Offshore renewables can play a key role in harnessing the benefits of the blue economy for sustainable development in SIDS, said IRENA Director-General Francesco La Camera, at the Our Oceans conference held in Palau.

New data released by the International Renewable Energy Agency (IRENA) shows that renewable energy continued to grow and gain momentum despite global uncertainties.

The report provides insights on various emerging offshore renewable energy technologies and their underlying potential. It also outlines a possible Action Plan for the G20 countries to drive offshore technologies closer to the commercialisation phase.