23 Mar '12, 6pm

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

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

However, “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 investment will unlock £6 of private investment. “One step the Government could take is to allow the Green Investment Bank (GIB ) to support wave and tidal projects at an early stage. It’s frustrating that Ministers have not yet identified marine energy as a priority sector for the GIB,” comments David Krohn, RenewableUK’s Wave and Tidal Development Manager. “An overly cautious approach could allow other countries to steal the UK’s lead, so it’s vital that the Scottish and UK Governments build on the good work they’ve already done by supporting the development of these indust...

Full article: http://www.renewableenergymagazine.com/energias/renovable...

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