TY - JOUR
TI - Market Potential and Sustainability: A Comprehensive Analysis of Marine Renewable Energy Technologies
AU - Bayindir, R
AU - Senyapar, HND
T2 - International Journal of Renewable Energy
AB - The  global  energy  transition  towards  cleaner  and  more  sustainable  alternatives  is  essential  for  mitigating  climate change and enhancing energy security. Marine energy technologies, including offshore wind (OSW), tidal energy (TE), wave energy  (WE),  ocean  thermal  energy  conversion  (OTEC),  and  salinity  gradient  power  (SGP),  offer  promising  solutions  to diversify the renewable energy portfolio and reduce reliance on traditional fossil fuels. This study comprehensively analyses marine  energy's  technical,  environmental,  and  socio-economic  dimensions.  Key  findings  reveal  the  vast  potential  of  marine energy  technologies  in  addressing  global  energy  challenges.  Despite  initial  hurdles  such  as  high  upfront  costs  and environmental  concerns,  ongoing  technological  advancements  and  concerted  global  efforts  drive  increased  interest  and investment in marine energy projects worldwide. Market analysis underscores the significant role of marine energy in meeting growing  electricity  demand  and  providing  sustainable  solutions  for  desalination  and  wastewater  treatment.  Consumer perception and adoption patterns play a crucial role in shaping the future trajectory of marine energy  technologies. Effective marketing  and  communication  strategies  are  essential  for  fostering  greater  acceptance  and  adoption  in  the  energy  market. Economic viability analysis highlights job creation and infrastructure investment potential supported by government policies and incentives. Stakeholder engagement emerges as a critical determinant of success in the marine energy sector, emphasizing the  importance  of  collaboration  among  businesses,  policymakers,  and  local  communities.  Embracing  the  vast  potential  of ocean-based energy sources is imperative for navigating towards a cleaner, more resilient energy future. Continued research, investment, and collaboration are essential to unlocking the full potential of marine energy and ensuring a sustainable energy transition.
DA - 2024/12//
PY - 2024
VL - 14
IS - 4
SP - 23
UR - https://www.ijrer.org/ijrer/index.php/ijrer/article/view/15304/pdf
LA - English
KW - Marine Energy
KW - OTEC
KW - Salinity Gradient
KW - Tidal
KW - Wave
KW - Wind Energy
KW - Human Dimensions
KW - Social & Economic Data
ER -