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Accidents occurring offshore in relation to the Oil and Gas (O&G) industry may produce significant damaging effects on the marine environment, and particularly on the fishing and aquaculture industries. The economic cost of the impact that major offshore accidents have on fisheries is most frequently assessed with the Social Cost method, accepted by the current international compensation framework. The cost of the impact of minor incidents is evaluated by the Compensation mechanism, and therefore ...

Maritime spatial planning

Sracfhéachaint 05-12-2013

Some EU Member States (MS) have introduced a maritime spatial planning (MSP) process to manage the activities taking place within their seas and coastal areas. Increased activities at sea are expected to contribute to economic growth and innovation. The European Commission has proposed a Directive that would oblige MS to make such plans and coordinate them with other MS.

In September 2012, the European Commission put forward a blue growth strategy for the EU. Elaborated in the context of the EU's Integrated Maritime Policy, the initiative focuses upon the potential of the EU's marine and maritime sectors to contribute to sustainable economic recovery in Europe, and in particular to create new jobs and foster innovation.

The increasing use of seas and coasts for economic activities, the 'blue economy,' leads to growing and competing demands for maritime space. Maritime spatial planning (MSP) is a relatively new approach to overall planning of the use of seas and coastal areas. In March 2013, the European Commission proposed a Directive that would oblige Member States to make maritime spatial plans and coordinate them with other MS.