The International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) have signed the Global Offshore Wind Energy Compact, an agenda that strives to secure sustainable energy for its members while aiming to reduce carbon emissions. IRENA and GWEC will collaborate to raise government ambitions to achieve 380 GW of offshore wind installations globally by 2030, and 2,000 GW by 2050. The targets are in line with offshore wind’s role in achieving net-zero emissions scenarios by 2050.

The compact also lays out a clear path for governments to undertake the fundamental reforms needed to fulfil this aim and their respective nationally determined contribution (NDC) targets. This will be done through IRENA’s collaborative framework on Ocean Energy/Offshore Renewables, and by increasing the membership of the framework. With this, more countries will be able to boost their interest in offshore wind. IRENA and GWEC will also analyse institutional and resource shortages to help countries meet the 2030 and 2050 targets.