Washington (GGM) Analysis | May 4, 2020
by Noreen Wise
There was a glimmer of hope on Friday when Bloomberg News reported that fossil fuels have been hammered by covid-19 and are experiencing a projected 9% decline in 2020, while renewable energies are surging ahead, tracking at an increase of 1% this year, despite the economy being rocked by 30 million layoffs. Covid-19 has resulted in quick transformations in key areas of our lives — education and work from home to name two. Let’s not stop there. Covid is the ideal opportunity to take advantage of the change momentum and leap into renewable energy solutions for municipalities, homes and businesses.
In addition to wind and solar, wave energy is an emerging renewable solution. Wave energy has proven to be an excellent way to flip around the disadvantages of rising sea levels and the devastating impact on coastal communities, and harness this powerful force by turning it into a renewable alternative. According to Smart Energy International, China just launched the largest wind energy turbine in the world in Wuhan, during covid-19 no less.
In the United States, Oregon is out in front on wave energy. According to Oregon Public broadcasting, a Portland industrial company, Vigor, created the very first “wave energy convertor, called the OE35 buoy” that will be tested in Kanehoe Bay, Hawaii for 12 months. Vigor has been involved in wave energy for a decade, so let’s keep our eyes on them in the upcoming months.
The American coastline is massive, it’s one of our greatest natural resources. In fact, it’s estimated that 64% of America’s energy can be powered by ocean waves.
A quick search on Twitter indicates there isn’t much conversation about the exciting potential of wave power. But if China is jumping in this boldly and aggressively, America should definitely take note. Besides, there’s something comforting about turning a negative into a positive, and harnessing these big giant blue waves. Waves that have been crushing us ever since Hurricane Katrina destroyed New Orleans, and use their powerful force to destroy carbon instead, dramatically curbing global warming and calming the raging forces of climate change. 🌊
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