Wednesday, February 14, 2018

Expertise and innovation: what UK must do to develop its Blue Economy

The UK prides itself on being an island

nation in a world that is almost three-quarters oceans and seas. Packed full of potentially valuable resources, the ocean has long played a vital role in transport and fishing. But commercial exploitation has been slowed by the very real technical and non-technological challenges and the high costs that accompany them.
What has come to be known as the “Blue Economy” is set to power an expanding global ambition to create jobs and economic growth by bringing together expertise and technology across a range of traditional and emerging industries, ranging from energy, shipping and fisheries to biotechnology and seabed mining. Individual sectors of the Blue Economy are increasingly interdependent, relying on common skills and shared infrastructure.Offshore oil and gas operations at sea, for example, introduced technologies for heavy industrial activities, ranging from engineering to robotics, and these are now employed in other emerging sectors such as offshore wind.