The role of climate-related financial policies in improving marine living resources toward sustainable blue economy over quantiles

Abstract

The purpose of this study is to empirically investigate how climate-related financial policies affect marine living resource performance in order to demonstrate how they contribute to a sustainable blue economy. We use five different indicators to evaluate blue economies' efficiency and sustainability in European regions. These indicators include the value added at the factor costs of small-scale capture fisheries; shellfish aquaculture; freshwater aquaculture; marine aquaculture; and large-scale capture fisheries. The findings of our assessment show how crucial climate-related measures are to increasing the sustainability of the blue economy in the European area between 2010 and 2019. The research findings reveal the varying impacts of climate-related financial policies on blue economy sustainability across different quantiles.