GLOEA
Launch of the Global Ocean Energy Alliance
SIDS DOCK Side Event
29 June 2022, Lisbon, Portugal
On the Margins of the United Nations (UN) Ocean Conference
Launch of the Global Ocean Energy Alliance (GLOEA):
Ocean Energy For Climate Resilient Economies
PROGRAMME
LAUNCH OF THE GLOBAL OCEAN ENERGY ALLIANCE (GLOEA)
29 JUNE 2022, 1:00 P.M. TO 3:00 P.M., LISBON PORTUGAL
Establishment of the Global Ocean Energy Alliance (GLOEA)
ABOUT GLOEA
The establishment and launch of a Global Ocean Energy Alliance (GLOEA), began with a Call to Action! that was led by Heads of State and Government from SIDS, at the United Nations Framework Convention on Climate Change (UNFCCC) Conference of Parties (COP26), on 11 November 2021, in Glasgow, Scotland.
The GLOEA is an initiative focused on accelerating the development of ocean energy technologies and projects through partnerships that mobilize technical, human and financial resources.
The GLOEA aims to establish a global community of vested interest with the capacity to develop a pipeline of bankable ocean energy projects to serve islands, cities, and coastal nations.
THE NEED FOR GLOEA
The GLOEA is intended to be a bridge between industry and research players who need to test new solutions in various climates and contexts, and the interest of SIDS and coastal countries to get access to technology and expertise, as well as with investors, project developers and government for the implementation of projects. Currently, the exchange on these issues is limited.
The GLOEA will create virtual markets and an information exchange hub for south-south and triangular cooperation and learning, emphasizing “earning by doing” and the facilitation of a growing pipeline of demonstration and investment projects attracting foreign direct investment, commercial and concessional finance.
THE MISSION OF GLOEA
The mission of the GLOEA is to catalyse investments in Ocean Energy to promote Blue Economies and accelerate the transformation of the energy sector to increase energy security, reduce greenhouse gas (GHG) emissions and generate resources for investment in adaptation to climate change.
The GLOEA intends to attract members based on professional and technical roles from the Public Sector, Private Sector, and Institutions.
The GLOEA will advocate strongly for the interests of SIDS and Least Developed Countries (LDCs) to get access to technology and expertise, as well as a “fair share” of the envisaged benefits and profits.
Ocean energy has long been the overlooked renewable resource despite its potential to serve as a connector of the green and blue economies and its manifold benefits for critical social and economic sectors, environmental protection, and climate change adaptation. However, over the past decade, there has been major progress in bringing the array of ocean energy technologies to or close to commercial realization. Ambitious plans for industrial up-scale by 2030 are in progress. Industrialised and emerging countries have seen growing investments and technology demonstrations.
Now it is time to bring these advancements home to SIDS and coastal LDCs. For this we need a joint platform.
THIS IS A CALL TO ACTION!
THE OCEAN ENERGY PLATFORM
A Marketplace To Support SIDS, Coastal Nations, And Least Developing Countries (LDCs) To Deploy Ocean Energy Systems
Watch a Preview of the Successful Kumejima Project
São Tomé and Príncipe Report From OTEC Consultation With Global OTEC and SIDS DOCK
Dan Grech of Global OTEC @ COP26: Introducing The São Tomé And Príncipe Ocean Energy Project
Online Capacity Building Program on Sustainable Energy for Islands
The program was developed under the umbrella of the Global Network of Regional Sustainable Energy Centres (GN-SEC) by the United Nations Industrial Development Organisation (UNIDO), the Small Island Sustainable Energy and Climate Resilience Organisation (SIDS DOCK) and the Spanish Centre for Research in Energy, Environment and Technology (CIEMAT).
