Portugal’s Blue Economy

Do you think the EU is doing enough to support the development of the ‘blue economies’ of its member states?

The EU has been quite active in this regard. In fact, Commissioner Vella has been developing a proactive and innovative approach, putting a lot of effort on really going beyond the traditional spectrum of fisheries and maritime transport.
He has embraced «frontier» themes, designing policies and attaching financing to them, like ocean renewable energy and blue biotechnology. Furthermore, based on this effort, the Commission is preparing to launch a Blue Investment Platform, a mechanism that aims to connect blue entrepreneurs with investors, as well as to aggregate in the same innovation network the public and private investment funds that want to invest in the blue economy. But, despite all this dynamics, the message has still a long path to go through for the top policy priorities. Europe has to bear in mind that its maritime dimension is a highly strategic advantage for its international projection and leadership of a sustainable development model.

Ana Paula Vitorino

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