Composites Towards Offshore Renewable System Needs

Countries are embarking on blue economy framework that integrates a wide range of interconnected, established and emerging sectors that operate in deep waters as well as on coasts. Established sectors contribute to the economy over the long term, such as the shipping sector, while emerging sectors have yet to mature, but are showing potential for future growth. The maritime industry has become an important sector of the economy today. And as everyone is striving for economic growth, a new magic word has been created: blue growth. Seas and oceans have the potential to generate new jobs and economic growth. Blue economy jobs in the EU are estimated at 5.4 million with a gross value added of about € 500 billion, according to the European Commission. The blue economy also plays an important role in the US economy. Globally in 2017, an estimated 3.32 million people was employed contributing to about $307 billion to the national gross domestic product (GDP). There has been strong growth in the blue economy over the past 15 years. From 2005 to 2017, the blue economy grew at a rate of 3% per year-which is more than twice as fast as the US economy as a whole.