New OECD report on "Fostering Innovation in the Ocean Economy" planned



Future Ocean and OECD cooperate on the economic valuation of ocean observation data

Ocean observation data not only provide a central basis for ocean exploration, but also provide valuable information for industry and policy applications and planning. The OECD, Organization for Economic Cooperation and Development, is currently preparing a report on "Fostering Innovation in the Ocean Economy" to be presented to the public at the turn of the year 2018/2019, based on analyzes and compilations of international scientists, to provide a sound framework for innovation in the marine economy.

 

The economist Dr. Julia Hoffmann will be responsible for Ocean Observation for the Cluster of Excellence "Future Ocean" and prepare analyzes for application and innovation opportunities resulting from the multitude of ocean observation data.

The cooperation of the Cluster of Excellence 'Future Ocean' and the OECD in this subproject is a component of the activities in the Knowledge Exchange of 'Future Ocean' between science and political organizations. Julia Hoffmann earned her degree in the working group "Environmental, Resource and Ecological Economics" of Professor Martin Quaas at Kiel University. Her recent work, which is expected to be completed within this year, will focus on the analysis of end-users and uses of ocean observation data as well as the economic valuation of the benefits associated with ocean observation data. Included in the study are the IOC-UNESCO, which is involved, in the Global Ocean Observing System (GOOS), and the EU project AtlantOS, which deals with the integration of ocean observation systems for improved use. Both initiatives include in their research program the potential uses for science, politics and industry of ocean observation data.

The first kick-off workshop of the Institute for the World Economy in Kiel was held in January 2018 with business representatives from the field of data processing. In particular, the participants discussed which ocean observation data is currently available for further use and what opportunities arise from examining large data (big data) for hidden patterns, unknown correlations and other information.

More information about the topic
As early as April 2016, the OECD project group "Space and Oceans" had published the report „The Ocean Economy in 2030". The report presents and discusses the economic development potential of different sectors and their interaction, which are influenced either directly or indirectly in their production process by oceanic resources. Important factors influencing the estimation of future economic developments are innovations in these sectors.
Link to the report: http://www.oecd.org/futures

Contact
Julia Hoffmann, j.hoffmann@economics.uni-kiel.de
Wiebke Müller-Lupp, wmueller-lupp@uv.uni-kiel.de