ENTREMED for the Blue Economy: Is this a game changer?

April 13, 2023
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The Blue Economy and its Potential for Sustainable Development in the Mediterranean

The Blue Economy is a promising solution for job creation and sustainable development in the Mediterranean region. The Mediterranean is facing structural challenges related to employment, especially among young people and women. The Blue Economy provides an opportunity to address these challenges and create a prosperous and sustainable future. The sustainable use of ocean resources for economic growth, improved livelihoods, and environmental sustainability is the key to this paradigm shift. The Mediterranean region is rich in marine resources, including fisheries, aquaculture, marine tourism, and renewable energy. These resources can create new economic opportunities and jobs while also addressing pressing environmental challenges such as climate change and ocean pollution.

 

The Potential of the Blue Economy in the Mediterranean

The Mediterranean region has a population of 150 million people, with 360 million tourists arriving in 2017, 50% of which are concentrated in coastal areas. The blue economy in the EU’s Mediterranean member states employs 2 million people, with 79% of these jobs provided by coastal tourism. The region has 1 million people working in the fisheries sector, which generates an estimated $12 billion. The Mediterranean is responsible for 20% of the world’s Global Marine Product, 25% of global maritime traffic and 30% of the world’s oil traffic. The region has 100,000 fishing vessels and 30,900 fish farms, with an 18% average portion of the total catch being discarded. Aquaculture production in the EU Mediterranean countries is expected to increase by 112% in 2030 based on the production level recorded in 2010.

 

Enabling the Blue Economy in the Mediterranean: The ENTREMed Framework

ENTREMed is an EU-funded leading organisation in the water youth entrepreneur sector in the Mediterranean region. EntreMed is working to enable dialogue and innovative approach for economic growth and job creation for young people by harnessing on the technology, education and human development. EntreMed aims to form solid and consistent relations of cooperation and exchange between effective social actors, encourage these actors to seek effective tools and measures of action, rather than sufficing with the analysis of issues at hand. EntreMed is also working to coordinate with other research centers and similar organizations in a way that improves ties and establishes cooperation. The ENTREMed framework can help policymakers, entrepreneurs, and other stakeholders to design and implement policies and programs that support the growth of the blue economy and the sustainable use of marine resources in the Mediterranean region.

 

Blue Economy: A game changer

The Blue Economy offers a bright future for the Mediterranean region, providing a way forward for sustainable development and job creation. With the ENTREMed framework, policymakers, entrepreneurs, and other stakeholders can work together to support the growth of the blue economy and the sustainable use of marine resources. The Mediterranean region has enormous potential in terms of marine resources, which can be harnessed to create. For a better engagement in the dialogue and development process, and in order to contribute to the region stability, integration and peace, the EU-funded EntreMed is committed to the principles of professional and objective scientific research and innovation which aims to formulate responsible and realistic policies that affect the ongoing situation in a way that serves the interests of the Mediterranean population. Precisely for that reason, EntreMed is working to enable dialogue and innovative approach for economic growth and job creation for young people by harnessing on the technology, education and human development.

 

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Countries covered:

  • Algeria
  • Egypt
  • Israel
  • Jordan
  • Lebanon
  • Libya
  • Morocco
  • Palestine *
  • Syria *
  • Tunisia