The guidance documents are intended to be available for regulators and advisors as they carry out their decision-making and for developers as they prepare consenting and licensing applications for marine renewable energy (MRE). This background document presents an overview of risk retirement and guidance documents. It is not intended to replace any regulatory requirements or prescribe action for a particular risk.
This background document provides an overview of risk retirement and the guidance documents, descriptions of the four regulatory categories relevant for MRE consenting and licensing (species and populations at risk, habitat loss or alteration, effects on water quality, and effects on social and economic systems), and a depiction of the application of risk retirement to consenting processes as a framework.
The guidance documents can be used internationally to organize and evaluate potential environmental, social, and economic effects within a general regulatory context. Having readily available information that can be applied across the MRE industry to inform risk retirement for future MRE projects can aid decision-making for regulators and advisors and support developers in preparing fit-for-purpose applications.