Greening the Blue Economy as an Incentive to Sustainable Development of Primorje-Gorski Kotar County

Kovačić, Mirjana; Perinić, Lea; Kerčević, Srđan

doi:10.31217/p.35.1.17

Cited by 5 publications

(4 citation statements)

References 5 publications

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“…According to the data of the "2022 China Ocean Economic Development Index Report" released by China's Ministry of Land and Resources, China's gross marine product exceeded 9 trillion in 2021, accounting for 9% of GDP. Despite the significant contribution of the ocean to GDP, capital investment in the ocean remains inadequate in China [37,38]. The majority of this investment capital has been provided by the government [39].…”

Section: Literature Review On the Background Of Bfmmentioning

confidence: 99%

Evolutionary Game Analysis of Governmental Intervention in the Sustainable Mechanism of China’s Blue Finance

Chen¹,

Huang²

2023

Sustainability

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This article is a case study of the blue finance mechanism (BFM) in China and makes use of evolutionary game theory and numerical simulation to show how the BFM plays a critical role in promoting the sustainable development of China’s marine economy, society, and environment. To ensure the perpetuation of the BFM, it is necessary for the Chinese government to attract private sector investment in the marine sector (PSIMS). By intervening in the BFM, the government can create a more favorable investment environment, which can then lead to greater private sector investment and contribute to the overall sustainability of the ocean. The goal of this article is to create an analytical model based on public finance and government management to examine the efficiency of Chinese governmental involvement in the BFM in order to boost the maritime industry by attracting private sector investment for funding the BFM. The results revealed the following: First, governmental involvement can have significant positive effects in promoting the sustainable development of the BFM in China. Second, the timeliness of governmental intervention in China can affect the private sector’s incentive to invest in the marine sector. Third, the Chinese government’s intervention in subsidizing costs can have significant impacts in engaging the private sectors to expand capital injection into marine investments. The minimization of potential risks of investment in the marine sector is critical to enhancing investor confidence and trust. The early intervention of the Chinese government is therefore crucial. Additionally, to further incentivize PSIMS, the Chinese government must make a concerted effort to increase subsidies and provide non-monetary rewards. This will help achieve sustainable development in the country’s economy, society, and environment.

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Section: Literature Review On the Background Of Bfmmentioning

confidence: 99%

Evolutionary Game Analysis of Governmental Intervention in the Sustainable Mechanism of China’s Blue Finance

Chen¹,

Huang²

2023

Sustainability

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“…Finally, the leaves include several articles that address various aspects of the blue economy and its management, with a focus on renewable energy, environmental and social impacts, and governance. The studies by Kovacic (2021) [64] and Spaniol (2021) [65] focus on the need for a more sustainable development of the blue economy through electrification and the transition to greener technologies. On the other hand, Machado explores the implications of offshore wind development in the areas of tourism and coastal recreation.…”

Section: Systematic Review Of the Tos Literaturementioning

confidence: 99%

Renewable Energies and Blue Economy: New Trends in Global Research

et al. 2023

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In recent years, increasing attention has been paid to the blue economy and its economic and environmental benefits. Renewable energies are an alternative to fossil fuels and can contribute to reducing the carbon footprint of maritime sectors and of the general economy. This article aims to analyze the scientific production in the Web of Science (WoS) database and to propose some measures for future actions. The results indicate new trends in scientific articles related to climate change, aquaculture, blue growth and marine spatial planning, and private administration offering proposals that can be useful for economic progress based on the oceans of the nations that have bet on this model of sustainable development and the need for promoting the green and digital conversion of firms, namely those acting in sea-related activities.

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“…Many of these countries are members of the European Union (EU) encouraged and supported by EU MSP directives [10,11]. With MSP established and appropriate plans, Croatian coastal regions would have significant economic benefits [19].…”

Section: Review Of Previous Researchmentioning

confidence: 99%

Marine spatial planning in Croatia

2022

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The introduction of marine spatial planning (hereafter: MSP) for Croatia is essential, considering the coastline length and the increasing usurpation of coastal and marine space. MSP is more than a process that regulates the activities on the sea. It is an analytical approach to the setup of human activities in the marine area. As a maritime country, Croatia has ratified the Protocol on Integrated Coastal Zone Management and undertook the obligations of the Barcelona Convention. However, an appropriate document has not yet been made that would enable quality management of marine space. MSP and its onshore version contribute to the establishment and development of various activities, taking into account environmental, natural, economic, and sociological criteria. MSP is a continuation of spatial planning of the mainland area and must undoubtedly consider the more expansive coastal environment and the activities there. One of the tools in marine area mapping is the Geographic Information System (GIS), which has proven to be a very high quality and effective tool, especially in decision-making processes. The authors analyze the existing legal framework for marine spatial planning. Particular emphasis is placed on the obligations facing the Republic of Croatia to implement marine spatial planning. Given that the paper seeks to determine the advantages of MSP implementation using modern tools in marine area mapping, the authors in the third part discuss the benefits of using GIS as an acceptable tool in mapping marine space and provide recommendations for further actions.

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Greening the Blue Economy as an Incentive to Sustainable Development of Primorje-Gorski Kotar County

Cited by 5 publications

References 5 publications

Evolutionary Game Analysis of Governmental Intervention in the Sustainable Mechanism of China’s Blue Finance

Evolutionary Game Analysis of Governmental Intervention in the Sustainable Mechanism of China’s Blue Finance

Renewable Energies and Blue Economy: New Trends in Global Research

Marine spatial planning in Croatia

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