The Blue Economy 

The Significance of the Blue Economy

  • Ocean's economic value at $1.5 trillion (USD) in 2010, "The Ocean Economy in 2030,” OECD.  
  • The Blue Economy accounts for 2.5% of world gross value added, OECD
  • The ocean economy is expected to grow to $3 trillion (USD) in 2030, OECD
  • It represented $372 billion or 1.8% of the United States gross domestic product in 2018, NOAA.
  • 127 million people or 40% live in US coastal areas and 2.3 million jobs are ocean related, NOAA.
  • Demand for maritime commerce is expected to double by 2025, US Coast Guard

MTS is convening innovators, scientists, public and private organizations to discuss the Blue Economy, and we invite you along.


Initiatives & Events

MTS & Ocean Exchange Engaging with the Blue Economy Webcast Series

  • The Ocean Exchange™ and MTS offer a joint webinar series – Engaging with the Blue Economy.  
  • More than 250 people have joined the webcast to learn more about the Blue Economy.

Testimonials

  • “Very insightful and much needed evolving industry insights. Great speakers offering varying perspectives and knowledge" - Vesa Koivumma 
  • “The series gave us an opportunity to connect with a diverse audience in a new, interactive way" - Carrie Schmaus, Department Of Energy

Upcoming Webinars in the Blue Economy Series

  • Additional information and registration links will be added when available. 
  • Archived webinars in this series are HERE!

September 8, 11 a.m. EDT  - Market Disruption

  • Jax Kirtley, professor and co-organizer of the Wharton Technology and Innovation Conference
  • Jim Costopulos, CEO and founder of Global Oceans 

REGISTER HERE!


 The American Blue Economy Podcast with Retired Navy Rear Admiral Tim Gallaudet

The American Blue Economy Podcast, launched in April on the American Shoreline Podcast Network, a Coastal News Today production. Retired Navy Rear Admiral Tim Gallaudet, PhD, CEO of Ocean STL Consulting hosts the monthly podcast. Admiral Gallaudet is the former Assistant Secretary of Commerce for Oceans and Atmosphere and Deputy NOAA Administrator, and before that Oceanographer of the Navy.

  • The series covers transportation, tourism, sustainable seafood, coastal resilience, and mapping.
  • Topics include: national security, STEM education and workforce development, and diversity.

LISTEN TO THE PODCAST HERE


United Nations Decade of Ocean Science for Sustainable Development

This week for World Oceans Day, The UN Decade of Ocean Science for Sustainable Development announced that more than 60 Decade Actions have been endorsed. Visit https://oceandecade.org/news/134/World-Oceans-Day-discover-the-results-of-the-first-Call-for-Decade-Actions  for more information.


NOAA Releases New Report on America's Marine Economy 

America’s marine economy contributed about $397 billion to the nation’s gross domestic product in 2019 and grew faster than the nation’s economy as a whole, according to the most current results of the first official Marine Economy Satellite Account released on June 8 by NOAA and the Bureau of Economic Analysis (BEA). The report described 10 sectors representing businesses dependent on the nation’s oceans, coasts and Great Lakes between the years 2014 and 2019. Marine-related gross domestic product grew 4.2% from 2018 to 2019, faster than the 2.2% growth of the total U.S. gross domestic product as measured in inflation-adjusted dollars. More info here: https://www.noaa.gov/news-release/marine-economy-in-2019-outpaced-us-economy-overall