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The European Commission is in the process of shaping a new comprehensive approach to the blue economy. A stakeholder consultation on the future of the blue economy is currently underway and open till 7 December 2020.
The Atlantic ocean offers plenty of renewable resources, like offshore wind, wave and tidal energy. The benefits of using those resources are significant, from reducing greenhouse gas emissions to stimulating and diversifying the economies of coastal communities. The marine renewable energy (MRE) industrial sector has emerged to take advantage of the energy from the sea, and most of its early developments are wave and tidal energy generation.