According to Hans-Josef Fell, Australia has the potential to become the world leader in ocean energy. Mr Fell is one of the politicians responsible for the German renewable energy laws which led to that country becoming a leader in solar and wind energy.

in an address to the West Australian Sustainable Energy Association, he said “I believe Australia could become a market leader in ocean energy production. You have big potential in sea currents, waves and tidal and sea temperature differences, You could become the market leader in five or six years in this area for all the world.”

“In 2000 in Germany, we set a target to double the share of renewable energy by 2010 – from six to 12 per cent. Nearly no one believed that this was achievable. But at the end of 2007, we reached 14 per cent, a much higher figure in a shorter time.” He said the next goal in Germany is for renewables to reach up to 30 per cent of all power use by 2015, and possibly 50 per cent by 2020.

He said that a good political framework is necessary to help reduce the cost of technology and allow it to come into mass production. “The best framework is a feed-in tariff. A feed-in tariff gives the private capital the secure (framework) for profitable investment” he said.