The ocean, seas, coastal and inland waters form a single system which all life depends on. They are places of leisure, of well-being, of trade, and represent an ever-growing area of importance for the economy and future growth of the Nordic region.
For most sectors dependent on the ocean, ‘business as usual’ will not be enough if we are to transform our ocean economy. The Nordic countries have a unique opportunity to take a leading role at international level – becoming a frontrunner in the development of a sustainable ocean economy.
The challenge
The ocean connects the Nordic region, and is a vital source for e.g. trade, jobs, energy, food, and for our future economic growth.
According to the OECD, the value generated by ocean-based industries could more than double in size by 2030 – presenting great opportunities for future growth, new business opportunities, and economic development. We must therefore ensure its protection while sustainably unlocking its vast potential.
Nordic stakeholders should look towards cross-sectoral partnerships as key towards developing innovative solutions. The Nordic countries must engage in cross-border knowledge-sharing and joint technological development that will be vital in transforming their ocean economies.
The objectives
Nordic Innovation's Sustainable Ocean Economy program aims to strengthen Nordic ocean-based industries by promoting cross-border collaboration, and by creating new opportunities for growth and innovation in the region.
This will support the development of a truly sustainable ocean economy in the Nordics.
The approach
The focus of the programme will build on an ecosystem approach based on three overarching dimensions: Space – Surface – Subsea.
As first step a mapping of the Nordic Sustainable Ocean Economy Ecosystem and Strongholds has been commissioned and is to be finalized in September 2021. The mapping will serve as a cornerstone for the work ahead. Stay tuned for further information on the program and upcoming activities.
