Search Results (55)

In the 2021 summit, ASEAN leaders acknowledged the ocean as an essential driver of economic recovery post pandemic, leading to the ASEAN Declaration on the Blue Economy for the responsible management of marine resources. As an ASEAN nation with a long history in the fishing sector, Indonesia then actively spread this concept across the region. The hegemony theory of Gramsci, which considers the interaction of a nation’s material resources, ideational influence, and institutional strategy, is further used to assess Indonesia’s leadership dynamics in the ASEAN to obtain consensus-based power. In this study, Joko Widodo’s speeches from 2023 are taken out and coded to determine the narrative that Indonesia constantly reinforces. With thematic analysis, speech data is processed to generate keywords such as unity, cooperation, and shared responsibilities, which Indonesia often uses to advance its regional agenda. By aligning member states’ interests with regional goals, Indonesian governance creates common ground for a blue economy and emphasizes how the sea is an integral source of opportunity for the region’s position as the Epicentrum Of Growth. Instead of pushing countries to agree with directives, Indonesia effectively advocates for regional agreements and ASEAN-led structures through the blue economy framework, with the ABEF emerging at its 2023 ASEAN chairmanship deliberations. Full article

The effect of white and additional red and blue LED lighting at night (Blue-NLL, Red-NLL) and during the pre-harvest period (Blue-P-hLL, Red-P-hLL) on morphological and physiological parameters, elemental composition, content of polyphenols, and essential oils of purple basil cultivars ‘Ararat’ and green basil ‘Tonus’ grown in the hydroponic conditions of the climatic chamber was studied. The height of the plants was determined by the variety and the LED irradiation period. The highest purple basil plants were obtained in the variant with Blue-NLL illumination; the highest green basil plants were obtained under Blue-P-hLL and Red-P-hLL. The red spectrum, regardless of the lighting period and variety, increased the area and number of leaves, biomass, and vegetative productivity. Significant changes in the elemental composition of the vegetative mass of basil varieties were determined by the period of exposure to the red spectrum. Red-P-hLL stimulated the absorption and accumulation of Mg, Ca, S, and P from the nutrient solution, and Red-P-hLL reduced the nitrate content by more than 30.00%. Blue-NLL lighting increased the content of quercetin, rosmarinic acid, and essential oil and reduced the nitrate content in the vegetative mass by more than 40.00%. The effectiveness of the white LED was observed in increasing the vegetative mass of ‘Tonus’. The results of this study will be in demand in the real sector of the economy when improving resource-saving technologies for growing environmentally friendly leafy vegetable crops with improved chemical composition and high vegetative productivity. Full article

This study investigates the attributes influencing the adoption of fintech services for sustainable investment within the blue economy. Specifically, it integrates the Diffusion of Innovations (DOI) theory and the Technology Acceptance Model (TAM) to examine how the perceived relative advantages, compatibility, complexity, trialability, and observability of fintech services influence their perceived ease of use and perceived usefulness, and it explores their impact on the intention to adopt fintech services. Finally, the study assesses how the intention to adopt fintech services affects sustainable investment decisions in the blue economy. Data were collected from 224 stakeholders in the blue economy sectors in India during the summer of 2024 and analyzed using structural equation modeling with partial least squares (SEM-PLS). The results reveal which attributes significantly influence perceived ease of use and perceived usefulness. Additionally, perceived ease of use and perceived usefulness significantly influence the intention to adopt fintech services. The intention to adopt fintech services positively impacts sustainable investment decisions in the blue economy. This study provides a comprehensive framework for advancing fintech services that support sustainable investment decisions, thereby contributing to the growth of the blue economy. Full article

In response to growing environmental concerns, hydrogen production has emerged as a critical element in the transition to a sustainable global economy. We evaluate the impact of hydrogen production on both the financial performance and market value of energy sector companies, using balanced panel data from 288 European-listed firms over the period of 2018 to 2022. The findings reveal a paradox. While hydrogen production imposes significant financial constraints, it is positively recognized by market participants. Despite short-term financial challenges, companies engaged in hydrogen production experience higher market value, as investors view these activities as a long-term growth opportunity aligned with global sustainability goals. We contribute to the literature by offering empirical evidence on the financial outcomes and market valuation of hydrogen engagement, distinguishing between production and storage activities, and further categorizing production into green, blue, and gray hydrogen. By examining these nuances, we highlight the complex relationship between financial market results. While hydrogen production may negatively impact short-term financial performance, its potential for long-term value creation, driven by decarbonization efforts and sustainability targets, makes it attractive to investors. Ultimately, this study provides valuable insights into how hydrogen engagement shapes corporate strategies within the evolving European energy landscape. Full article

