Project - Global Ocean Energy Alliance
The Climate Institute is serving as the Secretariat for the Global Ocean Energy Alliance (GLOEA), which is accelerating the development of ocean energy technologies by means of partnerships that mobilize technical, human and financial resources. This work aims to establish a global community with the capacity to develop a pipeline of ocean energy projects to serve islands, cities and coastal nations. Led by Heads of State and Government from Small Island Developing States (SIDS) on the margins of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of Parties (COP26), on the 11th November 2021, in Glasgow, Scotland.
The Global Ocean Energy Alliance (GLOEA) was developed to help Small Island Developing States (SIDS) capitalize on one of the largest renewable energy sources in the world: Ocean Energy. GLOEA is working to create an ocean energy industry, which can support adaptation efforts and build SIDS’S climate resilience, while at the same time addressing the major challenge replacing fossil fuel energy in the coming decade.
Oceans represent an unlimited source of baseload electricity for the Blue Green Economy. Ocean energy represents the most available, and likely the largest potential source of renewable energy in SIDS. The GLOEA is a proposed mechanism that can help fill the gap in ocean energy knowledge, help foster climate resilient economies in SIDS, support the global deployment of ocean energy technologies and, provide the leadership for high priority ocean energy development in SIDS and coastal LDCs.
The Partners of GLOEA are:
- Governments of the Kingdom of Tonga, Belize, Seychelles, Grenada, St. Vincent and the Grenadines, Sao Tome and Principe, Samoa
- Small Island Developing States (SIDS) DOCK
- The United Nations Industrial Development Organization (UNIDO)
- UNIDO’S Global Network of Sustainable Energy Centers (GN-SEC)
- Stimson Alliance for a Climate Resilient Earth (ACRE)
GLOEA Mission Activities
- Accelerate the transformation of the energy sector to increase energy security;
- Reduce greenhouse gas emissions and generate resources for investment in adaptation to climate change;
- Bridge industry and research to test new solutions in diverse climates;
- Support the interests of Small Island Developing States (SIDS) and coastal countries to have access to technology, expertise, investors, project developers and government leaders for the implementation of projects.
We are inviting additional partners to join the GLOEA and support its US$4 million start-up campaign.
About SIDS DOCK
SIDS DOCK is a United Nations (UN)-recognised international organization established in 2015, with all the rights and privileges for addressing climate change, resilience, and energy security in small islands. SIDS DOCK represents 32 small islands and low-lying developing states across the globe, and is so named because it is designed as a “DOCKing station,” to connect the energy sector in SIDS with the global markets for finance and sustainable energy technologies. The organization’s work is coordinated by the Secretariat, in Belmopan, Belize.