Commonwealth Blue Economy Series

English
ISSN: 
2519-1349 (online)
DOI: 
10.14217/25191349
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The marine environment provides valuable economic, social and cultural resources, which can contribute to the sustainable economic development of small island developing states (SIDS) and larger coastal states. Alongside traditionally exploited marine resources, the marine environment also provides human communities with a broad range of essential services that support economic wellbeing and human health. Furthermore, new opportunities have emerged that are gradually being realised, including marine renewable energy and mariculture.

With the growing threats posed by a changing climate, it is increasingly evident that we need to pay more attention to our planet’s oceans. The recent concept of the ‘blue economy’ recognises the need to maximise the enormous economic potential presented by the ocean while preserving it. Since 2012, the blue economy has been embraced by many SIDS as a mechanism for realising sustainable growth around an ocean-based economy. In that time, the idea of the blue economy has emerged as a key component of a new global dialogue about the role of the oceans and seas in sustainable development. For SIDS in particular, the concept of the blue economy presents itself as a promising avenue for economic diversification and growth embedded in fundamental principles of environmental sustainability.

The Commonwealth Blue Economy Series aims to support the development of the blue economy in Commonwealth member countries by providing a high-level assessment of the opportunities available for economic diversification and sustainable growth in SIDS.

 
Marine Renewable Energy

Marine Renewable Energy

Commonwealth Blue Economy Series, No. 4 You do not have access to this content

English
Click to Access: 
    http://oecd.metastore.ingenta.com/content/0816101e.pdf
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Author(s):
Edited By:
30 Sep 2016
Pages:
62
ISBN:
9781848599499 (PDF)
DOI: 
10.14217/9781848599499-en

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This fourth volume in the series explores the potential for the development of the blue economy by providing a high-level review of actions needed to progress marine renewable energy generation in SIDS. Renewable energy is a key component of enabling sustainable development through the decarbonisation of economies and is being progressed in nations globally. Whereas onshore technologies (e.g. solar and wind) are achieving commercial success, most marine technologies remain in the early phases of development.

Successful MRE deployment is dependent on critical factors such as available energy resource, indigenous skills (including institutional capacity and skilled labour), supportive policy and effective regulatory frameworks. The recommendations made in this book provide a guide for action, emphasising the need for integration at national level, between sectors and policies, and for co-ordination between targeted local studies and collaborative global action.

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