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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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Science, technology and innovation in tomorrow's ocean economy

This chapter considers one of the most important drivers behind the development of ocean industries: science, technology and innovation. Specifically, it assesses the role of science and new knowledge about the oceans; recent and upcoming developments in incremental and disruptive technologies which are enabling and accelerating the growth of the ocean economy; and the fostering of innovation in the ocean domain through such avenues as leveraging technology synergies among maritime sectors, promoting innovation through maritime industry clusters and technology incubators, and encouraging ocean economy foresight. Rather than adopting a sector-by-sector perspective, the chapter favours a cross-cutting approach that emphasises many of the interdependencies and interactions among maritime activities which are a key feature of the ocean economy.

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