The final frontier: Who owns the oceans and their hidden treasures?
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ML20181205_B4Excerpt
Oceans - which scientists say are less understood than the moon or Mars - cover more than 70 percent of the Earth’s surface, yet less than 20 percent of their seafloor has been mapped or observed, according to the U.S. National Oceanic and Atmospheric Administration (NOAA). And what lies below the waves is worth trillions of dollars. The so-called “blue economy” of marine resources is expected to contribute $3 trillion to the world’s GDP by 2030 - equivalent to the size of the UK economy - up from $1.5 trillion in 2010, according to the Organisation for Economic Co-operation and Development (OECD).
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Tabary, Z. (2018, December 5). The final frontier: Who owns the oceans and their hidden treasures?. Malaya Business Insight, pp. B4, B5.
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National Institute of Ocean Technology National Oceanic and Atmospheric Administration (NOAA) Organisation for Economic Co-operation and Development (OECD) United Nations Convention on the Law of the Sea (UNCLOS) Pew Charitable Trusts United Nations (UN) International Whaling Commission (IWC) Brazil’s Federal University Alaska Eskimo Whaling Commission (AEWC) International Labour Organization
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