Projects per year
Abstract
As ocean space increasingly is used for production purposes, such as for the production of food and feed, renewable energy and resource mining, competition for space becomes a concern. A spatial solution to this is to co-locate activities in a multi-use setting. Next to the direct (financial) costs and benefits of multi-use and the societal cost and benefits, there are other factors, in the realm of legal aspects, insurance, health and safety issues and the overall governance of multi-use, that determine whether multi-use can be implemented successfully. This includes transaction costs that arise when for example non-adequate regulation, governance and insurance schemes are in place. Based on the analysis of five case studies across Europe these combined/collective transaction costs of multi-use are analysed and suggestions how to reduce and/or overcome these transaction costs are presented.
Original language | English |
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Article number | 106017 |
Journal | Marine Policy |
Volume | 161 |
DOIs | |
Publication status | Published - Mar 2024 |
Keywords
- Governance
- Marine multi-use
- Transaction costs
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Dive into the research topics of 'The hidden costs of multi-use at sea'. Together they form a unique fingerprint.Projects
- 1 Finished
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UNITED: Multi-Use offshore platforms demoNstrators for boostIng cost-effecTive and Eco-friendly proDuction in sustainable marine activities
1/01/20 → 31/12/23
Project: EU research project