Jobs and growth from our seas (Blue Economy)

This communication identifies several issues that hold back innovation in the blue economy and sets out the European Commission’s plans for addressing the key barriers. Stimulating innovation in the blue economy will help develop our seas’ and oceans’ economic potential in a sustainable manner, providing jobs and growth.

ACT

Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions - Innovation in the Blue Economy: Realising the potential of our seas and oceans for jobs and growth (COM(2014) 254 final/2 of 13 May 2014).

SUMMARY

This communication identifies several issues that hold back innovation in the blue economy and sets out the European Commission’s plans for addressing the key barriers. Stimulating innovation in the blue economy will help develop our seas’ and oceans’ economic potential in a sustainable manner, providing jobs and growth.

WHAT DOES THIS COMMUNICATION DO?

KEY POINTS

BACKGROUND

This communication follows on from a European Commission communication from 2012 that demonstrates that Europe’s seas, oceans and coasts can contribute to the Europe 2020 strategy for smart, sustainable and inclusive growth.

KEY TERMS

The ‘blue economy’ refers to the part of the EU economy driven by the seas and oceans, while ‘blue growth’ refers to innovation and job creation in the marine and maritime sectors.

Further information is available from the European Commission’s Directorate-General for Maritime Affairs website, a press release and a memo for the press.

RELATED ACTS

Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions - Blue Growth opportunities for marine and maritime sustainable growth (COM(2012) 494 final of 13 September 2012).

last update 08.12.2014