Australian Innovation

Looking to the Seas

The latest Australian Institute of Marine Science Index of Marine Industry, shows a sector making a major contribution to Australia’s strong economic performance.

Innovation Minister Senator Kim Carr said the Index underscored why the Australian Government was investing in marine science.

“Marine science is more important today than at any other time,” Senator Carr said.

“It is central to the biggest issues facing humanity: climate change, environmental sustainability and food security to name a few.

“For example, marine-based tourism is an important industry sub-sector and that’s why we’re investing $49.4 million in infrastructure for research into climate change impacts on the Great Barrier Reef and other tropical marine environments.”

The total measurable value of marine-based industries grew by 6 per cent from 2007-08 to 2008-09 – a conservative estimate since economic data is not available for many marine activities.

“The fact that between 2001-02 and 2008-09, the industry’s value increased by about 80 per cent reinforces the fact that Australia is truly a marine nation,” Senator Carr said.

“Rigorous marine science provides the foundation for Government policy decisions about the oceans surrounding Australia.

“The release of this year’s Index illustrates how Australia’s marine domain supports billion dollar industries. This makes it even more important that we use science to sustainably manage our oceans.”

The Index is available at www.aims.gov.au. Information about the Innovation portfolio is available at www.innovation.gov.au

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