According to OECD projections, by 2030, the “Blue Economy” could outperform the growth of the global economy as a whole, both in terms of value added and employment.
The EU is a global leader in offshore wind energy, one of the fastest growing sectors, but also in developing other emerging and promising technologies like tidal and wave energy and floating solar panels and wind turbines.
The EU’s Integrated Maritime Policy aims to adopt a more coherent European approach to maritime issues in order to contribute to the creation of sustainable growth and jobs from sea-related activities. But tensions and potentially conflicting activities (transport, fisheries, energy production or leisure) are present in EU and international waters. These challenges require joint efforts through enhanced international cooperation.
It is argued that truly integrated maritime policies, adequate economic and legislative incentives, supportive public and private financial and investment flows should be the basis for sustainable ocean development.
The ocean represents a big, untapped potential. But how do we make sure that economic activities in our seas are sustainable? How can innovation contribute to a sustainable ocean development? How to encourage the development of skills and knowledge related to specific needs of the Blue Economy sector? What regulatory and financial measures should the EU take to boost investments in the Blue Economy?
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Blue economy: the potential of our oceans to contribute to a green recovery
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