This paper presents results from an investigation of global wave energy resources derived from analysis of wave climate predictions generated by the WAVEWATCH-III (NWW3) wind-wave model (Tolman, 2002) spanning the 10 year period from 1997 to 2006. The methodology that was followed to obtain these new results is described in detail. The spatial and temporal variations of the global wave energy resource are presented and described. Several parameters to describe and quantify the temporal variation of wave energy resources are presented and discussed. The new results are also validated through comparisons with energy estimates from buoy data and previous studies.