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The Future of Blue Economy: Lessons for European Union

100%
Kaczynski W.
Foundations of Management
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2011
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vol. 3
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issue 1
21-32
EN
Advancing global economic integration through the oceans, an interplay of economic, social, climatologic and technical forces are bringing the oceans to the forefront of resource development and business activity. With oceans covering over 70 percent of the Earth's surface, the future of the ocean space is increasingly being shaped by the interaction of numerous and powerful forces, most important of them being human activities. Over next 20 years, increasing uncertainty will be generated by the confluence of rapid social, cultural, technological and geopolitical changes. The rapid global increase in the production outputs of industry, agriculture and fisheries, as well as rising levels of consumption of marine products and the demand for coastal space worldwide is exerting increasing environmental pressure on the ocean. There is a need to identify more effective means to reduce the environmental impacts generated by the economic growth and its by-products. Sustainable approaches meet the needs of present without compromising the ability of future generations to satisfy their own needs. The Blue Economy concept is about the commercial development of oceans in a sustainable way. Poland's future economic security is linked with country's presence in the world ocean and successful membership in international bodies such as European Union, NATO and various United Nations maritime organizations. These factors will also determine Poland's place and its role in the global ocean economy.
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EU Involvement in the Financing of the Blue Economy

100%
Proczek M., Garbarczyk M.
Studia Europejskie-Studies in European Affairs
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2023
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vol. 27
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issue 1
149-161
EN
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.
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