CIRCULAR ECONOMY FEATURES TO THE BLUE GROWTH DOMAINS

Milen Baltov ()
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Milen Baltov: Burgas Free University, Burgas, Bulgaria

Economic Science, education and the real economy: Development and interactions in the digital age, 2020, issue 1, 352-361

Abstract: In the last four year the circular economy impact went well beyond the theory and policy issues of the European Union. Now it’s a phenomenon to which a class of financial instruments is fine-tuned and many of the companies and public entities operating under its principles prove to be profitable also. The blue growth initiative that appeared in a timely parallel with the circular economy seems reasonable in line with it. Though less research was performed on identifying the certain features of the circular economy in the domains of the blue growth. In this paper, the determinants of the circular economy influencing or achievable in the glue growth initiative domains will be identified. Some analytical data at an EU level and some indications from those domains will be scrutinized especially towards the established traditional maritime industries such as fisheries, tourism, and maritime transport, but also new and emerging activities, such as offshore renewable energy, aquaculture, seabed extractive activities, and marine biotechnology and bioprospecting. The catalytical effects to restore and protect coasts, generate sizeable business activity and jobs when job creation activities will be identified also.

Keywords: Circular economy; Blue growth; Innovation potential; Regional specifics; Maritime domains (search for similar items in EconPapers)
JEL-codes: O32 Q25 (search for similar items in EconPapers)
Date: 2020
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