The Committee of the Regions (CoR) is calling for public and private support for ocean energy to boost economic growth and secure jobs in the EU.
According to the CoR, ocean energy could be a game-changer in the decarbonisation of the economy.
It added ocean energy could meet 10% of Europe’s electricity demand by 2050.
To achieve it, the EU, member states, local and regional authorities, NGOs as well as financing institutions and research institutes should work together to bring ocean energy technologies to maturity.
Rhodri Glyn Thomas, member of the Welsh Assembly (UK / European Alliance) said: “Ocean energy is at the cutting edge of renewables and offers a unique opportunity to promote local jobs and sustainable economic growth. But to bridge the gap towards commercialisation, greater co-operation between public and private sector and research centres is of paramount importance.
“Creating a macro-Atlantic region would build on existing pioneering work in this sector and it would be an opportunity to achieve cost reductions while pooling resources, research, knowledge and developing a skills base.”