• 11 Mar, 2021
BSTDB Approves Climate Change Strategy

The Board of Directors of the Black Sea Trade and Development Bank (BSTDB) approved the Bank’s first Climate Change Strategy  that represents the vision and approach to addressing climate change over the next ten-year period and beyond.

The Strategy defines a more purposeful role for the Bank in supporting its shareholders in both mitigating and coping with the impacts of climate change mainly by shifting the financing priorities to more climate positive operations and increasing climate co-benefit potential in its operations.  By doing so, the Bank intends to better align its financing with the Member States’ climate priorities.

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  • 10 Mar, 2021
Future scenarios for maritime transport in Europe

The IV Strategic Plan of the Port of Barcelona, recently presented, includes a projection on the maritime traffic trends in Europe for 2040. PortEconomics member Peter de Langen analyze these trends two decades ahead to establish long-term traffic forecasts. 

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  • 05 Mar, 2021
H2020 DigiCirc - Blue Economy Market Consultation

DigiCirc (@DigiCirc) is an #H2020 #I INNOSUP project that aims to boost the #circulareconomy using digital tools by supporting innovative #SMEs in the development and marketing of solutions based on circular value chains through 3 acceleration programs on the following themes: "#Circularcities", "#BlueEconomy" and "#Bioeconomy".

The #circulareconomy considers the entire life cycle of a product from its production, through its consumption, to the management of the waste produced. It responds to multiple challenges such as dependence on increasingly scarce resources, lack of waste disposal, the resilience of an ecosystem and its economic attractiveness, etc.

In relation with #BlueEconomy, #CircularEconomy aims to eliminate the footprint of human activities that take place both offshore and inland on both marine and coastal environments.

How to reduce that impact through #digitaltechnologies and #CircularEconomy? 

In order to define the current challenges of #BlueEconomy that will be included in the call for projects, DigiCirc would like to collect the opinions of the different key actors of the market (local authorities, companies, population, etc.) with the next questionnaire .

Feel free to contact DIgiCirc for any question on the project or the open calls!!


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  • 02 Mar, 2021
Turning the Tide: How to Finance a Sustainable Ocean Re...

A practical guide for financial institutions to lead a sustainable ocean recovery

This seminal guidance is a market-first practical toolkit for financial institutions to pivot their activities towards financing a sustainable blue economy.

Designed for banks, insurers and investors, the guidance outlines how to avoid and mitigate environmental and social risks and impacts, as well as highlighting opportunities, when providing capital to companies or projects within the blue economy. 

Five key ocean sectors are explored, chosen for their established connection with private finance: seafood, shipping, ports, coastal and marine tourism and marine renewable energy, notably offshore wind. 

Download the guide and recommendations

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  • 02 Mar, 2021
Provide economic and operational value to the maritime ...

The shipping industry is increasingly adopting new IoT technologies and solutions, creating opportunities to digitally connect ships. Among the technologies being implemented are: the adoption of blockchain, the use of data analytics for ship optimisation and the introduction of purpose-built maritime IoT connectivity services. One of the strongest value points for maritime IoT is that it can provide economic and operational benefits to all parts of the maritime ecosystem, including equipment manufacturers, classification societies, service providers, shipyards, shipowners, regulators, fleet managers, charterers and investors .
Read the news on rivieramm.com

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  • 01 Mar, 2021
Wind energy applied to the maritime sector: how floatin...

The technological and technical innovation taking place in the world of offshore floating wind energy has led to the creation of turbines capable of providing 14,000 kW of power output. Current developments in offshore floating wind power generation combined with the stability technology of water tankers, allow ultra-large turbines providing propulsion to ships. Future research will need to develop methods by which to add low-drag mobility to floating wind turbines in a way that assists ship propulsion. Ships propelled by such technology could likely see service on trans-Pacific routes and trans-Atlantic routes.
Read the news on maritime-executive.com

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  • 23 Feb, 2021
What does the shipping industry expect from ammonia as ...

According to the International Maritime Organisation (IMO), shipping contributes almost 3% of annual carbon dioxide emissions. In 2018, delegates agreed to reduce emissions by 50% from 2008 levels by 2050, so alternative fuels, for example ammonia, must be found.
This colourless fuel emits no carbon dioxide when burned, is abundant and common and can be produced using renewable electricity, water and air. It can also be used in fuel cells and internal combustion engines and, unlike hydrogen, does not need to be stored in high-pressure tanks or cryogenic dewars. For all these reasons, ammonia (NH 3 ) is gaining favour in the global maritime industry, so much so that shipowners and industry analysts say they expect ammonia to play a key role in the decarbonisation of cargo ships.
Read the news on spectrum.ieee.org

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  • 16 Feb, 2021
Blue Economy Window call just launched

The European Maritime and Fisheries Fund launches a new call to support the sustainable development of the blue economy SMEs across the European Union. The call for proposals constitutes one of the many stepping stones to the European Union’ Green Deal goals. Under the Blue Economy Window call, the SMEs can apply as single entities or consortia. The overall budget is €20 million.

