MARIBE Marine Investment for the Blue Economy Drs. Jos - PowerPoint PPT Presentation

MARIBE Marine Investment for the Blue Economy Drs. José Aguilar-Manjarrez and Tamás Bardócz FAO Aquaculture Branch and AquaBioTech Group Offshore Mariculture Conference 6-8 April 2016 World Trade Centre, Barcelona, Spain This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 652629. 1

Blue Growth  71% of the Earth surface is WATER !  Healthy ocean ecosystems are vital to human welfare. 2

Trends Four billion people facing severe water scarcity 3

Trends World's oceans are affected by human activities 4

Achieving Blue Growth through implementation of the Code of Conduct for Responsible Fisheries Reconciling economic growth with improved livelihoods and social equity, and strengthening transparent, reliable and more secure food systems. 5

Blue growth: Sustainable development of EU marine and coastal sectors 6

Blue growth and blue economy Note: coastal & maritime tourism was not in the focus of the MARIBE . 7

Blue growth/economy challenges  Challenge: Economic activities in Europe‘s seas and coasts are expected to intensify, diversify and expand further offshore.  Handling cumulative impacts while running our of pace.  The development of large scale activities offshore and in deep sea areas requires overcoming a series of technological and non- Scotland: Wave energy converters as a means of powering technological challenges and assessment of offshore aquaculture installations . the most promising and sustainable business models.  One way to make use of our seas in a smarter, more sustainable and less disruptive manner is to combine different activities at sea on a same location with multi-use offshore platforms. 8

About MARIBE MARIBE is exploring cooperation opportunities that combine different Blue Growth and Blue Economy sectors and their related companies. 9

MARIBE project partners  18 month Coordination & Support Action funded under H2020  Consortium of 11 partners led by UCC Funded under Societal Challenges BG 5: Preparing for the future innovative offshore econo my 10

Objectives of Maribe OPPORTNUTIES 1 Identify opportunities for Blue Growth sectors to combine with other sectors via multi-use of space or in multi-use platforms and assist in the development of the most promising projects within these combinations. 2 CHALLENGES Provide information on the socio-economic context and the key technical and non-technical challenges facing these projects based in part on lifecycle learning. 3 INVESTMENT Use the consortium’s diverse network to introduce project stakeholders to key advisors and potential investors.

MARIBE basins Plus the Caribbean 12

Main benefits from Maribe 1 RISK ASSESSMENT Provides a comprehensive technical brief & risk assessment for the project. FINANCIALS 2 Develop business case financials and budget projections BUSINESS PLANS 3 Develop business plans for projects and secure interest in principle from investors where possible NETWORKING 4 Benefit from the expertise of the MARIBE consortium and from the opportunity to network with key external experts & representatives from the European Commission

Blue Growth and Blue Economy Industries and their Operational Boundaries 14

Overlap of sectors by depth Depth Industries No. of range (m) sectors Mariculture, Blue biotechnology, Fixed wind, Seabed mining (Blue 9 0-50 Economy ores), Oil & Gas, Shipping, Tidal, Tourism, Wave. Mariculture*, Blue biotechnology , Floating wind*, Seabed mining 9 50-100 (Blue Economy and Growth ores), Oil & Gas, Shipping, Tidal, Tourism, Wave. Floating wind*, Seabed mining (Blue Economy and Growth ores), 7 100-150 Oil & Gas, Shipping, Tidal, Tourism, Wave. Floating wind*, Seabed mining (Blue Growth ores), Oil & Gas, 5 150-200 Shipping, Tourism. 4 200+ Seabed mining (Blue Growth ores), Oil & Gas, Shipping, Tourism. * Denotes expected future trends . 15

Deliverables Unlock the potential of multi-use of space in the offshore economy  Socio-economic context  Technical and non-technical barriers  Investment  Business models  Cooperation opportunities 16

Potential co-operations amongst industries  Multiple use of space (MUS):A project where two or more sectors share the same co-located space but have no common platform. A MUS project can share infrastructure such as cabling and substations.  Multiple use of platform (MUP): A project where two or more sectors share the same co-located space but also share the same platform to achieve mutual benefit .

Maribe selected combinations

Selecting business models 19

Exploration of Cooperation Opportunities  Category A and B projects 5  Technical brief 4 Consequence  Financials 3  Business plan and risk 2 assessment 1  7 projects Cat B. 1 2 3 4 5  3 projects Cat A + Likelihood implementation plan 20

Business lifecycle stages of aquaculture sub-sectors and technologies Life cycle stages Aquaculture sub-sectors Product development Integrated Multi-trophic Aquaculture Embryonic stage Offshore aquaculture Growth stage Organic aquaculture Mature stage Near shore cage culture of salmon, sea bass and sea bream Decline stage Marine and freshwater flow-through systems Recovery stage Extensive technologies

Benefits of combinations for aquaculture in different lifecycle stages EU issues of aquaculture Benefits Administrative burdens Mature : support to move offshore, easier licensing Access to space and water Growth : increase capacity, reduce production costs Competitiveness Development or Embryonic : introduce new technologies, access to finance Competitive advantages due to All stages : Identification of high quality, health and challenges and encourage business environmental standards. interests

Caribbean: Floating shipping terminal + Aquaculture (A3) 23

Mediterranean: Aquaculture + Wave Energy (B4)  Coastal and off the coast aquaculture sites are very limited in Malta  Tourism is the priority on the islands  Low public acceptance of near shore aquaculture  Favourable environmental conditions for offshore aquaculture  Renewable energy use is only 1.1% of gross inland energy consumption in Malta. The goal for 2020 would be 10%. AquaBioTech (Malta) and Albatern (UK) develop a business proposal for large scale offshore fish farm producing sea bass, sea bream and meagre. Energy needs of the farm will be provided by wave arrays and surplus supplied in the grid. 24

The Future we want Long-term sustainability = Long-term benefits Effective governance Ensuring human well-being Ensuring ecological well-being 25