Global megatrends – such as population growth, climate change, and environmental degradation – are driving the urgent need to rethink and optimize the use of ocean space. However, there is growing concern that the ocean space is being developed for single -use (an area solely used by one business activity); efficiencies in space use and synergies could be created by applying a more holistic approach. Developing an area to accommodate several business activities (“multi -use” or “MU”), making more efficient use of the ocean is part of the solution, as resources in close geographic proximity are shared, representing a shift away from exclusive resource rights. MU requires a specific governance structure as different stakeholder interests need to be aligned to create synergies, reduce risk and avoid conflict.
