Blue Economy Predicted to Worth £140 Billion Annually by 2035

A planned global underwater engineering hub in Aberdeen could be launched early next year after UK Government announces £1.3m for Aberdeen underwater engineering hub support.
The facility aims to reinforce the city’s reputation as the “go-to destination” for the subsea industry and to help the region diversify away from its reliance on the oil industry.
It’s hoped that by harnessing expertise currently deployed in the oil and gas sector, the UK will be able to maximise the opportunities presented by the blue economy, which is predicted to be worth £140 billion annually by 2035.
The Blue Economy which was coined from Gunter Pauli’s 2010 book- “The Blue Economy: 10 years, 100 innovations, 100 million jobs”.
According to the World Bank, the blue economy is the “sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem.”
European Commission defines it as “All economic activities related to oceans, seas and coasts. It covers a wide range of interlinked established and emerging sectors.”
The Commonwealth of Nations considers it “an emerging concept which encourages better stewardship of our ocean or ‘blue’ resources.”
An important challenge of the blue economy is to understand and better manage the many aspects of oceanic sustainability, ranging from sustainable fisheries to ecosystem health to preventing pollution. Secondly, the blue economy challenges us to realize that the sustainable management of ocean resources will require collaboration across borders and sectors through a variety of partnerships, and on a scale that has not been previously achieved.
This is a tall order, particularly for Small Island Developing States (SIDS) and Least Developed Countries (LDCs) who face significant limitations.” The UN notes that the Blue Economy will aid in achieving the UNSustainable Development Goals, of which one goal, 14, is “Life Below Water”.

source: https://www.energyvoice.com/