It is expected that climate will dramatically change, namely increase of cold temperature and warm temperature extremes, more severe rainfall and flooding, higher frequency of storms and continuous and increasing polar ice melting.
All waterborne sectors
The impacts of climate change are regionally different. Investments are needed to make transport infrastructures, but also assets like aqua farms, oil and gas platforms, etc. more robust against the expected more severe weather conditions.
For shipping, the increased intensity and frequency of oceanic storms will increase weather routing, which could lead redirecting of ships along longer but less storm-prone routes. Ferries and fishing vessels are expected to experience more events in which operation will not be possible. Continuous and increasing polar ice melting will result in the utilization of accessible new sea routes, especially the Northwest Passage, along the northern coast of North America and the Northeast Passage, along the northern coast of Russia. The exploitation of expected significant oil and gas resources in arctic areas will be seen.
Based on a higher public awareness towards energy efficient and environmental friendly operations environmental regulations related to environmental impacts from offshore production facilities like (carbon) emissions and water usage are expected.
With the expectation of increasing exploitation of oil and gas resources in deeper waters and harsher environments, of increasing number and size of wind and aqua farms in combination with the expected increase in more severe weather conditions the blue growth industry will face more regulatory pressure for safe and environmental friendly operations.
With the increase of more severe weather conditions coastal infrastructure, such as ships fairways, dikes, but also wind and aqua farms, oil and gas platforms will be subject to more stress and damages and need to be designed and/or improved in order to withstand these more severe conditions. The increasing possibility due to polar ice melting to navigate in the arctic region will need to build up and/or improve existing infrastructure for safe shipping and/or exploitation of resources.