Exploring the Blue Economy and Its Potential for Enriching Our Future
Dive into the world of the Blue Economy, understanding its significance, opportunities, and risks. Discover the economic activities tied to oceans and coastal regions, and how they contribute to sustainable development. Explore the ecological and economic functions of marine ecosystems, highlighting the interplay between biodiversity, resources, and economic growth.
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CREATING THE BLUE ECONOMY, ITS OPPORTUNITIES AND HOW IT CAN ENRICH OUR FUTURE CREATING THE BLUE ECONOMY, ITS OPPORTUNITIES AND HOW IT CAN ENRICH OUR FUTURE DR JACK DYER WORLD OCEAN WEEK WEBINAR https://www.blueeconomyfuture.org.za, Linked In Blue Economy Future SA
OVERVIEW Blue Economy Definitions Blue Economy Significance Marine Ecosystems, Blue Economy and Supply Chains Core Risks and Concerns Emerging Trends Harnessing the 4thIR Understanding the Horizons and Potential of the Blue Economy Ecological and Economic Functions of Marine Ecosystems/The Ocean More Information on Core Policies Employment Opportunities Career Awareness Funding Entrepreneurship Blue/Circular Economy Opportunities Volunteering Opportunities Organisations You Are Not Alone
BLUE ECONOMY DEFINITIONS USA Economic activity which is a) an industry whose definition explicitly ties the activity to the ocean, or b) which is partially related to the ocean and is in a shore-adjacent zip code. Those activities that involve working on or in the sea. Also, those activities that are involved in the production of goods or provision of services directly contributing to activities on or in the sea Ocean based activity either because the ocean resource is the main input or because the access to the ocean is a significant factor in the activity Economic activity which directly or indirectly uses the sea as an input Blue Economy refers to all sectoral and cross-sectoral economic activities related to oceans, seas and coasts including the Union's Outermost Regions and landlocked countries. The established sectors comprises bio-economy, marine extraction of oil and gas, ports, warehousing and water projects, shipbuilding and repair, maritime transport and coastal tourism. This includes direct and indirect activities contributing to the sustainable functioning and development of these economic sectors throughout the single market. It also includes emerging sectors as well as economic value based on natural capital and non-market goods and services. Emerging sectors include renewable energy, blue biotechnology, deep-sea mining, desalination, coastal and environmental protection, defence and security, marine research and education and ecosystem services.(European Commission. 2018). UK Australi a Ireland China The sum of all kinds of activities associated with the development, utilisation and protection of marine resources Those industries which are based in Canada s maritime zones and coastal communities adjoining these ones or are dependent on activities in these areas for their income. Economic activity that takes place in or uses the marine environment, or produce goods and services necessary for those activities or makes a direct contribution to the national economy Industry exclusively responsible for the development, use and conservation of the oceans Economic activity taking place in the ocean including those using ocean resources as inputs Canada NZ Japan South Korea
Ecological/Economic Functions of Oceans and Blue Economies Ecological Economic Biomass/Biodiversity Life Formation and Habitat Life, Food, Material Conservation Supply of Natural Resources, Reduced Imports Biological/Physical/Chemical Redundancy against Uncertainty Growth, Reproduction, Trade, Production, Consumption, Income/Profit Respiration/Oxygen/Photosynthesis Greenhouse gas mitigation funding/source sink Water supply/purification. Food security/Nutrition Protection Protection Vulnerability and Resilience Ocean Chemistry, currents, salinity Risk Identification, Monitoring, Prioritisation, Adaptation Coral atolls geographical physical formation, continued growth and survival Risk Enhancement if Ignored Legal, Reputational, Insurance, Security, Operational, Impact Costs Sand formation, nourishment and sediment Opportunity Evaporation, Condensation and Absorption Insurance against Maladaptation, Climate Regulation calcification, stratification Future Sustainability and Survival Counter eutrophication Knowledge Existing and Potential/Spiritual Detoxification Stability/Security/ Increased Adaptive Capacity Population equilibrium Aesthetic Cultural/Social Tourism
