Azores Region Receives €6.5 Million for Fishing Income Compensation
What happened
The Azores region is implementing European Union policies in coordination with the European Commission regarding marine protected areas. The Azores Government Council approved the allocation of €6.5 million, which will be distributed through 2028, to compensate for fishing income losses caused by the implementation of these protected areas. Rui Pinho noted the importance of coordinating this support with the European Commission, adding that the process of establishing the marine protected areas was exemplary.
From theportugalnews.com
Why it matters
The compensation fund is intended to mitigate the socioeconomic impacts of the marine protected areas. The process is currently concluded, pending final publication and authorization from the European Union.
The European Commission and the European Parliament are both involved in developing strategies concerning islands within the EU.
From theportugalnews.com
Who's involved
- Rui PinhoResearcher who highlighted the coordination of support between the Azores and the European Commission.
- European CommissionExecutive branch of the European Union that the Azores coordinates policies with.
- AzoresAtlantic Ocean archipelago and autonomous region of Portugal receiving the compensation fund.
- HortaMunicipality in Portugal where the compensation mechanism was discussed.
Keep exploring
The entities involved
-
European Commission
executive branch of the European Union