New Zealand has a renewable energy strategy in place. However, ocean energy does not currently feature as a primary focus within the Government's priorities.
MARKET INCENTIVES
There are no significant market incentives for ocean energy in New Zealand. However, aquafarming is growing fast in New Zealand, with increasing energy demand and interest in renewables. In addition, there are Government-encouraged initiatives for offshore wind which will have implications for ocean energy development.
PUBLIC FUNDING PROGRAMMES
There are no funding programmes specifically for ocean energy. There are several public funding programs (Ara Ake, Callaghan Innovation, Smart Ideas) that could potentially support ocean energy development, however, funding in these programs is limited and highly competitive.
The OES is organised under the auspices of the International Energy Agency (IEA) but is functionally and legally autonomous. Views, findings and publications of the OES do not necessarily represent the views or policies of the IEA Secretariat or its individual member countries.
