{"id":21912,"date":"2017-03-20T16:16:51","date_gmt":"2017-03-20T20:16:51","guid":{"rendered":"https:\/\/ncseagrant.ncsu.edu\/currents\/?p=9478"},"modified":"2024-05-21T15:54:11","modified_gmt":"2024-05-21T19:54:11","slug":"building-a-blue-economy-in-north-carolina-2","status":"publish","type":"post","link":"https:\/\/ncseagrant.ncsu.edu\/coastwatch\/building-a-blue-economy-in-north-carolina-2\/","title":{"rendered":"Building a Blue Economy in North Carolina"},"content":{"rendered":"

Photo: The largest sector of North Carolina\u2019s ocean economy is tourism and recreation. Photo by Roger Winstead\/NC State<\/em><\/p>\n

The ocean economy contributed $2.1 billion and 43,385 jobs to North Carolina\u2019s economy in 2013, according to a new report by North Carolina Sea Grant and Duke University\u2019s Nicholas Institute for Environmental Policy Solutions<\/a>.<\/p>\n

Ocean and coastal resources played an even larger role in the state\u2019s coastal counties, providing 6.5 percent of gross domestic product, or GDP, and supporting 13 percent of employment. And according to \u201cNorth Carolina\u2019s Ocean Economy: A First Assessment and Transitioning to a Blue Economy<\/a>\u201d report co-author Tibor Vegh, these figures are most likely low.<\/p>\n

\"\"
Sustainable activities, such as ecotourism, could be promoted by policies and programs
designed using a blue economy model. Photo by Roger Winstead\/NC State<\/figcaption><\/figure>\n

\u201cOur estimates represent a snapshot in time only for the sectors where we could find economic data,\u201d explains Vegh, a policy analyst with the Nicholas Institute.<\/p>\n

The new report relies on NOAA\u2019s Economics: National Ocean Watch dataset<\/a> and employment information from the U.S. Department of Labor to quantify a discrete \u201cocean economy.\u201d In North Carolina, this refers not just to activities that take place in the ocean, but also those that receive inputs or provide outputs to the ocean and coast.<\/p>\n

Activities with robust economic data \u2014 contribution to GDP and employment figures \u2014 include fisheries and marine transportation. Comparable information is not yet available for emerging sectors like marine biotechnology, and for ecosystem services not traded in a market, such as coastal protection and habitat restoration.<\/p>\n

The report looks at different ways of measuring the value of these nonmarket goods and services to provide a full accounting of the ocean economy, according to Vegh. \u201cSince many of the sectors rely on the health of the underlying natural capital asset base \u2014 fish stocks, beach and coastal water quality, natural habitats \u2014 it\u2019s important to understand the relationships between the environment and the economy,\u201d he says.<\/p>\n

\"\"
The ocean economy assessment by Duke University’s Nicholas Institute for Environmental Policy Solutions and North Carolina Sea Grant defines and explores the concept of a blue economy for the state.<\/figcaption><\/figure>\n

Balancing these activities with the long-term capacity of the natural resources on which they depend is the basic principle of a \u201cblue economy,\u201d an idea also discussed in the new report.<\/p>\n

\u201cThe blue economy concept can help economists and governments better visualize connections between economic activities and ecological systems,\u201d says co-author John Virdin, director of the Ocean and Coastal Policy Program at the Nicholas Institute. \u201cUnderstanding these links can help improve decisions for those who work, eat and depend on ocean and coastal resources.\u201d<\/p>\n

Jane Harrison, a coastal economist with Sea Grant and co-author, gives this example: \u201cThe largest sector of North Carolina\u2019s ocean economy is tourism and recreation, which depends on protecting the natural amenities that draw in visitors. Using a blue economy model, we could design policies and programs that help advance ecotourism, such as coastal restoration projects and workforce training.\u201d<\/p>\n

\"\"
A \u201cblue economy\u201d approach could help grow industries such as oyster aquaculture. Photo by Chuck Weirich<\/figcaption><\/figure>\n

Expanding upon this assessment to further quantify sectors like energy, carbon markets and aquaculture is the next step in creating a working blue economy model, Virdin explains. With a more robust model, \u201cwe could look at how changes in policies affect key resources and activities, and develop strategies for really growing the ocean economy.\u201d<\/p>\n

This initial assessment of North Carolina\u2019s ocean economy was funded by Sea Grant. Harrison also is developing a blue economy information series to further the explore application of this concept in North Carolina. The premiere issue<\/a> in the series provides a summary of the ocean economy assessment, while the second issue<\/a> focuses on financial-support programs for North Carolina shellfish farmers.<\/p>\n

Both the information series and assessment are available at ncseagrant.ncsu.edu\/blueeconomy<\/a>. For more information, contact Harrison at jane_harrison@ncsu.edu<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The ocean economy contributed $2.1 billion and 43,385 jobs to North Carolina\u2019s economy in 2013, according to a new report by North Carolina Sea Grant and Duke University\u2019s Nicholas Institute for Environmental Policy Solutions.<\/p>\n","protected":false},"author":63,"featured_media":9479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"","ncst_dynamicHeaderData":"","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"categories":[761],"tags":[],"_ncst_magazine_issue":[],"class_list":["post-21912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currents"],"displayCategory":null,"acf":[],"yoast_head":"\nBuilding a Blue Economy in North Carolina - Coastwatch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ncseagrant.ncsu.edu\/coastwatch\/building-a-blue-economy-in-north-carolina-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Building a Blue Economy in North Carolina - 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