MP backs marine power
THE Climate Change Minister, Bexhill and Battle MP Greg Barker, was in the Scottish capital, Edinburgh, on Monday to announce £20 million of funding to help take marine power devices to the next level of development.
Generating energy from the power of waves or tides has the potential to meet between 15 and 20 per cent of the UK’s current electricity demand by the year 2050, as well as substantially reducing carbon emissions.
Visiting Pelamis Wave Power at Leith Docks, Mr Barker said: “Marine power has huge potential in the UK, not just in contributing to a greener electricity supply and cutting emissions, but in supporting thousands of jobs in a sector worth a potential £15 billion to the economy by 2050.”
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Hide AdThe cash is part of the Department of Energy and Climate Change’s budget of more than £200 million to fund low carbon technologies over the next four financial years announced in last November’s spending review.