Delivering Scotland's Blue Economy approach

Glossary

• Bioeconomy means all economic activity derived from bio-based products and processes which contributes to sustainable and resource-efficient solutions to the challenges we face in food, chemicals, materials, energy production, health and environmental protection.
• Blue Carbon refers to the carbon captured and stored by marine species and habitats.
• Climate change mitigation means actions taken to reduce greenhouse gas emissions or enhance the capture of atmospheric greenhouse gases to prevent climate change.
• Climate change adaptation means living with, and increasing the resilience to the impacts of climate change, addressing climate risks and opportunities.
• Cold ironing is the use of shore power by ships while in harbour.
• Digital twin means a virtual representation of an object or system that spans its lifecycle, is updated from real-time data, and uses simulation, machine learning and reasoning to help decision-making.
• Digitalisation is the transformation of a business, industry or organisation by using digital technologies to improve its processes.
• Fair work is work that offers all individuals an effective voice, opportunity, security, fulfilment and respect. It balances the rights and responsibilities of employers and workers. It generates benefits for individuals, organisations and society.
• GDP means Gross Domestic Product – the value of goods and services produced in a country, including in that valuation the impact of taxes on products and subsidies.
• Just Transition is both an outcome – a fairer, greener future for all – and the process that must be undertaken in partnership with those impacted by the transition to net zero. Just transition is how we get to a net zero and climate resilient economy by 2045, in a way that delivers fairness and tackles inequality and injustice.
• National Governments means the Scottish Government and the UK Government.
• Natural capital approach is a way of thinking about nature (natural assets including geology, soil, air, water and plants and animals) as a stock that provides a flow of benefits to people and the economy. The flow of benefits and the capacity of nature to deliver those benefits both need to be maintained, including through investment in the maintenance and enhancement of the natural assets (see Box 1 on page 15 of Scotland's Blue Economy Vision document for more information).
• Ocean literacy is commonly defined as holding 'an understanding of the ocean's influence on a person and their influence on the ocean'.
• SMEEF means the Scottish Marine Environmental Enhancement Fund.
• Wellbeing Economy means an economy that is inclusive and that promotes sustainability, prosperity and resilience, where businesses can thrive and innovate, and that supports all of our communities across Scotland to access opportunities that deliver local growth and wellbeing.