The WestMED Initiative actively participated in the 2nd UfM Blue Economy Stakeholder Conference, which took place in Athens on February 19 and 20, 2024.

Background
The WestMED Initiative follows up on the Euro-Mediterranean Ministerial Declaration on the Blue Economy endorsed by the Union for Mediterranean (UfM) which took place on the 17 November 2015, inviting the participating countries to explore the added value and feasibility of appropriate maritime strategies at sub-regional level, and build on the experience of the 5+5 Dialogue.

In October 2016, Foreign Affairs Ministers from Algeria, France, Italy, Libya, Malta, Mauritania, Morocco, Portugal, Spain and Tunisia encouraged further work on an initiative for the sustainable development of the blue economy, alongside the UfM Secretariat.

In the UfM Ministerial Declaration on Sustainable Blue Economy (2021), Ministers “welcome the successful completion of the launch of the ‘Initiative for the sustainable development of the blue economy in the western Mediterranean’ (WestMED)”, and “recognise both the WestMED initiative as successful examples of cooperation, focused on clear goals, priorities and measurable targets and as a catalyst for the development of sustainable blue economy projects in the region”.

The endorsing countries pursue the same priorities under the UfM Working Group and the WestMED Steering Committee: fostering the promotion of the blue economy, achieving a safer maritime space and improving the maritime governance.

Conference involvement
On the occasion of the 2^nd UfM Blue Economy Stakeholder Conference, the WestMED Initiative assisted the UfM both in terms of organization and participation.

At  institutional level, the new WestMED Portuguese Co-Presidency represented by Ms. Marisa Lameiras da Silva, Director General for Maritime Policy in Portugal participated as one of the key speakers in the session of marine renewable energy, providing the success case of Portugal developing offshore energy and its potential replicability in the Mediterranean.

From the Commission side, Ms. Delilah Al Khudhairy, Director for Maritime Policy and Blue Economy, Mr. Christos Economou, Head of Unit for Maritime Regional Cooperation and Mr. Manuel Pleguezuelo, policy officer and WestMED coordinator from DG MARE, participated in numerous sessions showing a strong commitment to the sustainable blue economy in the Mediterranean. The same for Ms. Anja Detant (CINEA), as project manager of the WestMED Assistance Mechanism contract, who highlighted the WestMED Initiative and the award winning projects during the ‘Spotlights on Projects’ session.

At operational level, the WestMED Assistance Mechanism participated in different workshops as experts, moderators and rapporteurs, providing technical expertise. They also supported the UfM Secretariat behind-the-scenes in the development of the Conference.

The conference served as a crucial milestone to assess progress, discuss challenges, and engage the entire Mediterranean Sustainable Blue Economy Community in shaping further deliberations at political and practical level.

A concrete example of succesful cooperation beyond the western Mediterranean was the MoU signed during the conference among the Tunisian and Greek Maritime Clusters  (with groundwork through the WestMED Cluster Alliance) to further boost the blue economy between the western and eastern Mediterranean.

Photos: copyright UfM secretariat

On 26 On January 2023, CINEA together with DG MARE, launched the ‘Community of Practice on Maritime Spatial Planning for the Mediterranean’, with the support of the WestMED Initiative, the MSP Assistance Mechanism and Union for Mediterranean.

This is a voluntary, enthusiastic group of experts from EU and non-EU countries working on MSP in the Mediterranean.

It was established based on a growing need from the MSP Community for a continuous and structured dialogue at sea basin and sub-sea basin level.

The main objective of this MED-MSP-CoP is to establish a permanent exchange between MSP practitioners across borders (i.e. planners, technical experts, researchers), to share knowledge and relevant experiences in the region, reach a shared perspective on MSP topics of common interest and enhance the cooperation between the north and the south shore of the Mediterranean.

In its first year, 3 workshops and 4 thematic webinars have been organised – mostly online. Participants indicated the added value of this platform and plans are underway to continue with these meetings in the years ahead.

If you want learn more and/ or join this Community of Practice, all information can be be found on the MED-MSP-COP webpage

EIB, EBRD, UfM, EC, AFD, CDP, KfW, donors and beneficiary countries sign cooperation agreement at COP28

• Blue Mediterranean Partnership to support transition to a sustainable blue economy in the Mediterranean region
• Partnership to start operating in early 2024
• Partners aim to mobilise at least €1 billion in investments

At COP28, partners and donors involved in the Blue Mediterranean Partnership reinforced their support for developing the sustainable blue economy in the southern Mediterranean region. The parties involved signed a letter of intent to make their participation in the Partnership official and to make the Partnership operational in early 2024.

The Blue Mediterranean Partnership aims to tackle the threats the Mediterranean Sea faces by coordinating the financing of blue economy projects in the Mediterranean and Red Sea regions, focusing initially on Egypt, Jordan and Morocco.

Through a new multi-donor fund managed by the European Bank for Reconstruction and Development (EBRD), the Blue Mediterranean Partnership seeks to secure additional funding from sovereign donors for project preparation and blended finance. Today in Dubai, the European Commission announced a contribution of €1 million, the Swedish International Development Cooperation Agency (Sida) contributed SEK 75 million (€6.5 million), and the Agence Française de Développement (AFD) announced a  €2 million contribution. In the coming months, Germany and Spain are also expected to announce donations, with additional donors to follow.

The European Investment Bank (EIB), AFD, Kreditanstalt für Wiederaufbau (KfW), Cassa Depositi e Prestiti (CDP) and the EBRD – will act as implementing financial institutions and cooperate to co-finance blue economy projects, which will benefit from the grants provided by the Partnership, mobilising also existing financial resources provided by the European Commission through the Neighbourhood Investment Platform and the European Fund for Sustainable Development Plus (EFSD+).

Lastly, the beneficiary countries (Egypt, Jordan and Morocco) will lead on identifying strategic blue economy projects in their territories, while the Union for the Mediterranean (UfM) will act as facilitator of the political and regulatory dialogue.

Read the full article on the website of the EIB