Quaterly bulletin on a research funding
Strengthen the blue economy
Ministers from the 42 Union for the Mediterranean (UfM) countries have agreed last february 2nd to intensify their efforts towards a sustainable blue economy in the Mediterranean. Doing so, they want to promote the recovery of the region’s economies from the COVID-19 crisis, and address the environmental and climate challenges.
The Mediterranean region is the world’s leading tourism destination. Representing the first blue economy sector for income and job creation in the sea basin, tourism is also a driving force for young entrepreneurship and Small and Medium-sized Enterprises’ growth. However, this sector has been highly affected by the COVID-19 crisis. The region is also highly exposed to climate change, warming 20% faster than the world average, with visible impacts on the marine environment.
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