The blue economy vision is that by 2040 Alaska would grow by 50,000 jobs and $3 billion in wages, approximately equal to the oil and gas industry today. Alaska’s blue economy includes existing traditional sectors such as fisheries, coastal tourism and oil and gas, as well as additional “new” blue economy sectors such as ocean technology, renewable energy and marine biotechnology.
The application and commercialization of new technologies and innovation to fisheries and marine science and engineering – referred to as the new blue economy – is one of the fastest growing sectors of the global blue economy. This maritime economic sector is currently valued globally at $1.5 trillion (measured as marine based industrial contribution to economic output and employment) and predicted to expand to $3 trillion by 2030.
Read the full article here.