High Level Panel report 'Transformations for a Sustainable Ocean Economy'
A new report from the High Level Panel for Sustainable Ocean Economy proposes actions for governments, industries and stakeholders to reach a healthy, sustainable and socially just ocean economy. The report ‘Transformations for a Sustainable Ocean Economy’ presents five areas of transformation: ocean health, wealth, equity, knowledge and finance. It gives recommendations for all maritime sectors, including ocean energy.
The report recognises “ocean-based renewable energy” – including offshore wind, ocean energy and floating solar – as the next leading source of energy for the world. Scaling up these technologies will both boost and decarbonise the economy.
The report proposes three Priority Actions to accelerate the development of ocean energy:
1. Invest in research, technology development and demonstration projects to help make all forms of ocean-based renewable energy — including wind, wave, tidal, current, thermal and solar — cost-competitive, accessible to all and environmentally sustainable.
2. Work collaboratively with industry and other stakeholders to develop clear frameworks addressing environmental impacts of ocean-based renewable energy, enabling capacity, co-existence and integration with other uses of the ocean.
3. Set clear goals, commit to deliver appropriate policy and regulatory measures, and remove market impediments in order to accelerate sustainable ocean-based renewable energy deployment.