Download full text
(external source)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://doi.org/10.33067/SE.1.2023.7
Exports for your reference manager
EU Involvement in the Financing of the Blue Economy
[journal article]
Abstract The prospect of implementing the concept of the Blue Economy is currently still at a relatively early stage of achieving its full potential. The purpose of this paper is to present the idea of the ocean economy and selected aspects of its financing, including initiatives undertaken in this area by t... view more
The prospect of implementing the concept of the Blue Economy is currently still at a relatively early stage of achieving its full potential. The purpose of this paper is to present the idea of the ocean economy and selected aspects of its financing, including initiatives undertaken in this area by the European Union. Part I characterises the Blue Economy, part II discusses selected aspects of financing a sustainable ocean economy, and part III analyses the institutional approach, particularly within the EU, to the financing process of this type of economy. The descriptive method was used to conduct this study, and the available literature on and legal acts related to the subject of the article has been analysed. The undertakings made so far, especially by the EU, are impressive and, moreover, are driving global activity towards the sustainable financing of the Blue Economy. It is becoming a fundamental priority to realise the governments' and international organisations' aspirations to make economies independent from excessive carbon emissions, to counteract water degradation, overfishing, and shrinking drinking water resources. In the long term, it is important to develop coherence between the actions of national entities and the sources and methods of international funding. This is in order to develop a mutual, global good of innovative financing of coastal projects for sustainable development.... view less
Keywords
EU; climate policy; seas; environmental protection; climate protection; environmental damage
Classification
Special areas of Departmental Policy
Ecology, Environment
Free Keywords
Blue Economy; ocean economy; climate neutrality; Blue Bonds; BlueInvest
Document language
English
Publication Year
2023
Page/Pages
p. 149-161
Journal
Studia Europejskie - Studies in European Affairs, 27 (2023) 1
ISSN
1428-149X
Status
Published Version; peer reviewed