Research Program

RP5 Sustainable Offshore Developments (SOD) Program

Project Leader

Ki-Hoon Lee, Griffith University

Project ID

5.21.001

Summary

The seas around Australia hold significant economic opportunity, but rapid development could jeopardise environmental integrity and social trust. There is currently no consistent, comprehensive mechanism to monitor and manage these risks and realise the full potential of this new ‘blue economy’.

Blue economy businesses need tools and data to track impacts and dependencies on environment and society. This project will work collaboratively with industry partners and government to develop innovative environmental management accounting, ocean accounting and integrated reporting across economy, society and environment. The project will produce frameworks, guidelines and tools for generating reports that demonstrate responsible and sustainable value creation.

offshore wave

Project Participants

  • Griffith University
  • Commonwealth Scientific and Industrial Research Organisation (CSIRO)
  • Tasmanian Department of Primary Industries, Parks, Water and Environment
  • Tasmanian Oyster Research Council Limited
  • Tassal Group Limited

Duration

36 months

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