Carbon Trust Report Identifies Massive Marine Energy Opportunity for UK

Building on the UK's existing lead in the emerging marine energy sector would allow the country to capture 22 per cent of the global market by 2050, generating around £76bn for UK plc, according to a new analysis published by the Carbon Trust.

The study predicts that by the middle of the century the global wave and tidal market will be worth around £343bn as governments seek to maximise the reliable zero carbon energy promised by marine energy technologies.

But to seize this opportunity the UK must continue to invest in technology development and must support the commercialisation of marine renewables. Failure to do this will mean that other countries in Eupope, US and Asia will claim the prize.  This report comes on the back of a similar study by Renewable UK which sugggest that the marine sector could employ 19,000 people by 2035.

For the Renewable UK State of the Industry report see http://http://www.bwea.com/marine/index.html

For the Carbon Trust report details see http://www.carbontrust.co.uk/news/news/press-centre/2011/Pages/global-marine-energy.aspx