Effective monitoring and evaluation (M&E) are essential for ensuring that Maritime Spatial Planning (MSP) contributes to the sustainable development of the blue economy while maintaining alignment with institutional frameworks. The study presented in this paper develops a stakeholder-driven M&E framework for sustainable MSP, emphasizing a participatory methodology to enhance the relevance and applicability of performance assessment. Using a structured mutual learning approach, the research engaged stakeholders in two iterative rounds: the first identified key strategic objectives for a sustainable blue economy through dialogue and a complementary questionnaire survey, while the second refined these into corresponding specific objectives. This process was applied in the context of a case study in Greece, where MSP implementation is shaped by national and EU regulatory frameworks and the socio-economic dynamics of the coastal and maritime sectors. The case study provided a practical testing ground for the proposed methodology, involving stakeholders from government, industry, and civil society to ensure a comprehensive perspective. The insights gained informed the design of a key performance indicator (KPI) framework, integrating qualitative and quantitative metrics tailored to the regional maritime governance landscape. These metrics were selected based on the SMARTIE (Specific, Measurable, Achievable, Relevant, Time-Bound, Inclusive, Equitable) criteria and were clearly aligned with the established objectives. The frequency of measurements, appropriate data collection methods, and indicative data sources were also defined to provide a complete KPIs framework. This stakeholder-driven methodology strengthens the adaptive capacity of MSP by ensuring continuous assessment and revision aligned with sustainability objectives and facilitating ex ante, intermediate, and ex post evaluations. The proposed framework is scalable and transferable, offering a systematic approach to improving policy coherence and decision-making across different geographic, administrative, and sectoral contexts, enabling sustainable governance and maritime governance. Full article

The fishing sector is a key component of the European Blue Economy, contributing to economic growth, food security, and employment. However, it faces sustainability challenges, including overfishing, biodiversity loss, and climate change impacts. This study uses decision tree modeling to assess the sector’s prioritization within the Blue Economy, comparing its economic and environmental footprint to other maritime industries. Using EU Fleet Register data, findings reveal disparities in fleet modernization and efficiency, with industrialized fleets in Spain, France, and Italy exhibiting higher tonnage and power, while artisanal fisheries in Greece and Portugal remain more vulnerable to economic and environmental shifts. The study highlights the sector’s economic relevance but also its exposure to regulatory constraints, emphasizing the need for modernization and stricter sustainability policies. The paper proposes technological innovation, enhanced regulations, and conservation-based management to align fisheries with Sustainable Development Goal 14, the EU Common Fisheries Policy, and the European Green Deal. These insights provide data-driven strategies for policymakers and industry stakeholders to ensure a more sustainable and resilient fishing sector. Full article

Marine microorganisms have emerged as prolific sources of bioactive natural products, offering a large chemical diversity and a broad spectrum of biological activities. Over the past decade, significant progress has been made in discovering and characterizing these compounds, pushed by technological innovations in genomics, metabolomics, and bioinformatics. Furthermore, innovative isolation and cultivation approaches have improved the isolation of rare and difficult-to-culture marine microbes, leading to the identification of novel secondary metabolites. Advances in synthetic biology and metabolic engineering have further optimized natural product yields and the generation of novel compounds with improved bioactive properties. This review highlights key developments in the exploitation of marine bacteria, fungi, and microalgae for the discovery of novel natural products with potential applications in diverse fields, underscoring the immense potential of marine microorganisms in the growing Blue Economy sector. Full article

Blue Biotechnology (BBt) is a young and promising sector in the Mediterranean region with the potential to drive innovation and strengthen the Blue Economy (BE). However, its progress is constrained by fragmented coordination among stakeholders, impeding policy development and efficient resource management. Under this context, this study investigates the role of networks of diverse stakeholders, particularly the Spanish Blue Biotechnology Hub (BBHub) and a digital tool, ICT Matchmaking Tool (which connects network actors), in addressing these challenges by fostering collaboration, enhancing governance and supporting sustainable innovation. Building on this, the research employed the quadruple helix model (administrations, academia and research, industry and society), engaging 214 individuals from 130 organizations in the BBHub network. A survey assessed participants’ involvement and influence perceptions, followed by the formation of a discussion group “called sherpa group” of 10 key stakeholders for in-depth discussions through semi-structured interviews and meetings. Through this approach, key barriers to BBt and potential solutions for BE sustainable growth in Spain were identified, including regulatory obstacles, limited funding or weak public-private collaboration. Among the solutions proposed were the simplification of administrative processes to create new business, the creation of specific funding opportunities or the implementation of labelling policies to promote BBt products and value chains. Considering these findings, the study demonstrates that the BBHub network and ICT Matchmaking Tool could enhance stakeholder coordination, governance and decision-making processes in Spain. By addressing these gaps, these tools enable collaboration and better coordination among actors, contributing to sustainable marine resource use and innovation in the BBt and BE sector. However, sustained progress requires stable funding and stronger stakeholder commitments. In turn, as a broader implication, this research provides a replicable model for leveraging open innovation and multi-stakeholder frameworks to promote coordination, policy development and sustainable growth in the BBt and BE sectors. Thus, it offers insights into addressing governance challenges in Spain and the Mediterranean, advancing the use of marine bioresources through collaborative approaches. Full article

