Overall, we heard that Canada needs strong, modernized legislation and regulations, including the Oceans Act, to enforce marine spatial plans and manage todays oceans issues using marine spatial planning. Access to capital through the innovation lifecycle, including government funding programs, is another way to support ocean technology SMEs. This study considers the changing market requirements and provides a consistent market overview of the segments. The conservation economy was another future-oriented ocean opportunity discussed during our engagement activities. This includes science, technology, engineering and mathematics (STEM)-based careers. More on the Technical expert group on sustainable finance (TEG). In particular, we heard that there is an urgent need to connect and align all of the sources of data about the ocean and marine resources, including Indigenous and local knowledge, so any gaps can be determined. This includes investments to help both larger and smaller ports and harbours better withstand the impacts of climate change, such as rising sea levels and storm surges. However, the scale of the investment challenge is beyond the capacity of the public sector alone. This Knowledge Platform is a digital space to provide countries with the information they need to implement INFFs, connect with other INFF stakeholders, and bring together new knowledge of experiences with INFFs around the globe. For example, we learned that SednaLink plans to build a 2,000-kilometer fiber optic network between Iqaluit and Newfoundland and Labrador by November 2022, and to extend the network to Qikiqtani communities in Phase II and Kivalliq communities in Phase III. Solutions to help service, network and technology providers accelerate growth. Overall, the key message we received from Canadians who participated in our engagement activities is to value our natural environment in the blue economy strategy. We also received a lot of input about how to enable intergenerational succession in fisheries by addressing the high cost of entry and supporting new entrants through policy changes. TheEU is already providing impetus to help attract the required investments with the European Fund for Strategic Investments and other initiatives. ISG Research for Enterprises Inform your technology strategy and digital transformation with market insights and service provider comparisons. However, we heard that coastal communities located in remote and northern areas of Canada need investments in basic- and business-related infrastructure, as well as access to local and affordable education, training and skills development, to better benefit from ocean-based sectors. contactless delivery, remote working and flattening hierarchies are becoming the new realities; banks have gearing up to deal with the challenge by leveraging technology platforms. We need to apply those to our ocean economy. Canadas blue economy has real potential to generate new opportunities for sustainable growth and prosperity. We also heard about the importance of helping sectors welcome international visitors and customers to our coastal communities and businesses, and enabling our marine transportation networks to sustainably move our manufactured goods within Canada and globally. There are many of us with common interests but we are not aware of each other.. ", This report is visionary and courageous and also much needed. At the heart of the Addis Ababa Action Agenda are national sustainable development plans and strategies supported by integrated national financing frameworks or INFFs. Canadas aquaculture sector involves finfish, shellfish, and seaweeds and a range of farming methods. For example, we heard that there are opportunities to expand the National Shipbuilding Strategy to boatbuilders so they can take on vessel-life extension projects for the Canadian Coast Guard and other federal fleet owners, and tap into the international market. ), quicker and more supportive policy development, continue to help industry adopt new technologies, including through research and development funding programs, build on Oceans Protection Plan initiatives, such as investigating how different marine mammal detection tools could work together, prioritize development of regulations to manage marine transportation in the Arctic, collaborate with other departments and agencies (and internationally) to share data, reduce regulatory burdens and ensure consistent decision making and regulations, support new and existing collaborations between government, innovators and the sector to find solutions to issues, such as appropriate ballast water treatment systems, and involve mariners in data collection, science and decision making, align with international trends in decarbonization, alternative fuels and propulsion, and other green marine technologies, support the International Maritime Organizations Decarbonization Fund, continue to invest in the marine safety system, ensure sector access to government infrastructure programs, continue to build climate resiliency by renewing and repurposing the Transportation Assets Risk Assessment program, reform Canadas pilotage system to lower its costs, streamline operations, and prevent pilotage authorities from hiring navigators trained by industry, streamline and base the Pilotage Risk Management Methodology process on science, The Port of Vancouver port is collaborating with several American states to undertake the, The Prince Rupert Port Authority has developed a, The Halifax Port Authority is collaborating with other transportation industries to establish a sector-focused Living Lab called, consider rebranding small craft harbours to better reflect the level of business and to recognize all users so the