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The development of marine renewable energy policies and regional cooperation needs to be based on a clear understanding of the status and trends in economic use of marine space and resources – as well as the potential new kinds and areas of use. Achieving a balance between ‘blue’ growth, jobs, and a sound maritime environment will largely be based on addressing the opportunities and challenges outlined below. Success in improving ocean governance and sustainable marine development will require coordinated leadership and collaboration by the diverse ocean business community.