Baltic Sea Action Plan Fund finances 15 new projects to improve the environmental status of the Baltic Sea
Since the establishment of the Baltic Sea Action Plan Fund in 2010, a total of 46 projects have been financed to facilitate and speed up the implementation of the Baltic Sea Action Plan (BSAP). Now, fifteen new projects have been selected by the Nordic Environment Finance Corporation (NEFCO) to receive funding. The goal is to restore the ecological status of the Baltic marine environment.
Thirty-three project proposals from six countries were submitted in the fund’s latest application round in October 2020. As a result of the evaluation, 15 projects from four countries will receive grants ranging from EUR 30 000 to EUR 200,000.
Most of the project proposals were related to agriculture, recycling of nutrients, and wastewater treatment, in addition to proposals to better understand and reduce hazardous substances from the seabed.
Through the BSAP Fund, we can provide financing for a wide variety of applicants representing both the public and private sectors. A good example among the recently selected projects is UAB Ekodrena, a private company from Lithuania aiming to reduce the outflow of nutrients from agriculture using controlled drainage to retain rainfall in fields, said Dennis Hamro-Drotz, Senior Investment Manager at NEFCO.
Nefco and NIB jointly manage the Baltic Sea Action Plan Fund, which was initiated by its contributors Finland and Sweden in 2010. This fund is a key instrument for accelerating the implementation of the Baltic Sea Action Plan defined by HELCOM. Within the HELCOM framework, the countries around the Baltic Sea have agreed to achieve good environmental status by 2021.
The plan is currently under revision, integrating new environmental challenges to keep improving the status of the sea. All the projects are expected to have a direct or indirect positive impact on the environmental status of the Baltic Sea. Hamro-Drotz sees the importance of public-private partnerships.
The idea with the BSAP fund is to provide early-stage funding to demonstrate the effectiveness of new solutions. As a matter of fact, the grants from the fund have unlocked further financing totaling seven times the original investment from the BSAP Fund, speeding up the implementation of certain projects and thus their environmental impacts on the Baltic Sea, said Dennis Hamro-Drotz.
Some examples of agreed projects from the October funding round that have started or are about to start:
- The Swedish municipality of Vallentuna will receive funds to dredge the sediments of Lake Vallentuna. The aim is to dredge 5-6 tonnes of phosphorus deposited as sediment causing eutrophication in the lake, river, and eventually also in the Baltic Sea ecosystem, and to improve the biological and physicochemical quality of the watercourses.
- The Estonian Police and Border Guard. Numerous shipwrecks that have been deteriorating on the Baltic Sea floor since the Second World War still have unknown amounts of heavy fuel oil (HFO) and other hazardous substances on board, causing a serious environmental problem for the Baltic Sea. The project will complete detailed underwater evaluations of five to ten shipwrecks to estimate the quantity of oil on board and their potential discharge.
- The Finnish Foundation for a Living Baltic Sea (BSAG) will work on minimizing the discharge of greywater, treated black water, and food waste from ships into the Baltic Sea. Through an information campaign together with ports and shipbrokers, the organization aims to increase awareness and enhancing information flow to ships.
About the Baltic Sea Action Plan
The Baltic Sea Action Plan (BSAP) was adopted by the Convention on the Protection of the Marine Environment of the Baltic Sea Area – also known as the Helsinki Convention (HELCOM) member countries (Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Russia, and Sweden) in 2007, with the aim to restore the good ecological status of the Baltic marine environment by 2021. Currently, the plan is under revision, integrating new environmental challenges to keep improving the status of the sea.
The BSAP provides a concrete basis for HELCOM’s work. Since the adoption of the plan, the sea has experienced environmental improvements such as a reduction in nutrient inputs, a better state of biodiversity, and a decrease in maritime incidents and spills. The BSAP Fund was set up in 2010 to help speed up the implementation of the BSAP, until now its donors have been from Sweden and Finland, with Nordic Investment Bank (NIB) and Nordic Environment Finance Corporation (NEFCO) as the Fund managers.