An international Ocean Renewable Energy Action Coalition has been formed to advance sustainable deployment of ocean-based renewable energy and mitigate the harmful impacts of climate change.
Spearheaded by energy firms Ørsted and Equinor, the group includes Shell, Siemens Gamesa, Global Marine Group, CWind, TenneT and The Crown Estate.
According to the group, Ocean-based renewable energy – such as offshore wind, floating solar, tidal and wave power – could meet nearly 10% of the annual greenhouse gas emissions reductions needed by 2050 to keep global temperatures under 1.5ºC above pre-industrial levels.
“If we’re serious about fighting the climate crisis, it’s vital we decarbonise the world’s energy use as quickly as possible through technologies like offshore wind,” says Benj Sykes, vice president at Ørsted.
“The Ocean Renewable Energy Action Coalition will work together to accelerate the opportunity presented by ocean renewables to achieve the Paris Agreement goals.”
The Action Coalition was formed in response to the September 2019 Call for Ocean-Based Climate Action made by the High-Level Panel for a Sustainable Ocean Economy, with additional partners including Global Wind Energy Council and the UN Global Compact.
The group says it will prepare a vision for 2050, highlighting the actions that industry, financiers and governments can take to sustainably scale-up offshore wind, and thereby contribute to the UN Sustainable Development Goals and global decarbonization goals.
Initial outputs will be announced at the UN Ocean Conference in Lisbon in June.