Call for tenders' details

Design and Implementation of a Blue Economy Development Framework
Contracting authority:
Executive Agency for Small and Medium Sized Enterprises (EASME)
TED publication date:
Time limit for receipt of tenders:
English (en)
Question details
Scope and definition - sustainability (Section 1.2)
Sustainability is a broad term that has several definitions. Section 1.2 suggests to focus on the sustainable development goals and within these goals, on SDG 14. Would that exclude unsustainable financial flows (e.g. some sorts of subsidies) that cannot, within reason, be maintained for a longer period of time i.e. being unsustainable? For example; the investment in a windmill farm could be classified as sustainable (blue economy) activity, although the windmill farm by itself on the long term could not be economically sustainable without additional subsidies).
Sustainable development is described in section 1.2 of the call for tender as follows: "Sustainable development requires a comprehensive approach bringing together economic, social and environmental considerations in ways that mutually reinforce each other." Also in section 1.2, sustainable finance is defined as: "a process of taking due account of environmental and social considerations in investment decision-making." As section 1.2 makes clear, the context of the two studies is the development of a sustainable blue economy that takes care of marine resources and the environment; and alignment of financial flows with a pathway towards a low carbon and climate-resilient economy. For Lot 1, unsustainable activities in the blue economy are explained in section 1.4.2 as: "those which harm the ocean environment and local communities; and which expose companies, financial institutions and investors from the private and public sector to stranded assets, reputational risks and economic losses." Within this context, the Contractor shall provide a further working definition of unsustainable finance in the blue economy and will explain the choice of criteria applied to qualify an investment as unsustainable (for Lot 1, Task 2). For Lot 2 (Task 2), the Contractor shall provide a further working definition of the sustainable blue economy; and will describe the economic, social and environmental sustainability risks of each sector covered by the study.