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Background

Our Ocean has enough energy to power our civilization. However, Ocean energy has been slow to be adopted due to technology costs, subsidization of fossil fuels and a general lack of awareness of the ocean environment. For too long, the Ocean has been a dumping ground from which we extract what we can.

Marine renewable energy can transform this linear relationship to one which helps regenerate the ocean by displacing fossil fuel use, regenerating ocean process which sequester carbon and rebuild biodiversity. This starts with recognizing the natural capital value of the ocean spaces and planning activities with regeneration in mind.

Objectives

The session objective is to present the opportunities and constraints for the regenerative development of Ocean resources.

The nascent rise of the hydrogen economy allows for new business models and supply chain types.

The panel will discuss the works being undertaken in TA6619 - Marine Aquaculture, Reefs, Renewable Energy, and Ecotourism for Ecosystem Services, notably the NIMP planning tool and how this could be used to accelerate adoption of marine renewable energy in ADB DMCs.

AGENDA

Time (Manila) Activities
2:00 - 3:30 p.m. Opening Remarks

  • Moderator: Stephen Peters, Senior Energy Specialist, Asian Development Bank
Presentation on the Future of Ocean and Hydrogen

  • Orion Energy Hub – Harry Thomson, Future Energy Project Manager
  • Project Zeeport – Ferhat Acuner, General Manager, Navtek Naval Technologies Inc
Panel with Q&A
Moderator: Nick Lambert, Prinicpal, NLA

  • Pierre Rousseau, Independent Consultant in Sustainability and Finance
  • Christine P. Chan, Senior Advisor to the Vice President (Private Sector and PPP), ADB
  • Alex Rogers, Director of Science at REV Ocean
  • Dr Monica Verbeek, Executive Director, Seas at Risk
Closing Remarks

  • Karina Barquet, Senior Research Fellow, Stockholm Environment Institute

About the Organizer

Asian Development Bank

The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.