Investment in the Blue Economy #InvestEU Investment in the Blue Economy Bernhard Friess European Commission Directorate General of Maritime Affairs and Fisheries

traditional and emerging sectors shipbuilding renewable energy bio-technology fishing aquaculture desalination blue economy coastal protection innovative aquaculture shipping oil and gas marine technology An overview of traditional and emerging sectors tourism circular economy

BLUE ECONOMY Winners and losers 1. A broad look at the markets (the 10-year GVA of all maritime sectors). 10 years of economic data show that while traditional maritime sectors show sluggish growth, some hardly recovering to pre-crisis levels, the marine bio-economy sectors have been growing fast - and innovative, emerging maritime sectors even faster.

winners cruise passenger growth 2. Where is the growth potential? Innovation is a strong driver of growth in maritime industries and emerging blue sectors can open up entirely new markets.  While innovation is supported largely by research and development, support for transfer into the market is often missing. See example of offshore wind  

Example 2: ocean wind

energy transition proportion of EU renewable energy generated offshore

sustainability creates economic rewards 3. Where are the sustainable opportunities: Many of the new and expanding maritime industries can be sustainable and help utilise the resources of our oceans responsibly, with the Sustainable Development Agenda leading objective and framework. Conversely, sustainability can be a driver for business and there is often an economic premium on sustainability. Example 1: fisheries

innovation for sustainable development goals waste to 3-d printers circular economy energy efficiency fuel saving 5-30% Nematodes as the world first pathogen free, ready-to-use and sustainable live feed for larval aquaculture industry. From a Horizon2020 project food security sustainable live feed