THE BLUE ECONOMY Ocean assets are valued at over $24 trillion. Projected growth from US $1.5 trillion in economic activity and 31,000,000 direct jobs in 2010 Over $3.6 trillion and 45,000,000 jobs between 2010 and 2030 The High Level Panel for a Sustainable Ocean Economy in 2020 estimated investing US $2 to $3.2 trillion would generate between $8 to $22,8 trillion from 2020 to 2050 a net ROI of 400 to 615%. Every $1 invested in mangroves would yield >$3 in direct net benefit, excluding indirect benefits for blue carbon, fisheries, ecosystems etc. Every $1 invested in offshore wind production would yield $2-$17. Every $1 in decarbonisation of shipping would yield a net benefit of $2-$5 minimum Projects indicate though over 90% of coral reefs will die by 2050 More plastic currently exists then fish species in the oceans IUU fisheries cost a minimum $17 to $30 billion each year
MARINE ECOSYSTEMS, BLUE ECONOMIES AND SUPPLY CHAINS MARINE ECOSYSTEMS, BLUE ECONOMIES AND SUPPLY CHAINS
THE BLUE ECONOMY RISKS Climate Change Natural Disasters COVID19 and pandemics Human Population Growth and Resource Pressure Pollution IUU Fisheries Coastal Erosion/Sand Mining Seabed Mining Species Extinction, Migration and Biodiversity Technological/Social/Economic Uncertainty Apathy
EMERGING TRENDS 30% By 2030 Global Seafloor Mapping Initiative 4thIndustrial Revolution and Digitisation Decarbonisation, LNG Remote working and COVID19 pandemic, Nomad tourism, remote working, ecotourism . Increase in related funding tenders/blue carbon Divergence of finance releasing of more investments, equity and interest. Links to circular economy Surge of policies
HARNESSING THE FOURTH INDUSTRIAL REVOLUTION, DIGITISATION AND BIG DATA HARNESSING THE FOURTH INDUSTRIAL REVOLUTION, DIGITISATION AND BIG DATA
Understanding the Horizons and Potential of the Blue Economy Understanding the Horizons and Potential of the Blue Economy Ocean Activities Economy Emerging Opportunities Blue Economy Fisheries, Aquaculture Cabotage Shipping; Transport and Ports Marine and Services Navies - Ocean and Coastal Governance Offshore oil and gas Marine finance, entrepreneurship and insurance; Dry Ports Undersea mining/Bioprospecting Cargo Drones, Robotics/Marine Protection Marine Desalination Marine Biotechnology; Blue Carbon Renewable Energy; Marine, Cruise Tourism and Recreation Education and Training Maritime development, sensors Vessel automation and conversion research Technology and e.g. Ship Repair Small Marinas Harbours and Marine pollution, waste recycling and the circular economy
More Information and Core Policies of Interest More Information and Core Policies of Interest Atlantic Strategy/INTEREG 2020 Pacific Ocean Pathway/Office of Pacific Ocean Commissioner African Union Integrated Maritime Strategy/Blue Economy Strategy , Asian Development Bank s Blue Oceans Action Plan,, Commonwealth Blue Charter Commonwealth Marine Economies Programme European Union s Horizon 2020 FAO Blue Growth Vision MPA Atlas/MPA News World Bank s PROBLUE Blue Prosperity Coalition; International Seabed Authority Stop Illegal Fishing Campaign World Ocean Council Myriad events from Blue Economy Caribbean to Blue Economy events in Kenya and Tunisia or the Sustainable Ocean Summit Economist s World Ocean Initiative Mediterranean Blue Economy Stakeholder Platform, MARIBE, NEXUS UNEP s Sustainable Blue Economy Finance Principles, Investable Oceans Newsletter
BLUE ECONOMY CAREER AWARENESS Blue Generation Guide European Commission EMPORIA4KT project EU Submariner Network Moses Kotane Institute/SAIMI SA MSP Platform SANCOR -SA SAMSA/TETA SA www.blueeconomyfuture.org.za ConservationCareers.Com IMMAREST Marinecareers.net MarineInsight.com
Aquaculture and MPA Employment Opportunities Aquaculture and MPA Employment Opportunities Input/Stocks e.g. hatcheries, feed, supplies, transport, fuel, records, and other equipment/services. Equipment may include freezers, sorting tables, tools, aerators, harvesting, storage, fishmeal, fish oil and pumps. Producer/Production Processes (pond, ranch, tank, aquaponics and cage), fertilizing/monitoring, construction materials, buildings with moorings and walkways; stimulating real estate; Labour, Technology HR Procurement, Administration and Recruitment, Volunteers, Rangers land, Marketing, Logistics, Monitoring Distribution IT, Environmental and Education, Training, Testing, Research and Development, Lab Technicians, Chemists, Capital, Species