In 2023, Japan's RD&D investment in ocean energy, excluding offshore wind, stood at approximately 12.53 million US dollars PPP. From 2024 to 2028, forecasts indicate steady growth in investment, with values increasing from 12.73 million to 13.55 million. This reflects an annual growth average around 1.6% over the five years.
Key future trends to watch for:
- Technological advancements in wave and tidal energy conversion efficiency.
- Government initiatives to bolster innovation in renewable ocean energy.
- Partnerships with private sector firms to accelerate RD&D efforts.
- Impact of global climate policies on ocean energy investment priorities.
