Taiki Ishikawa, Unsplash
The Ocean Economy to 2050
OECD Energy Solutions Fisheries & Aquaculture Plastics & Pollution Shipping & Ports
The ocean economy has long been a powerful driver of global growth, creating jobs, fuelling development, and ensuring food security for millions worldwide. If the ocean economy were a country, it would be the fifth largest economy in the world. However, climate change, environmental degradation, lagging productivity, and slow digital transformation are intensifying pressures on marine ecosystems and economic potential. Tackling these challenges requires bold, co-ordinated action, not only to safeguard marine ecosystems but to sustain the ocean economy as a source of prosperity for future generations.
The OECD report The Ocean Economy to 2050 provides groundbreaking data, analysis, and insights to support policymakers in fostering a sustainable and resilient ocean economy. It explores potential pathways for the sector’s development through 2050, emphasising the urgent need for science-based decision-making and improved ocean governance. The report underscores the need to phase out harmful practices and combat illicit activities—the so-called "dark ocean economy." It also highlights the critical role of transitioning to cleaner energy and harnessing digital technologies to mitigate environmental impacts, address climate change, and enhance the productivity of ocean industries.
Read the full report and executive summary here.