Marine strategy requires a high level of understanding of the interrelationships and processes occurring between the various social and ecological systems that coexist in the same environment, given the high degree of complexity of such a system. Maritime Spatial Planning (MSP) is a process for implementing ecosystem-based management in the marine and coastal environment, expressing the ambitious goal of protecting the natural capital of the oceans and promoting sustainable economic growth in the maritime sectors from a holistic perspective. One of the main challenges in MSP is to identify methods and tools for integrated assessments of socio-economic aspects with physical and environmental variables, attempting to assess the economic costs and benefits of a plan and to detect a cause-and-effect relationship between MSP and the performance of the blue economy. Depending on the specific features of areas where planning takes place and the objectives of the assessment, there is a wide spectrum of different approaches and tools that allow the assessment of the economic impact of MSP with varying levels of precision and detail. The objective of this paper is to present a comprehensive analytical framework that will facilitate the understanding of, and development of, appropriate socio-economic instruments and analyses for estimating the economic effects associated with MSP. A comprehensive information base will be constructed based on the findings of studies and analyses conducted by research institutions and relevant national and international organizations. This is intended to identify the principal characteristics, scope, strengths, and weaknesses of decision-support tools in order to identify best practices for measuring socio-economic impacts of management plans and to facilitate a holistic view of marine ecosystems. Full article

This study investigates integrating circular economy principles—such as closed-loop systems and economic decoupling—into industrial sectors, including refining, clean energy, and electric vehicles. The primary objective is to quantify the impact of circular practices on resource efficiency and environmental sustainability. A mixed-methods approach combines qualitative case studies with quantitative modelling using the Brazilian Land-Use Model for Energy Scenarios (BLUES) and Autoregressive Integrated Moving Average (ARIMA). These models project long-term trends in emissions reduction and resource optimization. Significant findings include a 20–25% reduction in waste production and an improvement in recycling efficiency from 50% to 83% over a decade. Predictive models demonstrated high accuracy, with less than a 5% deviation from actual performance metrics, supported by error metrics such as Mean Absolute Percentage Error (MAPE) and Root Mean Square Error (RMSE). Statistical validations confirm the reliability of these forecasts. The study highlights the potential for circular economy practices to reduce reliance on virgin materials and lower carbon emissions while emphasizing the critical role of policy support and technological innovation. This integrated approach offers actionable insights for industries seeking sustainable growth, providing a robust framework for future resource efficiency and environmental management applications. Full article

The blue crab (Callinectes sapidus), originally from the western Atlantic Ocean, has recently spread to the Mediterranean and is now considered one of the one hundred most invasive species in that region. This opportunistic species, known for its adaptability to different temperatures and salinities, negatively impacts biodiversity and human activities such as fishing and tourism in the Mediterranean. However, the blue crab is gaining interest as a potential food resource due to its high nutritional value and delicate, sweet flavor. Its meat is rich in protein (14% to 30%), omega-3 fatty acids (EPA and DHA) and other essential nutrients beneficial for human health such as vitamins, and minerals. Utilizing this species in the production of new foods could help mitigate the negative impact of its invasiveness and offer economic opportunities. One challenge with this potential resource is the generation of waste. Approximately 6–8 million tonnes of crab shells are produced worldwide each year, leading to disposal problems and concerns regarding environmental sustainability. To improve economic and environmental sustainability, there is a need to valorize these residues, which are an important source of proteins, lipids, chitin, minerals, and pigments that can be processed into high-value-added products. However, especially in areas with industrial pollution, attention should be paid to the heavy metal (Cd and As) contents of blue crab shells. Studies suggest that blue crab by-products can be used in various sectors, reducing environmental impacts, promoting a circular economy, and creating new industrial opportunities. Full article

