Setting Course towards a Sustainable Blue Economy in the Baltic Sea

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1 Setting Course towards a Sustainable Blue Economy in the Baltic Sea Blue Bio-economy Expert workshop Towards Sustainable Blue Bio-economy Growth 26 November 2015 Helsinki, Finland Pauli Merriman WWF Baltic Ecoregion Programme Anna Omelchenko/Alamy

2 The Rise of the Global Blue Economy Table 1: Global economic output of the world s oceans and seas, per year Type of output Billion US$ Direct output (fishing, aquaculture, etc.) Services (tourism, education etc.) Trade and transportation (shipping) Adjacent benefits (carbon sequestration, biotechnology etc.) 890 1,000 Other intangible benefits* non-quantifiable TOTAL US$ TN * Intangible benefits includes, for example, oxygen production and global temperature stabilization, as well as spiritual and cultural values. Source: Restoring the Ocean Economy Action Agenda 2015, WWF

3 The global Blue Economy is already an enormous stress on ocean ecosystems

4 EUTROPHICATION IN THE BALTIC SEA The Baltic Sea is far from healthy today The goal to achieve Good Environmental Status (GES) is long from being achieved Climate change will further fuel the eutrophication of the Baltic Sea Source: State of Europe's seas, EEA Report No 2/2015

5 Key blue sectors depend on a healthy Baltic Sea Gross Value Added billion Employment (jobs) Marine sector Coastal tourism Fish for human consumption* Shipbuilding and repair Short sea shipping** Passenger ferry services Cruise tourism Yachting and marinas 0, Offshore wind 0, Marine aquaculture 0, Blue biotechnology N/A N/A * More that 70% in fish processing and retail. Source: Study on Blue Growth, Maritime Policy and EU Strategy for the Baltic Sea Region (EU, 2013)

6 Introducing the WWF Principles for a Sustainable Blue Economy Provides a scientifically based definition of a Sustainable Blue Economy Starts from the understanding that no economy can sustain itself when its natural resource base is systematically being degraded Aims governance and action toward a Blue Economy based on renewable energy and circular material flows that maintains or restores ecosystem health Provides the foundation for the All Hands on Deck report and a SWOT analysis of our region s current economic and environmental trends

7 Dudarev Mikhail / Shutterstock A sustainable Blue Economy our definition and vision Provides social and economic benefits for current and future generations Restores, protects and maintains diverse, productive and resilience marine ecosystems Is based on clean technologies, renewable energy and circular material flows

8 A roadmap to achieve a Sustainable Blue Economy K E Y A C T I O N S G O V E R N A N C E L E A D S T O Inclusive Accountable, Transparent Holistic, Cross-sectorial, Long-term Well-informed, Precautionary, Adaptive Innovative, Proactive O U R D E F I N I T I O N A N D V I S I O N A SUSTAINABLE BLUE ECONOMY THAT Provides social and economic benefits for current and future generations Ambitious goals, targets and follow-up Level economic and legal playing field Ecosystem-based marine spatial planning Sustainability standards and practices Cooperation among key actors Restores, protects and maintains diverse, productive and resilience marine ecosystems Is based on clean technologies, renewable energy and circular material flows

9 OMYINTHEBALTICSEAREGION WOT NALYSISOF ANALYSISOF OMYINTHEBALTICSEAREGION Baltic ear altic ear STRENGTHS A SWOT analysis of the Baltic Sea Blue Economy Considerable knowledge about the Baltic Sea and about what is needed to restore it to health Considerable Many of the necessary knowledge policies about are the already Baltic Sea and in place about what is needed to restore it to health Long track-record of regional cooperation Many involving of the public, necessary private policies and civil are society already in actors place Long Financially track-record strong of economies regional cooperation with capacity involving to invest and public, private and civil society actors Financially strong economies with capacity to invest and innovates STRENGTHS S WEAKNESSES W Sustainable Blue Economy, that is translated into goals, targets and indicators, which can in turn WEAKNESSES guide marine and maritime sector policies and decision-making Sustainable Lack of a holistic Blue Economy, and cross-sectorial that is translated management of targets the Baltic and Sea indicators, which can in turn into goals, guide marine and maritime sector policies and Lack of a level economic and legislative playing decision-making Lack of a holistic and cross-sectorial manage- Lack of accountability on policy implementation ment of the Baltic Sea Lack of private sector leadership Lack of a level economic and legislative playing Lack of accountability on policy implementation Lack of private sector leadership Nu Bl pl Nu ta Bl ta pl a ta ta 0 a c 0 ltic ltic y for for OPPORTUNITIES O Implementing existing policies will help achieve a healthy sea that will generate more income and new jobs There are business and investment opportunities Implementing existing policies will help achieve for companies that lead the sustainability a healthy sea that will generate more income transformation and new jobs The Baltic Sea can become a model region for There are business and investment opportunities a truly sustainable Blue Economy that is based for companies that lead the sustainability on clean technologies, renewable energy and transformation The Baltic Sea can become a model region for a truly sustainable Blue Economy that is based on clean technologies, renewable energy and OPPORTUNITIES O both land-based and sea-based human activities T THREATS The Baltic Sea Blue Economy is underperforming due to severe environmental stress from THREATS The Baltic Sea Blue Economy, as well as The Baltic Sea Blue Economy is underperforming due to severe environmental stress from the land-based economies that surround it, both land-based and sea-based human activities renewable energy The Baltic Sea Blue Economy, as well as Growth of the Blue Economy risks further the land-based economies that surround it, stressing the Baltic Sea environment, as well as increasing the competition for marine space renewable energy Growth of the Blue Economy risks further stressing the Baltic Sea environment, as well Pa af Pa 7 af 7 Si to Si 3 to

10 A Sustainable Blue Economy requires an equally Green and Circular economy on land Land-based sources are responsible for the vast majority of marine pollution globally as well as in the Baltic Sea The Blue, Green and Circular Economy agendas must merge to ensure that all economic activities operate in such a way that the natural capital on which they depend is restored, protected and maintained

11 We need All Hands on Deck A healthy sea is vital to a healthy economy The Blue Economy in the BSR is far from sustainable today We need to create a circular economy in the sea and on land to bring the Baltic Sea back to health The WWF Principles for a Sustainable Blue Economy provide a compass and a chart for achieving that goal The BSR has the potential to become a global role model To achieve a Sustainable Blue Economy in the BSR, we need all key actors to work together. All Hands on Deck!

12 bikeriderlondon / Shutterstock Key Actions for achieving a Sustainable BSR Blue Economy 1. Adopt a common vision, goals and targets 2. Transform these into concrete joint action within and across different sectors, and along economic value chains 3. Develop or review national IMPs and related policies 4. Review public and private financing and investment criteria 5. Apply ecosystem-based Marine Spatial Planning 6. Integrate the Blue and Green economic agendas

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