Policy Brief for the Blue Economy - Renewable Ocean Energy

Land-based solar and wind energy are mature forms of renewable energy (RE) technology, and they continue to improve over time. They have benefitted from favorable policies that have allowed them to advance, in some cases, to be price comparable with fossil fuels, without government assistance. Yet East Asia’s unique geography increasingly points towards incorporating ocean-based renewable energy as a part of the renewable energy mix. Policy makers can rely on a blend of existing policy tools that have helped spur land (and water) based solar and wind energy to the forefront, as well as other policy tools to spur more emerging forms of ocean-based energy, in order to meet climate change related regional and national goals.