DNV GL is employing more resources to its ocean space research programme in order to strengthen its commitment to find out more of new ocean opportunities.
In order to develop the best practices and standards, the program works with stakeholders from business, government and academia. It is also collaborating with others so as to share ocean data and for the development of foresight on the blue economy.
About 70% of the business of DNV GL is related to the ocean and its huge range of activities in this area is complimented by the ocean space programs. The sustainable ocean initiatives has DNV GL in the forefront.
It has brought together 30 companies and institutional investors to sign to the UN Global Compact Sustainable Ocean Principles thereby, making a commitment to take action for securing a healthy and productive ocean. In the Xynteo Exchange event also DNV GL worked with Microsoft that was about the measures, analysis and sharing of ocean data.
“DNV GL’s history is intertwined with the oceans, which has allowed us to build deep expertise across the industries involved in the blue economy,” said Remi Eriksen, Group President and CEO of DNV GL. “The oceans are integral to the energy transition, provision of food and global trade and our increased focus on ocean space will allow DNV GL to navigate the associated risks and opportunities for our customers.”
The oceans are socially and economically important. According to the forecast of Energy Transition Outlook of DNV GL, about 40% of the final energy requirements can be met by electricity by mid century by using the power generated by the offshore winds. In the report that was given by DNV GL in the UN Global Compact, it mentioned the consumption of fish has increased twice as fast as the growth in population since the 1960s and at present about 3.2 billion people get animal protein from fishes. Moreover, 80% of the global trade flow is accounted for by the shipping industry.
Inspite of the possibility that data can be shared in the industry it is not being done. By using the industry platform Veracity, DNV GL seeks to help in data sharing.
“We need more accurate and reliable data on ocean economic activity, the state of marine ecosystems and the interactions between the two. This will support decision-makers and help raise general awareness of the importance of the ocean; both in terms of investment opportunities in economic activities and to crucial problems that demand action at many levels,” said Bente Pretlove, Programme Director of Ocean Space at DNV GL.
The DNV GL’s commitment to the research and development will provide benefits to the ocean research programme. The company will reinvest 5% of its revenue into R&D. This announcement was made by DNV GL in the Our Ocean 2019 in Oslo in which the governments, organizations and businesses are motivated to announce new and far reaching actions on the ocean.