The ocean makes a significant and growing contribution to the world economy. According to the Organisation for Economic Co-operation and Development (OECD), the size of the ocean economy was an estimated $1.5 trillion in 2010, equivalent to around 3% of global GDP. By 2030, the oceanās contribution is forecast to double in size to $3 trillion (from 2010 levels). Innovation is crucial to both harness the opportunities a sustainable ocean economy can offer and address the risks that ocean degradation poses. Areas of particular promise for innovative solutions include ocean energy, the decarbonisation of shipping, aquaculture, ecosystem restorationĀ and āblue carbonā, ocean geoengineering, and blue finance.
Read my full guest article for Innovation News Network.
More posts on the ocean economy:
- Attending the 10th Our Ocean Conference in Busan
- Earth Day 2025: Marine Conservation Society launches Big Give appeal to keep “forever chemicals” out of ocean, forever
- How to shape global standards for blue data, technology and capacity building
- Speaking about the zero-pollution ocean, the Global Plastics Treaty and global standards for blue data at the World Ocean Summit
- Speaking at Economist Impact’s 12th annual World Ocean Summit & Expo in Tokyo