OES / About Us

• What is an Implementing Agreement
• The OES-IA
• Background
• Vision, Mission, Strategic Objectives
• Contracting Parties to the OES-IA
• Ocean Energy

Background

There is a growing awareness of economic, energy security and environmental values of renewables and of its critical role to sustainable development. This is leading to political initiatives to promote their development, such as the approval of ratification of the Kyoto Protocol and the 2007 EU Directive that establishes a target to have 20% of the EU's overall energy consumption coming from renewables by 2020. Renewables are also high on the agenda of developing countries, and expanded renewable energy deployment is one of the key goals of the World Bank.

Specific positive factors concerning ocean energy conversion are the huge energy resource that oceans contain, and the continuous development of technologies including the construction of prototypes several claiming to approach commercial viability.

These are the basis for the following Vision for Ocean Energy: to realise, by 2020, the use of cost-competitive, environmentally sound ocean energy on a sustainable basis to provide a significant contribution to meeting future energy demands.

The increase membership of the OES-IA has been encouraged to help achieve its goal of advancing worldwide ocean energy development.