The seventh edition of the EU Blue Economy Report, presented in a fresh format, persists in thoroughly examining the scale and breadth of the Blue Economy within the European Union (EU). Its primary aim remains to offer guidance to policymakers and stakeholders in fostering the sustainable advancement of oceans and coastal resources, aligning closely with the principles of the European Green Deal (EGD). By providing economic insights, the Report also aims to inspire potential investors. This seventh edition of the Report focuses on a summarised data analysis, trends and drivers of the Blue Economy sectors. The analysis of the sectors Marine living and non-living resources, Marine renewable energy (offshore wind), Port activities, Shipbuilding and repair, Maritime transport and Coastal tourism is based on data collected by the European Commission from EU Member States and the European Statistical System. Specifically, fisheries and aquaculture data were collected under the EU Data Collection Framework (DCF); data for the other sectors are taken from Eurostat Structural Business Statistics (SBS), PRODCOM, National Accounts and tourism statistics. Along with these sectors, the reader can find relevant information on innovative Blue Economy sectors, namely Desalination and Blue biotechnology. These sectors offer significant potential for economic growth, sustainability transition, as well as employment creation. Comparable data are not yet fully available in the public domain, and therefore data presented in the Report for these sectors come from various sources. This year’s Report also includes special sections on Energy Transition and Climate Change in the EU Maritime transport sector, on the EU fishing fleet and the partnership in fisheries and aquaculture, as well as a section on Coastal flood impacts due to climate change along the EU27 coastline, with a particular reference to the EU Outermost Regions. This edition will continue taking advantage of the EU Blue Economy Observatory platform, which provides more timely and regular updates of the Blue Economy data per sector, EU-27 Member State and sea basin. Further analysis will be published throughout the year, as the most recent data become available, and sectors or topics gain more relevance. Analyses are given for the EU-27 as a whole and by sector and industry for each Member State. An initial regional analysis is also envisaged, to be completed within the EU Blue Economy Observatory.
South African universities are facing significant financial challenges that threaten their sustainability. Factors such as reduced government funding, unpredictable tuition collection, and the need to generate additional revenue have become major concerns for universities. This study investigates the perceptions of academic and non-academic staff regarding revenue sourcing to enhance financial sustainability at a university of technology. Quantitative data was collected using a questionnaire. The findings show that the university is using a diversified revenue structure and that revenue sourcing is a financial challenge for the university. This implies that the university’s current revenue generation strategies are inadequate. The respondents perceived revenue sourcing as a financial challenge and that relying on a single source of revenue is not financially viable. Low research output was considered a barrier to financial sustainability and improving research output was identified as a means of improving financial sustainability. Respondents agreed that appointing staff members who could attract funding and improvements in the infrastructure of the university would assist in removing barriers to financial sustainability and increase income together with offering short courses. Recommendations suggested by the respondents to increase revenue included the need to diversify revenue sources and that offering new courses and using international collaborations and university segments to establish industrial partnerships would generate additional revenue.
Sustainability has become one of the most buzzworthy terms of the 21st century. Defined in 1987 as "meeting the needs of the present without compromising the ability of future generations to meet their own needs", it has gained prominence in recent years, as the effects of climate change around the globe become increasingly more pronounced.
This report provides statistics on some of the leading sustainability trends worldwide. It includes key data distributed across five focus areas: economic, environmental, corporate, and consumer sustainability.