Ocean Renewable Energy Action Coalition

General

Name of initiative Ocean Renewable Energy Action Coalition
LPAA initiative No
NAZCA Initiative No
Website address https://orsted.co.uk/Media/Newsroom/News/2020/01/Ocean-Renewable-Energy-Action-Coalition-Launches-to-Accelerate-Global-Offshore-Wind-Capacity
Related initiatives
Starting year 2019
End year
Secretariat Mike Day, UK Media Relations Manager, miday@orsted.co.uk, +44 (0) 7767 008893

This 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

Organisational structure 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.
Geographical coverage Global
Name of lead organisation Ocean Renewable Energy Action Coalition
Type of lead organisation Other intergovernmental organization
Location/Nationality of lead organisation Denmark

Description

Description 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.

Bringing together civil society, intergovernmental institutions and industry, 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.

Objectives “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,” says Stephen Bull, Senior Vice President for Wind and Low Carbon at Equinor.

Driven by a small number of countries initially, offshore wind is now on a spectacular cost reduction path. It is capable of producing clean energy at tremendous scale and will be a key technology to enable the energy transition and to support a sustainable future

Activities The 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.
One or two success stories achieved

Monitoring and Impacts

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Goals
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Participants

Participants Number Names
Members 11  
Companies 11 Denmark (Ørsted),Norway (Equinor),United K. (CWind),United K. (Global Marine Group),Japan (JERA),Denmark (MHI Vestas),Singapore (Mainstream Renewable Power),Netherlands (Shell),Spain (Siemens Gamesa),Netherlands(TenneT),United Kingdom (The Crown Estate).
Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 0
Other members 0
Supporting partners 0
Number of members in the years
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
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Last update: 27 January 2020 12:23:50

Not only have national states as participators