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.
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, according to a report released by the High-Level Panel for a Sustainable Ocean Economy. Most of this climate change mitigation potential is expected to come from offshore wind.
Stephen Bull, Senior VP, North Sea Region, New Energy Solutions at Equinor
In its January 15 announcement, founding member Equinor says the Action Coalition will represent the offshore wind sector in the global dialogue on climate action. It will be spearheaded by Ørsted and Equinor. The group also includes: CWind, Global Marine Group, JERA, MHI Vestas, Mainstream Renewable Power, Shell, Siemens Gamesa, TenneT and The Crown Estate.
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 High-Level Panel consists of the Presidents and Prime Ministers of 14 countries, including Justin Trudeau, plus Peter Thomson, United Nations Secretary-General’s Special Envoy for the Ocean.
The Action Coalition 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 2020.
“If we’re serious about fighting the climate crisis, it’s vital we decarbonize the world’s energy use as quickly as possible through technologies like offshore wind. The Ocean Renewable Energy Action Coalition will work together to accelerate the opportunity presented by ocean renewables to achieve the Paris Agreement goals,” says Benj Sykes, Vice President at Ørsted.