Journal of Oceanography and Marine Research
Open Access
ISSN: 2572-3103
+44 1300 500008
ISSN: 2572-3103
+44 1300 500008
Enayet Karim
President, Global Economist Forum, Bangladesh
Posters & Accepted Abstracts: Oceanography
Investment in coastal area poses high risk but having huge business potentiality in the global changing atmosphere. It could generate huge employment opportunity as well. Hunting of Coastal resources could be added at least 1% growth in the global GDP. Coastal towns throughout the world are flooded with tourists who are keen to soak up the sun and unwind in relaxing surroundings. With the warmer climates of summer approaching, it�s only natural for investors to begin looking at coastal property markets for potential investment opportunities.For the past 10 years, house prices in coastal markets have typically seen strong levels of growth. In the majority of coastal locations, house prices have recorded annual growth of 10% over the last one decade. Environment and Natural Resources experts identified five projects intended to accelerate the development of the coastal and marine sector as priority areas for investment during the Coral Triangle Initiative (CTI) High-Level Financial Round Table meeting at the Philippine International Convention Center in Manila, in conjunction with the annual meeting of the Asian Development Bank. These include the establishment of an endowment fund as a sustainable financing mechanism for projects; design of a payment scheme for ecological services to promote private sector involvement; rehabilitation of mangroves as climate change adaptation strategy; establishment of an integrated information management system; and development of national integrated coastal and management program to uplift lives in coastal communities in Asia. Maine Coastal Program, promote sound waterfront planning and harbor management, balanced development of shore and harbor areas, advance planning for waterfront infrastructure improvements and access to the shore.