Global Ocean Energy Alliance (GLOEA)

The Small Island Sustainable Energy and Climate Resilience Organization (SIDS DOCK), the United Nations Industrial Development Organization (UNIDO), the Global Network of Regional Sustainable Energy Centres (GN-SEC) and the Stimson Alliance for a Climate Resilient Earth (ACRE) are partnering on the establishment of the Global Ocean Energy Alliance (GLOEA) in close cooperation with the private industry, Governments of Small Island Developing States (SIDS) and coastal developing countries. 

The Global Ocean Energy Alliance (GLOEA) will particularly address the needs of Small Island Developing States (SIDS) and coastal developing countries to access ocean energy technology, finance and expertise. These countries have great potentials and the technology offers opportunities to spur their economic diversification efforts and aspirations towards a blue and green economy. Ocean energy is a promising tool to promote inclusive and sustainable industrial development in SIDS and coastal developing countries in the long-run. 

The projections suggest that by 2030 the blue economy could more than double its contribution to global value added, reaching over USD 3 trillion, creating more than 40 million jobs. Ocean energy and cleantech are important growth areas, which can contribute to climate change mitigation and adaptation, unlock new income streams and provide public health and coastal protection benefits.

SIDS and coastal developing countries with their vast ocean territories and exclusive economic zones, can become one of the main beneficiaries of these technologies. The good news is, that a broad range of ocean energy technologies wait for industrial up-scale. The wider definition includes an array of renewable energy technologies using non-living marine resources or marine space. Additionally, it includes energy solutions tailored for blue industries, including fisheries, aquaculture, desalination, freshwater, biotechnology, ocean intelligence, shipping and port services.