The European Commission has published the fourth edition of “The EU Blue Economy Report”, providing an overview of the performance of the EU-27 economic sectors related to oceans and the coastal environment.
The sector directly employed close to 4.5 million people in 2018 and generated around €650 billion in turnover and €176 billion in gross value added. Emerging activities such as ocean energy, marine biotechnology and robotics are developing quickly and will play an important role in the EU’s transition towards a carbon-neutral, circular and biodiverse economy.
Commissioner for Environment, Oceans and Fisheries Virginijus Sinkevičius said: “This report shows that the blue economy is an important driver of today’s European economy, in coastal communities and beyond. Moreover, with the European Green Deal, its importance will only grow in the future. The sector will contribute to decarbonisation and other European environmental objectives with innovative solutions and by reducing its own footprint. I call on Member States and private investors to support this transformation and invest in a sustainable blue economy.”
Commissioner for Innovation, Research, Culture, Education and Youth Mariya Gabriel said: “The EU Blue Economy report marks an important milestone towards establishing the European Blue Observatory, a knowledge sharing platform that will enable near real-time monitoring of decarbonisation efforts across Europe’s blue economy sectors.”
Learn more and download the report here