husbandry; Vets, Storage/Processing maturing and fish Cultivation packaging Education Technology Design and construction, engineering, Security Recreational and game fishing/tourism and events Marine Ecological Capital -Blue Bonds Jewellery, cosmetics and harvesting stages, Diving, Vets, surveyors, salvaging, Ferries, Refreshments, Gifts, Toys and Training; Research, Tourism archaeologists -guides, marine Biotechnicians, Psychologists, Biochemistry, Biologists, Marketing/Distribution Logistics, Insurance, Retailer/ -shops, Wholesaler Servicing equipment/infrastructure and repairing Value Nutrition etc. Nutraceuticals, added products, Restaurants, Cafes Ornamental pet fish, Aquariums and Tourism/tours Value adding beneficiation e.g. cans, ready meals Bioremediation, Ecological Restoration Marine Marine reserves, blue carbon bonds ecological capital Marine medical, biotechnology; dieticians,
Tourism and Marine Renewable Energy/Offshore Employment Opportunities Tourism and Marine Renewable Energy/Offshore Employment Opportunities Drilling/energy/mining geochemist engineer; geologists, Vessel repair and maintenance, tugs and barges Reception cashiers and Administration, and Management IT Construction of tidal, wave, wind, solar, current, thermal energy conversion and other energy types infrastructure, vessels, offshore platforms, tidal stream devices Equipment -pipes, drilling, tools, lubrication, paint, spools, wind tensioning cables, turbines, various sensors, installations, operations and maintenance Curators exhibition managers, Historians, Divers and Stewards and tour guides Hydrographic surveyor; geoscientist; Electronics Intermodal transport and storage, ports, HR and Recruitment, Procurement, Administration Medical, Health and Safety Restaurants catering and Security, Cleaners Marketing, Distribution and Logistics, Seafarers, Officers, Shipping, Training, Testing IT, Monitoring Software/Simulations, Environmental Deployment, Recovery and Monitoring, Array Design Security, Legal, Environmental, Insurance, Technology, Development Technicians, Research and Preparation guidebooks of Souvenir gift/other shops and Drones, diving, inspections, ports, shipping Catering, entertainment, bunkerage services Subsea and pipeline engineers, Electricians Refineries, petrol stations, pipelines, processing, retail Banking, Insurance and finance Desalination plants; Salinity gradient technology; Hydrodynamicists, Sales managers, Oceanographers, Riggers, pipe fitters and wielders Tourism Consultants
Maritime Education and Training/Circular Economy Employment Opportunities Maritime Education and Training/Circular Economy Employment Opportunities Hydrographic surveyor; geoscientist; Electronics HR and Recruitment, Procurement, Administration Marketing, Distribution and Logistics, IT, Environmental Monitoring stationery, tools, equipment Intermodal storage, ports, bioprospecting Medical, Health and Safety transport and Lecturers/Academics/R esearchers Hosting Conferences and Events Administration, HR, Logistics, finance, other staff Repairs, gardens/grounds and maintenance Education, Research and Development, Lab Technicians, Pharmacists, Pharmaceuticals, Gene therapy, Genetics Biotechnicians, Psychologists, Biochemistry, Banking, Insurance and finance Training, Testing, Software/Simulations, Providing catering, Entertainment, Culture, Insurance, Security, IT services Chemists, Aquaculture -as per previous table, Vets, Wholesaler, Retailer, processing Cosmetics, Student halls of accommodation, shopping, Simulators, Electronics; plumbing etc. Biologists, Medical services Sport Legal - patents etc.; Consultancy Technicians, Artisans Student enterprises and other spillover economic activities from pilot research projects etc. Drones, diving, inspections Servicing equipment/infrastructure Fermentation and process; cell and tissue biotechnology Nanobiotechnology, Bioweaponry, Bioremediation, Restoration and repairing Value added products, Nutrition etc. Nutraceuticals, Marine ecological reserves, blue carbon bonds Biofuels and Biomimetic and biomaterials Microbial Enhanced Recovery, Chemicals, capital Bioinformatics, electricity, Workshops, training and other courses Supporting Alumni visits Marine Eco Oil
BLUE ECONOMY GRANTS FUNDING SOURCES MPA Atlas Terra Viva Grants Directory Waitt Foundation/Blue Prosperity Coalition Funds for NGO s.org Open Channels.org Contacts.ramsar.org Funding the Ocean.org Marisla Foundation Blue Action Fund Conservation Finance Alliance African Foundation Oceans Without Borders Peace Parks Foundation Leonardo de Caprio Foundation Pew Charitable Trusts Gordon and Betty Moore Foundation Ocean Foundation Save Our Seas Foundation Oceana Coral Reef Alliance Surf Rider Foundation Bertarelli Foundation WWF IUCN Project Aware Foundation Blue Ventures World Bank Pro Blue
