An abalone aquaculture farm in Co Galway is one of over 100 ocean farming and marine businesses across Europe joining forces with Trinity researchers and the Western Development Commission (WDC) on an international study investigating the challenges and benefits of a nature-positive economy.
The pilot study of the nature-positive potential of the blue economy in Ireland forms part of the GoNaturePositive! research project which was launched by Malcolm Noonan, Minister of State for Nature, Heritage and Electoral Reform, at an event in Trinity Business School on Wednesday.
The Horizon Europe-funded initiative, led by Trinity Business School, involves 20 partners across 14 countries and a network of global collaborators to accelerate awareness and transformative action towards a nature-positive economy among policymakers, investors, businesses and wider society.
Research will result in more clarity on the concept of a nature-positive economy and provide guidance for businesses and policy-makers on the priorities for transformation. The project’s alignment with the WDC’s interests in marine and economic sustainability highlights a forward looking approach to regional development, focusing on harmony between economic activities and nature.
Speaking at the event, Minister Noonan said: “The outcomes from this research will help to inform government policy and provide guidance on the delivery of our new Irish National Biodiversity Action Plan.
“The ringfencing of €3.15 billion for climate and nature spending between 2026 and 2030 demonstrates our commitment to a nature-positive transition”.
Allan Mulrooney, CEO of the WDC commented: “The blue economy is a key priority for the Western Region of Ireland, reflecting our dedication to exploring sustainable development within this sector. We are keen to engage with businesses of varying sizes to navigate this evolving landscape together”.
