Blue Accounting to Enhance the Quality of Sustainability Report

Abstract

Natural resources from the sea and the preservation of the maritime environment are the most important parts of developing a blue economy. Indonesia is a maritime country with an area of 6,400,000 km2 of water. The sea is a source of Indonesia’s assets, with fisheries sector revenues comprising around US$ 27 billion of the total GDP, supporting 7 million jobs, and providing 50% of domestic animal protein needs. The increasing demand for natural resources, including energy from the ocean, can provide new possibilities and challenges for creating sustainable marine ecosystems, and conserving marine natural resources. Indonesia needs to reform the management of the blue economy to increase investment contributions, in order to improve the governance of existing fisheries and marine ecosystems, including mangrove forests and coral reefs. We examine data on natural resources from the ocean and assets of the blue economy to determine a conceptual framework for accounting for the value of natural resource assets; this can be used to provide stakeholders with complete information about the potential of the blue economy, thereby strengthening the need for and protecting valuable natural resources for future generations.

Keywords

• blue economy
• ocean resources
• blue accounting
• marine ecosystem
• blue economy assets