These are the data from the preliminary study of the report ‘Prospects for a sustainable economy in Ibiza and Formentera’.
The value of the blue economy in Ibiza is about 786 million euros and in Formentera 72.45 million euros, according to the preliminary analysis of the report “Opportunities for a sustainable economy in Ibiza and Formentera” presented this Saturday by the Director of Defense from Velmari, Nolia Hernandez on the third day of the Marine Forum.
In his speech, Hernández highlighted the marine environment as a “pillar of the blue economy” of the islands, on which the tourism sector and other services “fundamentally depend,” the organization said in a statement.
In detail, the number of companies operating in the service sector is 79% in Ibiza and 84% in Formentera. Likewise, in the greater Ptusa, 31% are from the tourism sector in Ibiza, rising to 4.5% in Formentera.
In this regard, Hernández notes that 73% of the income generated by tourism depends on a “healthy marine environment” and that this percentage “rises to 91%” for Formentera, creating an initial assessment of the value of the blue economy. In the Pitiusas, it is about 786 million euros in Ibiza and 72.45 million euros in the lesser Pitiusas.
According to this assessment, Velmari’s director of conservation, the greater protection of the sea in Ptusas, will “maintain the current benefits” derived from the marine environment, but also allow “the creation of new opportunities and tourists”. Experiences.”
According to the expert, these new initiatives will “enhance diversification, environmental sustainability and reduce the rate of temporary employment that accompanies the current tourism model.”
The third day also featured an intervention by Jorge Martin, Director of the Quality, Environment, Innovation and CSR Department of the Balearic Islands Port Authority, who presented the sustainability work carried out by the port company.
Martin has extensive programs such as “Green Port-Puerto Verde” that promote sustainability and safety in the workplace, the environment, heritage and biodiversity.
It has also addressed initiatives such as “Green Island”, a project for the decarbonisation of islands, using infrastructure to distribute hydrogen, reducing GHG emissions, creating jobs and installing a 100kw fuel cell to provide heat and power to the infrastructure. Port of Palma, organization explained.
Among other interventions, Luis Prieto, founder and CEO of Madblue, presented his hydrogen boat project, and Mirko Abruzzese, co-founder of La Alternativa Eco and co-founder of One Planet One Life, explained the pilot project they are carrying out at the marina. Ibiza for cleaning hydrocarbons.