BLUE ECONOMY INVESTOR SOURCES Alimentos Ventures, Ocean 14 Capital Blue Bio Value Blue Natural Capital Financing Facility Blue Economy Zone Industrial Fund Althelia Funds Aloe Private Equity/Energy Mirova Sustainable Ocean Fund Katapult Ocean Blue Carbon Initiative Bonafide Ltd. Blue Solutions. Blue Area Fund Fishing Accelerator International Partnership on Blue Carbon (IPBC) The Meloy Fund International Capital Market Association Pro-Azul Investas investisseurs priv s Ocean Exchange, Mermaid Investments, Ocean Hub Africa Ocean Assets Institute, SWIOFISH 1 Mozambique Alpha Blue Oceans Blue Oceans Partners, Rockefeller Asset Management, Alpha Blue Oceans Invest in Vibrant Oceans Caribbean Development Bank Encourage Capital Commonwealth Secretariat - Commonwealth Marine Economies Programme European Investment Bank Sea-Ahead, Horizon 2020 SKY Ocean Rescue Fund World Bank Pro-Blue programme etc Asian Development Bank Plan for Healthy Oceans and Sustainable Blue Economies Ocean 5 Greenbackers Investment Capital Association luxembourgeoise des Bloomberg Philanthropies
BLUE ECONOMY ENTREPRENEURSHIP Liquid Grid Blue Institute Blue Excellerator Ocean Hub Africa Ocean Opportunities Lab TOOL Ocean Startup Project Sustainable Ocean Alliance Accelerator World Economic Forum Uplink Innovation Challenge World Ocean Council Global Blue Innovation Incubation Network Blue Invest EU Blue Tech Accelerator Branson Centre of Entrepreneurship Compete Caribbean COVE Journey Partners, Ocean Exchange PLOCAN, Port XL Sea Ahead Seaworthy Collective UNDP Blue Accelerator Labs Washington Maritime Blue
BLUE/CIRCULAR ECONOMY OPPORTUNITIES FOR ENTREPRENEURS Products /Case Study Examples Surfboards Recycled Plastic Bracelets, Beachwear and Other Sustainable Apparel) Spooked Kooks, Organic Dynamic, Firewire, 4 Oceans Textile Fabrics from Ocean Plastic Ambercycle, Parley for the Oceans, TIDE Ocean Materials Recycled Fishing Net from Skateboards, Furniture, Game sets, Sunglasses, Clothing Bureo Recyclable Foam Products Community Incentives to Recycle Waste into Textiles Eco-Sustainable Sailing Dhows/Boats from Recycled Plastic and Flipflops Cruz Foam Enaleia Flipflopi Recycled Bricks/Construction Materials Backpacks Recycling Plastic into Boats Discarded Fishing Gear Recycled Sandals and Footwear from Ocean Plastic/Waste Reusable Plastic Based Bottles/Products Ocean Plastic Furniture Discarded Flipflops into Sculptures Toys From Recycled Plastic/Fabric Straws, Packaging Compostible Packaging Roofing -to replace Corrugated Iron Sheets Gjenge Makers, Plastic 2 Bricks Got Bag Madiba and Nature Ecoboat Net Your Problem Nu Oceans Ocean Bottle Ocean I Ocean Sole Shore Buddies Sulapac TIPA, Toraphene Unknown but possible -i.e. custom imported machine from Europe Manhole/Other grid covers Unknown - Plastic replacement
Examples of Inspiring Solutions Created a Directory of 500+ Entrepreneurs
ORGANISATIONS YOU ARE NOT ALONE Blue Marine Foundation Blue Planet Society Global Fishing Watch Global Ocean Forum Oceana Ocean Foundation s Deep Sea Mining Campaign RISE UP Campaign Save The High Seas Sustainable Ocean Alliance World Ocean Council Antarctic and Southern Ocean Coalition Greenpeace International Coastal Cleanup Marine Stewardship Council Oceana Ocean Unite Our Blue Lung Eu Stop Illegal Fishing Campaign Surfrider Foundation World Ocean Initiative The Economist
VOLUNTEERING OPPORTUNITIES/NGOS International Blue Prosperity Coalition Blue Ventures, Children for the Oceans Conservation International Deep Sea Conservation Coalition Friends of Ocean Action Global Coral Reef Alliance Greenpeace High Seas Alliance, IUCN Oceans Mission Blue Ocean Foundation, Ocean Rescue Alliance Pew Charitable Trust, Reef Check, Reef Worlds Sea Shepherd, Tara Oceans WWF Local South Africa/Namibia African Youth Marine Waste Network Benguela Current Convention Ocean Youth Ambassadors Durban Green Corridors Dyer Island Conservation Trust Namibia Nature Foundation Orca Foundation SANCCOB Shark Conservancy/Sharklife Sustainable Seas Trust WESSA Wild Trust/Wild Oceans For More Information Please See Website
Any questions ??? Feel free to contact me on Jack.Dyer@utas.edu.au; jad@blueeconomyfuture.org.za; https//www.blueeconomyfuture.org.za; Linked In Blue Economy Future
