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The Ocean Economy in 2030

image of The Ocean Economy in 2030

This report explores the growth prospects for the ocean economy, its capacity for future employment creation and innovation, and its role in addressing global challenges. Special attention is devoted to the emerging ocean-based industries in light of their high growth and innovation potential, and contribution to addressing challenges such as energy security, environment, climate change and food security.

 

The report examines the risks and uncertainties surrounding the future development of ocean industries, the innovations required in science and technology to support their progress, their potential contribution to green growth and some of the implications for ocean management.  Finally, and looking across the future ocean economy as a whole, it explores possible avenues for action that could boost its long-term development prospects while managing the use of the ocean itself in responsible, sustainable ways.

 

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An overview of the ocean economy: Assessments and recommendations

This chapter summarises the key findings of the report and offers a set of recommendations to strengthen international co-operation in the sustainable management and development of the ocean economy of the future. It puts forward a working definition of the ocean economy which encompasses not only the ocean-based industries but also the natural assets and ecosystem services that the ocean provides. Focusing on the ocean industries, the chapter outlines the findings of the OECD Ocean Economy Database and briefly presents the estimates of the current value added and jobs provided by the ocean economy worldwide. Turning its attention to the future, the chapter describes the principal forces driving the ocean economy forward, and estimates value added and employment in the global ocean economy by 2030. The results suggest rapid growth of most ocean industries over the next couple of decades, putting increasing strain on the ocean environment and its resources and posing significant challenges to ocean management. The chapter ends by proposing a set of recommendations for governments, business and research which could significantly enhance sustainable ocean management.

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