#MARINE RESOURCES - The Irish Times reports on ambitious plans to double the turnover generated by the ocean economy as announced by the Taoiseach yesterday.
The new 'ocean wealth roadmap' is specifically geared towards exploiting the potential for 'blue growth', which is also the focus of the EU Strategy for the Atlantic to be discussed at the first Altantic Forum in September.
Ireland currently generates 1.2& of its GDP from the marine sector, compared to 4.2% in the UK and as much as 20% in Norway.
The new plan, endorsed by Taoiseach Enda Kenny and Minister for the Marine Simon Coveney, emphasises that the "real map of Ireland" emcompasses maritime territory 10 times bigger than the landmass, and will look to identify opportunities for growth in the areas of aquaculture, renewable energy, coastal tourism and marine biotechnology.
A list of 15 “actions” for implementation between now and 2014 includes the development of an enterprise strategy for key areas, such as offshore renewables, offshore services, as well as the introduction of a “robust planning and licensing framework”.
The Taoiseach said the Government was “determined that it will be a key component of our economic recovery and sustainable growth generating social, economic and cultural benefits for all”.
The Irish Times has more on the story HERE.