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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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Growth prospects, challenges and uncertainties for selected ocean industries

This chapter is concerned with the future of the ocean-based industries over the next couple of decades, as seen through the eyes of a range of international organisations, agencies, industry associations and research institutions. It reviews a large number of recent sectoral projections, with a view to gaining a sense of which industries are considered by experts to have strong growth prospects over the period under study, which are expected to perform less well, and what particular challenges and uncertainties the industries face. The sectors covered are capture fisheries; offshore oil and gas; shipping; shipbuilding; offshore wind; marine aquaculture; marine tourism; maritime surveillance and safety; ocean renewable energy; deep-sea mining; and marine biotechnology.

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