@EduKemyforIAS\" target=\"_blank\" rel=\"noreferrer noopener\">Here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dive into the vast world of marine resources and discover the wealth beneath the waves. Explore the abundance of life, from vibrant coral <\/p>\n","protected":false},"author":23,"featured_media":41766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3330],"tags":[232,706,140],"class_list":["post-41412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-geography-optional-mains-solved-paper-2020","tag-upsc","tag-upsc-geogrpahy","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/41412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=41412"}],"version-history":[{"count":2,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/41412\/revisions"}],"predecessor-version":[{"id":42857,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/41412\/revisions\/42857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/41766"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=41412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=41412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=41412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}