Ørsted and Equinor are spearheading a new Ocean Renewable Energy Action Coalition established to represent the offshore wind sector in the global dialogue on climate action.
The Action Coalition also includes CWind, Global Marine Group, JERA, MHI Vestas, Mainstream Renewable Power, Shell, Siemens Gamesa, TenneT, and The Crown Estate.
The goal of the coalition is to mitigate the harmful impacts of climate change through the advancement of sustainable deployment of ocean-based renewable energy.
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 produced by the Expert Group of the High-Level Panel for a Sustainable Ocean Economy. Most of this climate change mitigation potential is expected to come from offshore wind.
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.
“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. The Ocean Renewable Energy Action Coalition will work together to accelerate the opportunity presented by ocean renewables to achieve the Paris Agreement goals,” said Benj Sykes, Vice President at Ørsted.
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.
“Collaboration between nations and companies is needed to accelerate the sustainable deployment of ocean renewable energy. This Action Coalition includes leading industry players in offshore wind and we are working together to unleash the full potential of offshore wind globally,” said Stephen Bull, Senior Vice President for Wind and Low Carbon at Equinor.