The New Blue Economy Presentation

OCEAN STUDIES BOARD October 1, 2014

Rick Spinrad, Ph.D. Chief Scientist

National Oceanic and Atmospheric Administration NOAA

THE NEW BLUE ECONOMY

Oceans as non-finite

Extractive

Exploitative

1964

“A 50 percent improvement in the accuracy of long-range weather forecasting might well produce savings of $2 billion per year.”

Ocean as finite

Sustainability

Ecosystem services

Ocean health

TODAY

How can this new knowledge be translated into a NEW BLUE ECONOMY?

PRIVATE WEATHER INDUSTRY

Media (220)Environment (80)Legal/Insurance (20)Agriculture (20)Aviation (20)Utilities (20)Construction (20)Marine (20)Land Transport (5)Leisure (5)

What about a public-private ocean enterprise?

THE OCEAN ENTERPRISE

INTERMEDIARIES

END USERS

PROVIDERS

Credit: Rayner – IOOS Summit 2012 – white paper

e.g. observations value-added products

emergency managers, developers, city planners

MARINE S&T MARKET – UK STUDY

Market confidence is high 81% forecast growth in the market

> Doubled in 4 years

7

RESILIENCE IS

BIG BUSINESS

OCEAN DATA + OCEAN PREDICTIONS + TOOLS + DECISION SUPPORT DECISIONS & ACTIONS

SUSTAINABLE FISHERIES

CLIMATE CHANGE OCEAN ACIDIFICATION APPS

ADVANCED SAMPLING TECHNOLOGY

VISIONARY MARKETABLE SCIENCE

COASTAL PLANNING Three alternative management scenarios for Lemmens Inlet, B.C.

•  Food from fisheries •  Food from

aquaculture •  Coastal protection •  Renewable energy •  Aesthetic quality •  Recreation •  Marine carbon •  Water quality •  Habitat risk

MULTIPLE USE SCENARIOS

Incentives •  Emerging metrics

•  Post-Sandy green infrastructure technology and design funding

•  Development of approaches to valuation

Community-scale long-term planning

Scape’s Oyster-tecture plan for Brooklyn’s Gowanus Canal

VISIONARY MARKETABLE SCIENCE

HARMFUL ALGAL BLOOM FORECASTS

•  Human and fish health •  PCR analysis for genetic variations

in toxin production •  Real-time toxicity testing with PCR

in a can

•  Bloom detection and characterization •  AUV quad-copter network for

early detection •  Hyperspectral radiometer data •  AUV ‘edge of bloom’ detection •  Application of remote sensing

retrieval algorithms

VISIONARY MARKETABLE SCIENCE

OCEAN pH SENSORS

VISIONARY MARKETABLE SCIENCE

PROTEOMICS Opportunities for existing businesses to dive into new sectors Ecosystem assessment, functioning, and forecasting

HEALTH CARE

ECOSYSTEMS

Saito et al., 2014

“If  you  build  it,  they  will  come…”  

Let’s define this new blue economy.

THANK YOU www.noaa.gov

A NEW blue economy for a resilient future

ADDITIONAL SLIDES

Small to medium companies dominate the sector

MARINE S&T MARKET – UK STUDY