The purpose of this book is to publish a detailed analysis of prospective
(Blue Growth) and established (Blue Economy) maritime business sectors.
The contents of the book are based on deliverables and output material from
the MARIBE (Marine Investment for the Blue Economy) project. This EU
H2020 funded research project was completed in 2016. It identified the
key technical and non-technical challenges facing maritime industries and
placed them into the social and economic context of the coastal and ocean
economy. Working with industry, MARIBE developed business plans and
real projects for the combination of marine industry sectors into multi-use
platforms (MUPs). MARIBE is the first extensive study to compare and
contrast the traditional Blue Economy with the Blue Growth newcomers.
Throughout the world there is evidence of mounting interest in marine
resources and expansion of maritime industries to create jobs and economic
growth. Energy and food security are key priorities. Expanding populations,
insecurity of traditional sources of supply and the effects of climate change
add urgency to the need to address and overcome the challenges of working in
the maritime environment. Five promising areas of activity for ‘Blue Growth’
have been identified at European Union policy level including Aquaculture;
Renewable Energy (offshore wind, wave and tide); Seabed Mining; Blue
Biotechnology; and Tourism. Work is well advanced to raise the technological
and investment readiness levels (TRLs and IRLs) of these growth industries
drawing on the experience of the traditional maritime industries such as
Offshore Oil and Gas; Shipping; Fisheries and an already established tourist
sector. An accord has to be struck between policy makers and regulators
anxious to encourage research and business incentives into sustainable de-
velopment; and developers, investors and businesses anxious to reduce the
risks of such innovative investments and ensure profitability.
In this book, sector experts working to a common template explain each
of these industries and their capacity to combine into multi-use platforms.
Factors essential to prospective business plans are identified – market, struc-
ture, lifecycle, employment, innovation and investment. The book goes on
to describe progress with reformed regimes of maritime governance within
which these industries must operate. The introduction of new planning and
regulatory regimes in four Sea Basins – North East Atlantic, Baltic and North
Seas, Mediterranean and Caribbean – are examined.
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