Study on Ocean Economy Launched (France)

Organization for Economic Cooperation and Development (OECD ) is conducting a global forward-looking assessment of the ocean economy to 2030, with special emphasis on the development potential of emerging ocean-based activities.

Ocean Energy Systems Implementing Agreement (OES) is collaboration with this OECD study, organising a workshop in Paris, in May next year, to explore the contribution that ocean energy and offshore wind can make to the growth of the ocean economy and its potential for employment and wealth generation. Particular attention will be devoted to the risks and uncertainties surrounding the future development of marine renewable energy, the innovations required in science and technology, investment needs, synergies with other sectors and contribution to green growth, environmental implications and the implications for planning and regulation, and the policy options most suited to boost their long-term prospects while managing the ocean in responsible, sustainable ways.

OES was launched in 2001. The need for technology cooperation was identified in response to increased activity in the development of ocean wave and tidal current energy in the latter part of the 1990’s and the beginning of this decade, primarily in Denmark, Portugal and the United Kingdom. These three countries were the inaugural signatories to the OES.

[mappress]

Press release, November 7, 2013; Image: pelamiswave