Sustainably produced hydrogen is likely to have many additional uses in a greener economy.Offshore wind technology has come a long way from the niche, expensive option it was seen as just a few years ago, while other marine renewables are showing promise. A price on carbon is probably one of the best ways to close that gap.To fully decarbonise shipping by 2050, investment totalling $1.4trn-1.9trn is needed, mostly in the fuels supply chain developing low-carbon hydrogen and ammonia. Of these, processing and manufacturing are the most attractive to investors as they offer scale and relatively low risk.

On World Oceans Day on June 8th, people around the world celebrate the ocean.This year’s theme, Innovation for a Sustainable Ocean, resonates with The Economist Group’s World Ocean Initiative and our audience. One-third of wild fisheries are overfished and no longer biologically sustainable. By 2050 there could be a larger tonnage of plastic than fish in the ocean.The next decade offers the opportunity to create a circular economy for plastic in which we end its unnecessary use, implement effective waste management, develop alternative materials, and reuse and recycle the plastic in the system. Some, like kelp farming, are nature-based and have the potential to sequester carbon. Sed dignissim dapibus ex, non faucibus odio dignissim sit amet.

Waste management includes collecting, aggregating, sorting and processing plastic items and manufacturing recycled products.

The fundamentals driving progress towards sustainability remain strong: the need to combat climate change and sustainably feed a growing population are not going away. Progress by the G20 on marine plastic pollutionRethinking the ocean-climate crisis: Why negative emissions and ecosystem life support are urgently neededEconomist Intelligence Unit reveals leaders and laggards on coastal governanceThe need to protect at least 30% of the ocean by 2030Will Chinese New Year bring good fortune for fish sustainability?Ocean offers glimmer of hope amid COP25 disappointmentWill the EU meet its own deadline to end overfishing? One is the idea of increasing alkalinity by putting large amounts of minerals such as limestone into the ocean.

In contrast, upstream waste-collection has largely been ignored by investors. This is not easy because nature-based activities are often seen as too small, too risky and not offering an attractive return. Offshore wind also has potential to be integrated with other industries, such as green hydrogen manufacturing.Meanwhile, wave and tidal-stream energy generation has risen significantly over the past decade. In doing so, the industry has a pivotal role to play in decarbonising energy use in the wider economy.The problem is that there is no consensus in the shipping industry over which low-carbon alternative fuel to switch to.

We foster a global conversation on how to make it a reality.

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Tackling the global crisis of plastics in the ocean means reducing and better managing solid waste on land.

This World Ocean Day, register to join The Economist's World Oceans Initiative's Insight Hour webinar, which includes a premiere of our newest film featuring Sir David Attenborough #WorldOceansDay

Progress by the G20 on marine plastic pollutionRethinking the ocean-climate crisis: Why negative emissions and ecosystem life support are urgently neededEconomist Intelligence Unit reveals leaders and laggards on coastal governanceThe need to protect at least 30% of the ocean by 2030Will Chinese New Year bring good fortune for fish sustainability?Ocean offers glimmer of hope amid COP25 disappointmentWill the EU meet its own deadline to end overfishing?‘Ocean super year’ in disarray due to coronavirus crisisBlue Vision? As demands on ocean space increase, the present mainly sectoral approach to ocean management must give way to more integrated systems designed to balance competing activities with the health of the ocean. Yet most plastic items are used only once before being discarded, and too often they end up polluting the environment.

In this report, the World Ocean Initiative assesses the challenges facing key sectors in the ocean economy including seafood, shipping, tourism and renewable energy.

Jul 2nd 2020.

Cruise ships emit air pollutants and greenhouse gases.Tourism is also among the sectors most at risk from climate change. The Economist Intelligence Unit forecasts global output and global trade to contract by larger margins in 2020 than during the global financial crisis more than a decade ago.Yet there is great optimism that a green-blue recovery is possible.

This means harnessing ocean resources for economic growth while protecting the environment and ensuring social equity. Effective governance is essential to a thriving and sustainable ocean economy.

Curabitur est arcu, consequat ut iaculis eget, scelerisque at dolor. The industry is now targeting 190GW by 2030.As well as helping to decarbonise energy systems, offshore wind has a number of tangible environmental and social benefits, with fewer of the limitations faced by onshore wind, such as competition for land use, and transportation and infrastructure constraints. All rights reserved‘Ocean super year’ in disarray due to coronavirus crisisBlue Vision?

Concurrent strategy sessions.

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