Rising Demand for Resources
Minerals and Energy
Global oil consumption has doubled since the late 1960s, and natural gas consumption more than tripled. Demand for copper has quadrupled since 1960, while rare earth elements – hardly used before 1950 – are in increasing demand for new technologies. As resources on land dwindle, businesses turn to the ocean.
Genetic Materials
Marine genetic resources show great promise for application in pharmaceuticals and biotechnology. There is breakthrough activity against HIV, cancer, TB cystic fibrosis and malaria.
Living Marine Resources
The global fish catch has quadrupled since the 1950s and contributes roughly 16% of the animal protein consumed globally. Deep-sea species such as corals and sponges are being studied for uses in medicines for cancer, arthritis and other conditions. 18,000 products are already made from marine organisms.
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