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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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International maritime regulation and emerging ocean-based industries

This chapter provides a forward view of the changing regulatory landscape affecting ocean industries. It describes briefly how the traditional composition of the maritime sector has been transformed over time by the emergence of new ocean-based activities, and some of the difficulties encountered by the existing regulatory frameworks to adapt to these new industries. Regulatory frameworks are nonetheless evolving. The chapter explores some of the regulatory changes that can be expected in the coming years, selecting three areas for particular attention: the ocean environment and protection of biodiversity, prevention and mitigation of pollution, and maritime safety. Ocean industries and the protection of marine biodiversity are addressed through the lens of gaps in regulatory instruments identified several years ago by the International Union for Conservation of Nature (IUCN), some of which still remain. Regulation of pollution is approached from the aspect of CO2, NOx and SOx emissions from maritime activities, as well as the potential problems still posed by oil spills and discharge of waste, not least in the extremely vulnerable environment of the Arctic. And upcoming regulatory changes in maritime security are explored with a special focus on maritime cybersecurity.

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