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Industry Landscape
The ocean climate technology industry is rapidly emerging, driven by increasing urgency to address climate change and leverage ocean-based solutions. It's characterized by significant innovation, particularly in Marine Carbon Dioxide Removal (mCDR), and growing investment. Regulatory frameworks are still developing, but demand for scientific validation and data-driven solutions is high, fostering growth in specialized consulting services.
Total Assets Under Management (AUM)
Marine Carbon Dioxide Removal Market Size in United States
~Approximately $25.5 million in 2023 for the US market
(CAGR of 48.2% (2023-2032) CAGR)
The mCDR market is experiencing rapid growth.
- Driven by climate goals and corporate sustainability initiatives.
- Increasing R&D and pilot projects contribute to expansion.
- Policy support and carbon credit markets are key enablers.
Total Addressable Market
100 Billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Autonomous Underwater Vehicles (AUVs) with Integrated Sensors
AUVs equipped with advanced sensor suites are revolutionizing ocean data collection by providing high-resolution, continuous monitoring across vast marine environments.
Advanced Ocean Biogeochemical Models
Next-generation biogeochemical models, powered by AI and machine learning, offer more accurate predictions of carbon cycling and ecosystem responses to climate interventions.
Satellite-Based Ocean Monitoring
Improved satellite remote sensing technologies enable wide-area, real-time observation of oceanographic parameters, critical for large-scale environmental impact assessment and mCDR verification.
Impactful Policy Frameworks
National Ocean Acidification Research and Monitoring Act (NOAA) Reauthorization (Ongoing, expected future updates)
While not a new act, ongoing discussions and potential reauthorizations or amendments to the National Ocean Acidification Research and Monitoring Act (last reauthorized in 2018) could expand federal funding and focus on ocean chemistry research relevant to mCDR, particularly in understanding baseline conditions and environmental impacts.
Increased federal funding for ocean chemistry research could create more opportunities for Submarine to secure research grants and partnerships, directly benefiting their mCDR quantification and MRV protocol development services.
Bipartisan Infrastructure Law (BIL) - Ocean and Coastal Resilience Funding (2021)
The Bipartisan Infrastructure Law provides significant funding for coastal restoration, resilience, and climate-related research, which can indirectly support foundational ocean science and monitoring essential for mCDR and other blue economy activities.
This law indirectly supports the industry by funding foundational ocean science and monitoring, potentially increasing the demand for Submarine's environmental monitoring and data analysis services from governmental agencies and related projects.
Potential EPA Guidance on Ocean Fertilization and Other Ocean-Based Carbon Sequestration (Expected in future)
The EPA is expected to issue guidance, clarifications, or even new regulations under existing laws like the Marine Protection, Research, and Sanctuaries Act (MPRSA) regarding the permitting and oversight of ocean fertilization and other mCDR activities.
Any clear guidance from the EPA will be critical for Submarine's clients, directly shaping the regulatory landscape for mCDR projects and increasing the demand for Submarine's MRV and compliance expertise.
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