Ocean energy: Time to unleash the current
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Gesine Meissner MEP, Special Envoy to the President of the European Parliament on Maritime Policy, shares her thoughts on ocean energy and why now is the time to unleash the current so that renewable technologies in Europe are pushed forward.
Unlike wind and solar power, ocean energy is reliable and predictable. Waves are available all year round, the tides are fixed and the salt content of the sea is almost constant. The amount of CO2 released during production is low and the associated electricity costs are as well. Studies show that so-called Blue Energy has the potential of meeting 10% of the EU’s power demand by 2050. This would cover the daily electricity needs of 76 million households. Almost all major technology developers have their headquarters in Europe. The sector should be worth €53 billion annually in 2050. So, what is holding back this energy source from flourishing?
While European companies are a clear frontrunner in this technology and account for a large share of p...
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