Ocean energy development in Europe: Current status and future perspectives
By D. Magagna, A. Uihlein. 2015
340 citations recorded by the source corpus.
Abstract Ocean energy has the potential to play a significant role in the future energy system, whilst contributing to the reduction of carbon emissions and stimulating economic growth in coastal and remote areas. Ocean energy has attracted increasing interest, particularly in the EU, which is currently at the forefront of ocean energy development. Tidal and Wave energy represents the two most advance types of ocean energy technologies. In the EU, the aim is to reach 100 GW of combined wave and tidal capacity installed by 2050. In order to achieve these targets the sector needs to overcome a series of challenges and barriers with regards to technology readiness, financing and market establishment, administrative and environmental issues and the availability of grid connections especially in remote areas. Currently these barriers are hindering the sector’s progress; its ability to attract inwards investments and to engage with the supply chain to unlock cost-reduction mechanisms. A number of policy initiatives and mechanisms have been put in place to ensure that ocean energy technologies could become cost-competitive in the short term, in order to exploit the benefits that these technologies could provide to the EU.
Subfields: Management, Monitoring, Policy and Law
View Paper: https://www.semanticscholar.org/paper/bb8e85308ced2ec0ee3c8b863c25d936be0da8c4
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In Management, Monitoring, Policy and Law
Citations in the corpus
- Renewable energy and biodiversity: Implications for transitioning to a Green Economy (2017, background): “abandoned ocean energy projects or collapsed altogether [486].”
- Marine Renewable Energy in the Mediterranean Sea: Status and Perspectives (2017, background): “Current status and future perspectives of MRE have also been discussed in [10] with respect to technical, economic, administrative, and environmental issues; however, no specific reference has been made for the MS.”
- Marine mammal conservation: over the horizon (2021, background): “Marine renewable energy installations Marine renewable energy installations (MREIs; wind, wave and tidal-stream devices), can help reduce hydrocarbon use and therefore mitigate climate change (Magagna & Uihlein 2015).”
- Is a 100% renewable European power system feasible by 2050? (2019, background): “9We exclude ocean (tidal and wave) energy [135,136] and osmotic power (derived from salinity gradients) [137] as their slow growth makes it unlikely for them to produce significant amounts of electricity by 2050.”