Given the urgency of the climate crisis and how it will affect the region, the next 5 years can be an opportunity to drive the sustainability agenda forward and build on existing opportunities. Growing awareness of the circular economy is creating new benefits in the way waste is being dealt with. This will be crucial to create a more sustainable and inclusive Mediterranean.

How to gain real benefits from circular economy approaches.

How is waste management becoming more sustainable?

Embracing circular principles and zero landfill options.

How can companies introduce circularity to their operations to gain commercial value from waste?

How should we assess future risks?

The role of governance to ensure a thriving circular economy.

What roles do different stakeholders across the value chain play?

The intrinsic link between Mediterranean sea and globalized world economy must be perceived by business community and all stakeholders as one. future we want, and need, for our Mediterranean must bedifferent from one we have been contributing to.

Mediterranean region is a recognised marine biodiversity hotspot and a vital resource of economic activities for 480 million people living in region. It is fifth largest economy in region, generating an annual economic value of more than US$ 450 billion.

More specifically, blue economy provides food, jobs, water and is a source of economic growth. It generates USD 3-6 trillion to world economy and will be source of 200 million jobs globally by 2030. refore, building a sustainable blue economy is one of most important tasks and greatest opportunities of our time.

Mediterranean’s transition to a sustainable blue economy will require new economic models that inspire innovation, foster corporate leadership and reward crosssector collaboration.

• • The blue economy is an essential source of wealth and prosperity. How can region harness that potential and opportunities for growth, employment and investment that it provides?
    A new economic model is needed to boost potential of Mediterranean and re are significant opportunities for investment in blue economy.
  • How can maritime Mediterranean business community collaborate to take advantage of se opportunities and meet se challenges?
  • The EBERD, EIB and UfM, toge r with support of European Commission, have created Blue Mediterranean Partnership, teaming up for a sustainable blue economy. How can we deliver support to Mediterranean countries by developing ir blue economy sectors and activities sustainably?

What can the Mediterranean private sector, the Mediterranean governments and the EU and International Community do to close the climate finance gap?

Between now and 2030, the Mediterranean region will need $1.8 trillion to fulfil its Nationally Determined Contributions under the Paris Agreement. Currently, annual climate finance flows on the South Mediterranean are only $30 billion.

Last COP27 in Egypt provided a platform for South Mediterranean nations to discuss a climate finance package to bridge this gap and advance the Mediterranean Climate Strategy. While a just energy transition requires industrialized countries to honour their pledge of $100 billion annual investments to climate finance, Mediterranean leaders can and should explore alternative financing solutions.