OCEAN INDUSTRIES & MSP: REPORT ON CHALLENGES AND OPPORTUNITIES

Abstract: 

The WOC report provides the first multi-sector, industry-oriented review and analysis of the value, challenges and opportunities of MSP for the ocean business community.

The report describe the following values that MSP may provide to industry:

  • Identifying and developing data sources on marine ecosystems and their uses
  • Streamlining regulatory/permitting processes
  • Reducing user conflicts and associated litigation
  • More efficiently using public and private funds

The WOC’s work with ocean industries reveals that the private sector seeks clarity on:

  • The relationship between MSP and other governance processes and mechanisms
  • Regulatory and authority gaps and uncertainties
  • How MSP will function in multiple jurisdictions
  • How the MSP process will remain relevant and transparent
Sea Basin(s): 
Year: 
2016
Application in MSP: 
Unknown effect
Sectors: 
Not sector specific
Type of Issue: 
Cross-border cooperation
Economic aspects
Stakeholders
Type of practice: 
Study
Cross-border / trans-national aspect: 
Yes

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