program is better planned and implemented, ensure the port divestiture program and ports on the periphery can support necessary climate change risk assessments and resiliency upgrades, reflect stakeholder input to the Ports Modernization Review within the blue economy strategy, improve accountability and transparency of Port Authority decision making, clarify roles and responsibilities, and provide a mechanism for appeal of decisions, coordinate across departments and agencies to review and streamline port policies, governance, mandate, transparency, and regulatory environment, work with other levels of government to further enable shared access and multi-purpose ports, harbours and related marine infrastructure, including cost-share upgrade opportunities, upgrade key ports and harbours so they can receive ships and larger cruise vessels, incentivize ports to invest in innovation and green technologies, such as a green ships program, prioritize renewable energy projects with ports and coastal communities to support transition to clean energy, including in alignment with Canadas Hydrogen Strategy, continue to invest in the National Trade Corridors Fund to enable immediate and long-term port modernization in support of Canadian trade and competitiveness, allocate portions of the Low-carbon Economy Fund and/or Green Infrastructure Fund to support marine terminal operators, establish a data bank of research studies to enable more efficient regulatory processes and encourage more private sector investment and more development of innovative solutions, develop export trade strategies that focus on utilizing ports and marine transport, collaborate with ports to initiate research and pilot programs to expand sustainable operations within the supply chain industry, encourage more collaboration and networking between innovators and sectors, as well as living lab initiatives, such as PIER, connect other blue economy sectors with shipbuilders and boatbuilders, as well as innovators, to build and test the viability and safety of low-carbon, alternative fuel vessels and invest throughout the innovation lifecycle, enable collaborations and networking across ocean sectors to leverage best practices and prevent siloed approaches to multi-sector issues, such as labour shortages, invest in modern, reliable and resilient infrastructure, including green infrastructure, continue to help ocean sectors adopt clean technologies, ensure enterprise-wide access to government innovation funding programs, develop more agile regulations to keep up with innovation and new technologies, invest in vessel-life extension projects and the shipbuilding sector by expanding the National Shipbuilding Strategy to boatbuilders, improve federal procurement processes to be accessible to SMEs and to align decarbonization and other sustainability objectives within federal call-ups for vessels, enable initiatives to attract transiting vessels, such as through Canadas Tourism Strategy, collect and analyze primary data on boatbuilding to inform decision-making and training standards, retain domestic sales of pleasure craft that have resulted during COVID-19, revisit the luxury tax based on its socio-economic impact on recreational boatbuilders, invest in end-of-use vessel disposal programs, work through international trade to lift tariffs on materials needed by ship- and boatbuilders, and to address protectionist legislation preventing Canadian vessel builders from competing for U.S. contracts, determine what makes Canada special and unique to grow tourism as part of efforts to brand Canadas ocean assets, support the cruise industrys strategic plan, invest in infrastructure, including ports, harbours, Internet connectivity and anchor attractions, collaborate with other departments and agencies (and levels of government) to develop up-to-date policies and regulations for tourism to ensure the safety of tourists, ensure ocean legislation and policies, as well as marine spatial planning, include tourism, support ACOA-Sector Council pilot projects to train fish harvesters to become tourist operators in the off-season, align boatbuilding and marine servicing to the tourism sector to explore how made-in-Canada vessels could be part of the tourist business and experience, invest in tourism opportunities to showcase cultural and Indigenous heritage, consider the impacts of fisheries decision making on tourist-related activities, enable access to more coastline clean-up funding opportunities, continue overall collaboration and communications across marine and coastal tourism, improve access to financing and options for income generation, encourage collaboration and networking between blue economy sectors to enhance tourism experiences and offerings, research, development and demonstration through the Emissions Reduction Fund, engagement and approval requirement under the, collaboratively developed Environmental Effects Monitoring plans, none of which have shown adverse impacts over the past 25 years, digital Offshore project that is working to develop world-class digitalization capabilities, environmental Studies Research Fund, which provides invaluable scientific data to all oceans sector participants, ecoNEXT research to establish a pathway to net-zero, establish modern, agile, predictable and consistent energy regulations to enable and advance environmental sustainability and inclusion, collaborate with other departments and agencies (and levels of government) to ensure consistent and transparent decision making and streamlined regulations, enable sector certainty through consistent decision making and regulations to help the sector attract global capital investors, facilitate marine renewable energy opportunities via increased regulatory