Under the 2020 call, organisations can get up to 70% co-funding for their projects with an average EU contribution between €700.000 and € 2.500.000. Any for-profit SME based in the EU (single participant or a member of a consortium) can apply. The deadline of the call is 16 February 2021.

Link : https://ec.europa.eu/easme/en/news/blue-economy-window-call-just-launched

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  • 02 Feb, 2021
UfM Ministers commit to strengthen the blue economy sec...

Six years after the first Union for Mediterranean Ministerial Declaration on Blue Economy, Ministers adopted on 2 February a new declaration, firmly committing to cooperate closely and address joint challenges in key blue economy sectors.

They agree to promote transformative policies and tools such as maritime clusters or maritime spatial planning, and support the overall shift towards low-emission technologies and circular blue economy. New joint activities and projects will be set up on a wide range of issues, including “blue skills”, marine litter, marine renewable energies and nature-based tourism.

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  • 20 Jan, 2021
Have your say on the Interreg NEXT Black Sea Basin Prog...

In view of the preparation of the Interreg NEXT Black Sea Basin Programme, a Territorial Analysis for the eligible area has been prepared and the outcome was discussed during the meeting in December of the Joint Programming Committee (JPC).

The decision was to launch a 1st round of public consultations with the stakeholders in order to validate the preliminary conclusions regarding the Policy Objectives and Interreg Specific Objectives revealed as relevant to be supported.

Therefore, the consultations are now open and the stakeholders are invited to provide their opinions by filling in a questionnaire, which can be accessed at the following link https://blacksea-cbc.net/interreg-next-bsb-2021-2027/have-your-say-on-the-interreg-next-black-sea-basin-programme-2021-2027/

The Territorial Analysis and a summary of it in PPT can be accessed here https://blacksea-cbc.net/interreg-next-bsb-2021-2027/joint-paper-on-interreg-next-strategic-programming/

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  • 19 Jan, 2021
The World Bank - Blueing the Black Sea GEF Regional pro...

In support of the Common Maritime Agenda, the Blueing the Black Sea (BBSEA) Program supported by the World Bank and its partners would be aming at catalyzing blue economy investments for the Black Sea.  The initial step of building a coherent BBSEA Program is focused on the Pillar 1 “Save the Sea” that is aiming at reducing pollution in the Black Sea. Two instruments are considered for the realization of these first step: (i) PROBLUE Regional Analytical Work, executed by the World Bank (US$ 400,000) has been approved and will support national diagnostic on pollution and synthetize the results in a regional report and; (ii) the proposed GEF grant in an amount of US$ 6.4 million, financed under the International Water window. Although the proposed Project would benefit all Black Sea countries through knowledge exchange and standards building, national level activity would take place only in the four GEF eligible countries (Georgia, Moldova, Turkey and Ukraine) in accordance with GEF policies in the current context of the Black Sea. The ambition of the Project would be, however, to progressively include all Black Sea countries through additional financing. The Program is an instrument to enhance synergies of the IBRD financed projects in Black Sea Countries, including amongst others the Integrated Regional and Local Development Project in Georgia (P169747), the Moldova Water Security and Sanitation Project (P173076), theTurkey Integrated Landscapes Management Project (P172562) and the Assessment for Climate Change Impact Opportunities, and Priorities for Ukraine (P171986) and the Blue Economy policy notes in Bulgaria (P167719) and in Russia (P171509).

Click here to find more details on the BBSEA programm supported by the World Bank.





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  • 14 Jan, 2021
World Bank - Blueing the Black Sea Programme (BBSEA)

The Permanent International Secretariat of the Organisation of the Black Sea Economic Cooperation (BSEC PERMIS) has been invited to act as the Executing Entity of the “Blueing of the Black Sea” Regional Project (BBSEA) supported by the World Bank. The project is funded by the Global Environmental Facility and aims at tackling marine pollution and catalyzing blue economy investments in the Black Sea region. This way, it will practically help Black Sea riparian countries substantiate their efforts in advancing a shared vision for a sustainable and better valued Black Sea backed by concrete projects, as stipulated in the 2019 Common Maritime Agenda.

To prepare the BBSEA, BSEC PERMIS is planning a series of national consultations in the Black Sea riparian countries, incl. the Republic of Moldova, to introduce the planned action, build partnerships with key institutional and private stakeholders at national level and seek critical inputs on the project architecture. The specific objective of the consultations consists in consulting the respective stakeholder communities (institutional, business, academia and civil society) working on marine pollution on the state of play, pressing issues and priorities related to pollution prevention, reduction and the control in the Black Sea, as well as the opportunities that result in the process. The results of the consultations will inform the architecture and implementation modalities of a planned “Blueing of the Black Sea” regional project.

Click here to find further information of the  BBSEA Regional Project

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