Ocean Action Hub

12 Nov 2019The European Investment Bank (EIB) has launched its Blue Sustainable Ocean Strategy, pledging €2.5bn for building a sustainable blue economy.

The EIB announced the launch of the Blue Sustainable Ocean Strategy at the Our Ocean conference on marine governance in Oslo, Norway, this week; committing to increase the investment it delivers as the EU Bank in sustainable blue economy projects by more than 100%. The strategy, which is projected to mobilise at least €5bn in outside investment in sustainable ocean initiatives, is aimed at improving the overall health of the world’s oceans and shoring up the resilience of coastal environments and ecosystems.

The Blue Sustainable Ocean Strategy, which follows the successful first year of the Clean Oceans Initiative in which the EIB is an active participant, is to be underpinned by the bank’s new Clean and Sustainable Ocean Programme. The EIB will make advice and technical assistance available to sustainable blue economy projects hoping to apply for funding; as well as working in tandem with both the public and private sectors to target investment in key sectors, including research and innovation, coastal protection initiatives; and green shipping.

CONTINUE READING: https://www.governmenteuropa.eu/sustainable-blue-economy/95202/

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Publication date: 
12/11/2019
Publication Organisation: 
Government Europa
Publication Author: 
Government Europa
Thematic Area: 
Blue economy
Region/s: 
Europe
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