Europe is committed that renewables should make up at least 32 % of the European Union total energy consumption by 2030. And the Commission has gone a step further. Last November we presented our strategic long-term vision for a prosperous, modern, competitive and climate-neutral economy by 2050 – A Clean Planet for All.
A climate-neutral European economy would mean a massive increase of our clean electricity production, including from the ocean. In addition to offshore wind, it is clear that new generations of renewables – and ocean energy in particular – will have a big role to play in the years and decades to come. Ocean energy could offer stability and complementarity in our energy mix. For wave and tidal energy technologies, the industry sees a potential installed capacity of 100 GW in Europe and creating up to 400 000 jobs by 2050.