This study reviews various financing solutions available for fisheries and aquaculture development in Caribbean small island developing states (SIDS) and Barbados, Grenada, and St. Vincent and the Grenadines. Previously identified financing needs within the fisheries and aquaculture sectors have been matched with the most suitable financing mechanisms. However, the use of blue levies is recommended and applicable in almost every scenario, as they allow these sectors to drive their own development in financing research and conservation projects to their own benefit. The use of “blue tokens” with sufficiently low repayment coupons allows development projects to gather public support for fisheries, thereby increasing the likelihood of the project being successful through community buy-in. The possibility of natural capital being traded as public equities as “Natural Asset Companies” provides the opportunity for development projects to fund themselves. The review concludes that natural capital can be leveraged as the base through which public-private partnerships (PPPs) can facilitate optimal delivery of ecosystem services, benefit multiple stakeholders, and provide numerous development opportunities. An enabling environment for debt and lending with low-interest loan repayments is also applicable to almost every scenario, as it facilitates access to capital finance for infrastructure development and the acquisition of increasingly sustainable fishing equipment. Steps towards generating an enabling environment for financing fisheries and aquaculture in the Caribbean region are also discussed. The establishment of dedicated financing institutions, PPPs, and sufficient data reporting infrastructure for the fisheries and aquaculture industry are essential for driving development in these sectors. Likely, the largest limiting factor in financing Caribbean fisheries and aquaculture industries is a lack of awareness of the range of finance and financing mechanisms available to stakeholders, as well as an enabling environment for financing blue Economy sectors. This review is thus intended to aid financing institutions, Blue Economy developers, and specifically Caribbean fisheries and aquaculture stakeholders and Caribbean governments by raising awareness of the financing mechanisms available, encourage the incorporation of their use in the fisheries and aquaculture industries in the Caribbean, and encourage policymakers to create an enabling environment for financing development in these crucial sectors. Full article

As carbon capture and storage (CCS) technologies mature, the concept of a low-carbon or net-zero-carbon economy becomes more and more feasible. While many chemical and energy products do not contain carbon in their compounds, the upstream production process does. An added CCS module allows the removal of carbon emissions from the production process, which expands the value chain. This paper focuses on one of such commodities—low-carbon-intensity ammonia (LCIA). Even though ammonia is carbon-free in its final product, it is commonly made from natural gas, and the production process could generate significant carbon emissions. The idea of LCIA is to reduce the carbon footprint of the ammonia production process (e.g., blue ammonia) or eliminate carbon from the production process (e.g., green ammonia via electrolysis) so that the entire supply chain is decarbonized. The goal of this paper is two-fold. We first explore the US domestic market and the international market for LCIA. We then discuss relevant federal and local policies that could help grow markets for LCIA. The agricultural sector will be the center of the discussion, which consumes an estimated 70–90% of the global ammonia supply as fertilizers. The paper also examines other potential uses of LCIA, such as alternative fuels for decarbonizing agricultural machinery and transportation sectors. Finally, we argue that developing a comprehensive LCIA value chain, supported by dedicated policy measures and broad stakeholder engagement, is critical for materializing the potential of LCIA in contributing to a climate-resilient and sustainable economy. Full article

European strategic policy directions toward a sustainable blue economy have strengthened interest in maritime investments, thus increasing sectoral competition for marine space. Emerging repercussions out of such a rising interest need to be handled by marine spatial planning (MSP) as a means of properly allocating marine space to diverse uses; managing conflicts and promoting synergies among them; and pursuing a multi-use perspective of this space. A critical stage of each MSP exercise is the exploration of land- and marine-based policy directions and their current or potential repercussions in the marine environment. Such an exploration is carried out in this work by means of a qualitative policy review for informing the MSP process in the Northern Aegean Sea, Greece. By delving into diverse policy frameworks at various spatial levels—i.e., local (urban), regional, and national/European—constraints, but also perspectives in policy choices/maritime uses in the MSP context, are identified, thus guiding more informed MSP choices in the specific study region while attaining a successful integration or coordination between land and marine developments. Full article

Macroalgae are beneficial for consumers and producers due to their high productivity, their chemical composition and their efficient cultivation without additional feed. Asia dominates global macroalgae production, while European production is still marginal and mainly based on wild harvesting in the North Atlantic. The European Commission has launched initiatives to promote the sustainable production, safe consumption and innovative use of macroalgae products in European regional seas, including the Mediterranean Sea. A variety of coastal and seabed types and a wide range of environmental conditions make the Mediterranean a hotspot of marine biodiversity while providing good conditions for the cultivation of macroalgae. The aim of this paper is to compare the global macroalgae production and macroalgae production in the Mediterranean Sea, focussing on the cultivation of edible macroalgae. The paper also discusses the limitations and possibilities of macroalgae production in the region. Macroalgae production is one of the most promising sectors of the blue economy in the Mediterranean. The production of edible macroalgae suitable for human consumption has great potential, considering future population growth and related food security and health issues, as well as the additional ecosystem benefits of macroalgae production. Full article