Category: Business News
The Norwegian Government has released an updated Ocean Strategy, noting that the nation’s blue economy has been important for centuries.
The Norwegian ocean areas contain rich oil and gas resources, which have played a key role in the development of the nation’s welfare state. At the same time, Norway’s ocean is the basis for one of the world’s largest and most sustainable seafood industries, as well as a large maritime industry.
The Organisation for Economic Cooperation and Development (OECD) estimates that the ocean economy’s contribution to global value creation will be doubled by 2030, compared to 2010. The opportunities for future growth and new jobs are considerable for industries operating in global markets; both in established industries such as oil and gas, fisheries, aquaculture and shipping, as well as in industries such as coastal-based tourism, space activity, and emerging industries such as offshore wind, seabed minerals, and new biological resources for food and pharmaceuticals.
Read entire article HERE.
Click HERE to download the government’s new strategy.
Published: June 4, 2019