Current and future value of earth and marine observing to the Asia-Pacific region (2019)
Overview
The study by Nous Group for the Australian Government, assesses the current value of Earth and Marine Observing (EMO) to the Asia-Pacific Economic Cooperation (APEC) economies and estimates the potential value by 2030.
EMO is the collection, analysis and interpretation of the earth’s natural systems. The study is focused on EMO data collected across the APEC region. The economic contribution of EMO is derived from its application to industry (for example, agriculture, health or utilities), to disaster management and to broader society. The current total value of EMO to APEC is estimated to be USD 372 billion.
Each APEC economy is positioned to realise greater value from EMO by 2030 – the potential future value for the whole region by 2030 is estimated to be USD 1.35 trillion. However, not all economies in the region are currently able to take full advantage of the opportunities presented by EMO. The study emphasises the importance of further collaboration and coordination so that all the APEC economies – and the region as a whole – achieve the greatest possible benefits from EMO.
Geographical scope
Non-quantified impacts
The focus of the study is on quantifiable benefits.
Quantifiable impacts
The study estimates that the current value of earth and marine observing (EMO) to Asia-Pacific Economic Cooperation (APEC) forum economies is USD 372 billion. The estimates represent the value added by EMO to GDP, of which:
- the largest proportion is to industry at USD 300 billion
- improved disaster prediction and management is USD 26 billion
- non-market services to consumers is USD 46 billion
By 2030, the study estimates the potential value to be USD 1.35 trillion. Furthermore, with greater collaboration across APEC in the future this could increase the value added to GDP by EMO-enabled technologies by an extra 11% and in disaster management by an extra 7% to give EMO a value of USD 1.48 trillion by the end of the same time frame.
The value of EMO to APEC from 2019 to 2030 (in USD)
Reference
Country
- Australia, Brunei Darussalam, Canada, Chile, China, Chinese Taipei, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Republic of Korea, Russia, Singapore, Thailand, United States, Vietnam