Ocean renewable energy development in Southeast Asia: Opportunities, risks and unintended consequences

06/11/2022
by   Araz Taeihagh, et al.
0

The Southeast Asian region (SEA) is surrounded by ocean space, from which there is a vast potential to harness energy. Wave, tidal energy, and ocean thermal energy conversion could be tapped, to provide alternative sources of clean and dependable energy in the region. This article contributes to the growing academic literature on ocean renewable energy (ORE) in SEA by improving understanding of the opportunities and challenges of ORE development in the region, beyond its technical aspects. It conducts a critical analysis of the socio-political aspects of ORE development at a regional scale, which have been less studied in the existing literature. Aside from providing a sustainable energy source, the development of the ORE sector could provide socio-economic benefits to SEA countries through employment opportunities, inter-industry learning, inbound investments and improving economic resilience. However, these benefits can only be maximised if the costs of deployment, maintenance and repair are reduced, the impact to the marine environment is taken into consideration and issues of public acceptance are addressed. Beyond a cost–benefit analysis, this study critically assesses the unintended risks and consequences of ORE technologies and activities in the region and recommends different policy strategies to mitigate them. It concludes that for the region to reap the benefits of ORE, a coordinated approach among different stakeholders (technology developers, policymakers, and end-users) is needed to minimise the risks and unintended consequences.

READ FULL TEXT

page 1

page 5

research
06/06/2023

The current opportunities and challenges of Web 3.0

With recent advancements in AI and 5G technologies,as well as the nascen...
research
06/11/2022

Governance of the Risks of Ridesharing in South East Asia: An In-Depth Analysis

Smart and sustainable cities rely on innovative technologies to cater to...
research
12/27/2022

Financial Crimes in Web3-empowered Metaverse: Taxonomy, Countermeasures, and Opportunities

At present, the concept of metaverse has sparked widespread attention fr...
research
07/03/2020

Assessing and Improving Cybersecurity Maturity for SMEs: Standardization aspects

SMEs constitute a very large part of the economy in every country and th...
research
10/31/2019

Integrated approach for the identification of spatial patterns related to renewable energy potential in European territories

The study presents an effort to classify the territories of a specific a...
research
10/17/2019

The other side of the Coin: Risks of the Libra Blockchain

Libra was presented as a cryptocurrency on June 18, 2019 by Facebook. On...

Please sign up or login with your details

Forgot password? Click here to reset