Economic and social value of ocean energy

Image: Orbital Marine Power

Speakers:

Henry Jeffrey, University of Edinburgh

Pablo Ruiz-Minguela, Tecnalia

In the past year, ETIP Ocean has undertaken extensive economic modelling work to establish the economic and employment impacts of ocean energy deployments.

This work has produced two key studies that calculate the benefits of ocean energy in Europe in terms of Gross Value Added and jobs:

• ‘A study into the potential economic value offered to Europe from the development and deployment of wave and tidal energy to 2050’ led by Charlotte Cochrane and Henry Jeffrey at University of Edinburgh – available on the ETIP Ocean website.
• ‘A study into the potential social value offered to Europe from the development and deployment of wave and tidal energy to 2050’ led by Jose Luis Villate and Pablo Ruiz-Minguela at Tecnalia – soon available on the ETIP Ocean website.

In this webinar, the lead authors will present the results under two contrasting scenarios: ‘Europe leads the global market’ and ‘Europe follows the global market’.

Without spoiling the surprise, the results show clearly that when Europe seizes the opportunity of global leadership, the economic and employment benefits more than double.

Watch the webinar to hear about these exciting results in detail!