15 Mar '12, 12pm

Press Release: Wave and tidal energy needs investment to create jobs

Wave and tidal energy needs investment to create jobs 15 March 2012 Funding vital for UK industry on the cusp of commercialisation 10,000 jobs in wave and tidal energy by 2020 Risk that jobs could go abroad if UK fails to maintain global lead In a new report, RenewableUK, the trade association representing the renewable energy industry, is calling for a significant increase in investment by the UK and Scottish Governments to realise the wave and tidal sector’s massive potential. The industry predicts that the sector will be worth £3.7 billion to the UK by 2020, creating 10,000 jobs. “Marine Energy in the UK” highlights the fact that the two Governments have so far provided less than a third of the £120 million needed for the industry to overcome the barriers to full-scale commercial development. The study notes that this support is vital, as every pound of public sector in...

Full article: http://www.bwea.com/media/news/articles/pr20120315-1.html

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Wave and tidal can create 10,000 jobs, but needs significant investment #energy #renewable #wave #tidal

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