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The Sustainable Brazilian Blue Economy: A Blue Powershoring and Blue Watershoring Strategy
Summary
This paper examines Brazil's 'Blue Economy' potential — centered on its vast ocean territories and marine resources — arguing that Brazil holds unique competitive advantages in offshore renewable energy and green hydrogen production that could drive sustainable economic growth aligned with 2030 Sustainable Development Goals.
The Blue Economy offers a new paradigm and a new virtuous cycle of sustainable economic growth and development. The Blue Economy’s equitable, inclusive, intergenerational perspective on sustainable growth and development has the potential to grow considerably in the next decades. Thus, addressing a number of the Sustainable Development Goals established in the 2030 agenda. This paper addresses the Brazilian Blue Economy and its economic, social, and environmental potential. Brazil’s Blue natural capital assets offer Brazil a unique opportunity to capitalize on its Blue Powershoring and Blue Watershoring natural competitive advantages. Moreover, Brazil’s Blue Powershoring and Blue Watershoring competitive advantages position Brazil as a premier location for the production of Green Hydrogen, which will allow Brazil to enhance its global economic competitiveness by expanding its exports of green hydrogen and green hydrogen-intensive products and services.
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