Category Archives: Blue Economy

With €5 billion sales and profits doubled, EU aquaculture has fully recovered from downturn

Continue reading With €5 billion sales and profits doubled, EU aquaculture has fully recovered from downturn

“THOUSANDS of direct and indirect jobs anticipated”…  Green light for jobs with Huon Aquaculture to set up WA yellowtail kingfish operations

Continue reading “THOUSANDS of direct and indirect jobs anticipated”…  Green light for jobs with Huon Aquaculture to set up WA yellowtail kingfish operations

IFFO-hosted side event at COFI 33: “Aquaculture industry stakeholders communicate vital role in global food security at FAO event”

Continue reading IFFO-hosted side event at COFI 33: “Aquaculture industry stakeholders communicate vital role in global food security at FAO event”

“€566 billion and growing: the EU blue economy is thriving” – DG Mare publishes 2018 report

Continue reading “€566 billion and growing: the EU blue economy is thriving” – DG Mare publishes 2018 report

€566 billion & growing… the EU blue economy is thriving; ‘living resources’ (fisheries, aquaculture & processing) up by 22% between 2009-2016

Continue reading €566 billion & growing… the EU blue economy is thriving; ‘living resources’ (fisheries, aquaculture & processing) up by 22% between 2009-2016

U.S. BILL to “advance American aquaculture”: Advancing the Quality and Understanding of American Aquaculture (AQUAA) Act introduced

Continue reading U.S. BILL to “advance American aquaculture”: Advancing the Quality and Understanding of American Aquaculture (AQUAA) Act introduced

ALTERNATIVE feed sources… “Making sensible changes in aquaculture and agriculture production” would avoid depletion of forage fish populations – Study

Continue reading ALTERNATIVE feed sources… “Making sensible changes in aquaculture and agriculture production” would avoid depletion of forage fish populations – Study

Of LCA – “Choice matters: The environmental costs of producing meat, seafood”… “Many seafood choices have low impact on the environment”

Continue reading Of LCA – “Choice matters: The environmental costs of producing meat, seafood”… “Many seafood choices have low impact on the environment”

UN Global Compact launching today the Action Platform for Sustainable Ocean Business; Norwegian Gov’t & Cermaq are partners

Continue reading UN Global Compact launching today the Action Platform for Sustainable Ocean Business; Norwegian Gov’t & Cermaq are partners

BIODIVERSITY: ‘Corporate control & global governance of marine genetic resources’ paper; “~half of Earth’s surface is left with no regulations”

Continue reading BIODIVERSITY: ‘Corporate control & global governance of marine genetic resources’ paper; “~half of Earth’s surface is left with no regulations”

TASMANIAN salmon farming: PhD research highlights “Consistency in what is perceived to be a lack of transparency about information upon which decisions are made”

Continue reading TASMANIAN salmon farming: PhD research highlights “Consistency in what is perceived to be a lack of transparency about information upon which decisions are made”

BREXIT: “EU markets access ‘essential’ for Scotland’s seafood industries; Farmed salmon is UK’s most valuable food export”… – Scot Gov’t

Continue reading BREXIT: “EU markets access ‘essential’ for Scotland’s seafood industries; Farmed salmon is UK’s most valuable food export”… – Scot Gov’t

STUDY reveals cost of 2017 salmon fisheries closure off U.S. West Coast; $5.8-8.9 million in lost income & 200-330 job losses

Continue reading STUDY reveals cost of 2017 salmon fisheries closure off U.S. West Coast; $5.8-8.9 million in lost income & 200-330 job losses

14 SUSTAINABLE Finance Principles launched to guide investments in rising Blue Economy; incl. in fisheries & aquaculture… “Precautionary Principle will prevail”

On March 8, 2018, at the World Ocean Summit taking place in Mexico, the European Commission launched in partnership with the European Investment Bank, the Prince of Wales’s International Sustainability Unit (ISU) and WWF, the Sustainable Blue Economy Finance Principles.

“These are voluntary principles that will guide responsible investments to counter the many stresses that oceans are subject to, from overfishing and rising sea levels to plastic pollution. Earlier this year, the EU High-Level Expert Group on Sustainable Finance had recommended in its final report that the Sustainable Blue Economy Finance Principles be adopted and implemented by the finance community. As a result, initial commitments have already been made by Althelia Ecosphere, Aviva Investors, the BPCE Group, Seventure Partners, Willis Towers Watson and the World Bank. In signing up, investors and organisations commit to mainstream these principles in all new investment decisions.”

The launch is in line with the EU Commission’s Sustainable Finance Action Plan announced the previous day on March 8. The latter – among others – includes actions such as Incorporating sustainability in prudential requirements (the EC “will explore the feasibility of recalibrating capital requirements for banks (the so-called green supporting factor) for sustainable investments, when it is justified from a risk perspective, while ensuring that financial stability is safeguarded”) and “enhancing transparency in corporate reporting.”

According to OECD projections, by 2030, the ‘Blue Economy’ — defined as all economic sectors which have a direct or indirect link to the ocean — could outperform the growth of the global economy as a whole, both in terms of value added and employment. In the coming decade, marine energy, marine biotechnology, coastal tourism, transport and food production sectors could offer unprecedented development and investment opportunities. However, there is increasing evidence that losses in the ocean’s natural capital resulting from unsustainable economic activity is eroding the resource base on which such growth depends.

We will make information available on our investments and their social, environmental and economic impacts (positive and negative), with due respect to confidentiality. We will endeavour to report on progress in terms of implementation of these Principles

The 14 principles — listed below — include one specifically committing to “transparency”, a topic dear to Seafood Intelligence… Signatory parties also commit to taking a science-led and precautionary approach (“The precautionary principle will prevail, especially when scientific data is not available” […] “More broadly, we will endeavour to share scientific information and data on the marine environment.”).

The 14 Principles for Sustainable Ocean Finance can be found here: https://ec.europa.eu/maritimeaffairs/sites/maritimeaffairs/files/declaration-sustainable-blue-economy-finance-principles_en.pdf

Continue reading 14 SUSTAINABLE Finance Principles launched to guide investments in rising Blue Economy; incl. in fisheries & aquaculture… “Precautionary Principle will prevail”

BUSINESS Action Platform for Oceans announced at Cermaq HQ; Focus on SDG14 Life Below Water

Continue reading BUSINESS Action Platform for Oceans announced at Cermaq HQ; Focus on SDG14 Life Below Water

SCOTTISH Parliament inquiry: Views sought on Review of Environmental Impact of Salmon Farming SAMS report content

Continue reading SCOTTISH Parliament inquiry: Views sought on Review of Environmental Impact of Salmon Farming SAMS report content

UN declares June 5 as International Day for the Fight Against IUU Fishing & 2022 as International Year of Artisanal Fisheries and Aquaculture

Continue reading UN declares June 5 as International Day for the Fight Against IUU Fishing & 2022 as International Year of Artisanal Fisheries and Aquaculture

ANALYSIS will focus on global occupational health, safety standards & challenges facing 18 million people in global aquaculture industry; FAO-funded research

Continue reading ANALYSIS will focus on global occupational health, safety standards & challenges facing 18 million people in global aquaculture industry; FAO-funded research