clarity, significantly reduce the time it takes to review offshore oil and gas exploration licences, align the blue economy strategy to Canadas Hydrogen Strategy, fill data, information and knowledge gaps by investing in offshore infrastructure, such as weather buoys, as well as in science, data collection and data analysis, invest in oceans broadband to encourage deployment of offshore accessibility options, demonstrate government support for marine renewable enterprises at all stages of research, development, demonstration and commercialization, require engagement of communities and other ocean users, as well as consultation of Indigenous communities, at all project stages to help sectors get a social licence to proceed, be clear about why energy is being produced: to achieve net-zero commitments or for export, incentivize companies to participate in research and development through new funding mechanisms to de-risk private sector investments, work through international trade to lift the duties placed on the use of Specialized World Asset vessels which diminishes Canadas competitiveness, and to address aspects of the, allow offshore oil and gas development projects to qualify for the Atlantic Investment Tax Credit, even on a short-term basis, clarify the impact of Article 82 of the United Nations Convention on the Law of the Sea, support start-ups, scale-ups and SMEs throughout the research and development lifecycle, ensure enterprise access to government funding programs and procurement processes, improve procurement processes to align with the pace of innovation and technologies, permit unsolicited proposals to be put forward to government purchasers, increase government programs that support ocean technology at commercialization stages, encourage collaboration and networking between ocean technology SMEs and sectors, enable made-in-Canada solutions for remote environments and autonomy, bring together technology, genomics and aquaculture to achieve food security, establish modern and agile regulations to enable innovation and advanced technologies, build a whole industry on monitoring and addressing climate change, expand our leadership in ocean observing systems and networks, develop concrete, science-based solutions to effectively managing shipwhale interactions, lead in feeding the world sustainable seafood, be a leader in ocean plant cultivation and blue carbon, lead by integrating the unique knowledge of Indigenous peoples in decision making, improve data on overfishing and illegal, unreported and unregulated fishing, lead on electrification of marine transport vessels, use structured processes when working with regional fisheries management organizations, lead multilateral international efforts to address illegal, unreported and unregulated fishing and ocean plastics, resolve systemic inequities for Indigenous peoples and other under-represented groups, help build the ocean management capacity of developing and smaller states. The global pandemic accelerated e-commerce adoption and saw retailers adapt, in a matter of days, to new sales channels such as buy online pickup in store (BOPIS); curbside pickup; lockers; social commerce; voice commerce; and buy now, pay later.. For examples: While ports and harbours are leading many sustainability changes, they recommended that we support their efforts to further green operations. For example, we heard that some ports have revenue-sharing agreements with Indigenous communities, have procured Indigenous business services in high value contracts, and are employing a high percentage of Indigenous peoples in port-related businesses. The financial sector has a key role to play in reaching those goals. (An anchor attraction is a feature tourist venue, activity or sightseeing spot that forms the basis for a broader tourism economy and revenues in a select area or community.) Sustainable finance also encompasses transparency when it comes to risks related to ESG factors that may have an impact on the financial system, and the mitigation of such risks through the appropriate governance of financial and corporate actors. There is consensus among the Canadians who participated in our engagement activities that positioning our blue economy for growth and success requires understanding and addressing the key cross-cutting issues identified in the engagement paper. Enterprises have been facing the need to adopt new technological advances due to cost pressure from their finance teams. But we also heard that processing is a huge consumer of carbon-produced energy, so to improve its sustainability, it must transition to green energy. We want to thank everyone who took the time to participate in a roundtable, submit a submission or respond to our online survey. The consultation follows one of the recommendations delivered by the High-Level Expert Group in its interim report. They include: These ideas are interconnected with what we heard to support inclusion, diversity and equity overall, and what we heard to increase the proportion of under-represented groups in managerial and decision-making roles; namely, the importance of promoting ocean careers and role models, targeting recruitment, and increasing ocean literacy. In addition, it was recommended that we should empower Indigenous peoples, fish harvesters and other coastal citizens to continue to collect and share data, while investing in other collaborative science activities. As described above, some ocean sectors are already incorporating new technologies, such as automation, artificial intelligence and digitization, to gain a sustainability advantage. Head of Consumer Rights and Food Policy, "Good food isn't just about deliciousness. 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