Cuan Beo publish major 1 year report on the value of the sea in South East Galway Bay, finding marine industries are generating revenues of €105m and supporting 550 jobs
Monday 22th November 2021
Cuan Beo, a community based coastal organisation working in South East Galway Bay, have published a major 1-year report ‘An Economic Assessment of the Marine Resources of the South-East Galway Bay Catchment’.
This report, the first of its kind, notes the value of marine related industries in the region which generated revenues of €105m and supported approximately 550 jobs. The ground-breaking report also delved further, in setting out to identify and value the ecosystem services of South East Galway Bay. It placed a monetary value on the coastal environment and what it contributes to the human health and well-being of the region.
The report was commissioned to highlight the importance of the marine resource of South East Galway Bay and to help better inform national policy making and local decision making. The report was presented at a regional event held on Friday afternoon last (19/11/21) attended by local politicians and policy makers, representatives of State agencies together with those working and living in this coastal catchment. It included farmers and fishermen, community groups, tourism and recreation groups, scientists, environmental groups and those who rely on the sea and the coastal area of South East Galway Bay for a living. A panel, including Ms. Elaine Donohue (Bia Innovator), Prof. Stephen Hynes (SEMRU), Ms. Ciara O’Halloran (Flaggy Shore Oysters), Mr. Alan Farrell (Galway County Council) and Mr. Ruairí Ó Conchúir (LAWPRO) provided an opportunity for those attending to open the conversation around the future development of the region in a sustainable way. The event was moderated by Dr. Micheál Ó Cinnéide (former EPA Director and now Corrib Beo).
The report is the first of its kind in Ireland to begin the process to quantify both established (market) industries and ecosystem (non-market) services and their value on a catchment wide basis. The South East Galway Bay Catchment is a very distinct geographical area. It is connected by a common drainage system, drawing all rainfall and run-off water in the catchment and discharging it into Galway Bay. There are 46 catchments in Ireland according to the Environmental Protection Agency (EPA). The South East Galway Bay is known as Catchment 29 and covers an area of approximately 1,200 Km2. It includes about 117 km of coastline stretching from the Galway Harbour to Blackhead in Co. Clare and extends inland to Athenry, Loughrea and Gort. The report highlights the value and importance of data collection and management for the catchment.
The report also highlights potential growth areas across a number of key sectors where the resources available in the catchment could be developed in a sustainable manner to create new jobs and generate revenue. These growth areas include climate technology, blue health, marine and coastal tourism, research and local community development. These sectors offer unparalleled opportunities for growth and sustainable development, building on the circular economy and supporting climate resilient communities.