Energy organizations created a global coalition focusing on ocean energy

A global coalition focusing on ocean energy was announced Monday, with its members saying they want to advance the “sustainable deployment of ocean-based renewable energy” and, in addition, mitigate the impacts of climate change.

Led by Denmark’s Orsted and Norway’s Equinor, members of the Ocean Renewable Energy Action Coalition also include organizations such as Shell, MHI Vestas and Siemens Gamesa. The coalition is set to have a strong focus on offshore wind but will also look at technologies including wave and tidal power.

“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,” Benj Sykes, vice president at Orsted, said in a statement issued Monday. Sykes also added that the new coalition would work together to “accelerate the opportunity presented by ocean renewables to achieve the Paris Agreement goals.”

While the coalition is clearly focused on renewable energy technologies such as offshore wind, it should also be noted that members such as Shell and Equinor are major oil and gas producers. Equinor describes itself as “a leading explorer for new oil and gas fields” while Shell says it produced 3.7 million barrels of oil equivalent per day in 2018.

Source: CNBC