The ninth Our Ocean Conference, hosted by the Greek government in Athens, will focus on the potential of the blue economy to drive global sustainable development. Since 2014, this annual event has brought together leaders from government, business, civil society, and academia to address key challenges facing the world’s oceans, such as climate change, overfishing, pollution, and biodiversity loss. The international community has made significant commitments totaling over $130 billion and protected hundreds of thousands of square miles of ocean. Creating a sustainable blue economy involves not only conservation efforts at sea but also the creation of high-paying jobs on land, with data showing that ocean-based investments yield benefits at least five times greater than costs. Last year’s conference in Panama saw new commitments worth $19.9 billion, and this year’s event aims to inspire even more ambitious actions.
Greece has been making rapid progress in offshore wind development, contributing to efforts to combat climate change, enhance energy security, and create employment opportunities. The country achieved a symbolic milestone in October 2022 when renewable energy sources met 100% of its electricity needs for five hours. Plans are underway to further increase renewable energy capacity, including the installation of at least two gigawatts of offshore wind capacity by 2030. The government has already awarded licenses for two pilot offshore wind farms and is preparing for a new round of licensing and measurements to attract additional investors. This initiative not only helps Greece reduce emissions and fulfill international commitments but also boosts industries like shipbuilding and cable manufacturing.
The world is working towards transitioning to a net-zero economy by 2050 to mitigate the impacts of climate change, which poses a significant threat to the ocean. Renewable capacity additions globally have been increasing, with the Global Wind Energy Council forecasting a substantial expansion of offshore wind capacity in the next decade. While accelerating wind deployment is essential, additional efforts such as ocean-based wind, solar, tidal, transport, conservation, and carbon storage are needed to achieve climate goals. The Our Ocean Conference provides a platform for global collaboration on these crucial issues, set against the backdrop of the Mediterranean Sea. Greek Minister of Environment and Energy Theodoros Skylakakis emphasizes the importance of taking action now and calls upon participants to make ambitious commitments at this year’s conference to accelerate progress towards a sustainable blue economy and a net-zero future.
The Greek government sees offshore wind development as a crucial component of its strategy to address climate change, enhance energy security, and stimulate economic growth. By harnessing the country’s wind resources, Greece aims to further increase its renewable energy capacity and reduce dependence on fossil fuels. The government’s partnership with energy companies and initiatives to expand offshore wind installations demonstrate its commitment to sustainable development and environmental conservation. The offshore wind sector not only contributes to emissions reduction but also supports the growth of key industries, showcasing the potential for green energy investments to generate significant economic benefits. Greece’s progress in renewable energy development serves as a model for other countries striving to achieve climate targets and transition to a more sustainable energy system.
