Review of Present UK Marine Energy Policy and Developments
DOI:
https://doi.org/10.24084/repqj08.723Abstract
Marine renewable energy can meet the challenges of
climate change and energy security. It is highly
predictable making it invaluable to an energy portfolio.
The UK, being surrounded by oceans, is well positioned
to exploit the marine renewable energy resource of
approximately 89 TWh/year. Between 1-2.5 GW could
be deployed by 2020, providing 3% of UK electricity.
This paper looks at the UK Government policies to
encourage growth in marine renewables, focusing
specifically on Wales and the Welsh Assembly
Government’s ambitous objectives. The Welsh Assembly
Government Renewable Energy Route Map for Wales
includes an ambition to produce more electricity from
renewables than Welsh consumers demand within 20
years.
A new marine renewable energy industry has advantages
beyond carbon reduction targets. Domestically sourced
energy will alleviate energy security concerns, give
employment and create export opportunities.
Currently, the UK is considered to be the furthest along
the road to commercial marine renewable devices,
however, the rest of the world are increasingly closing
the lead. To prevent Britain being overtaken, as occurred
in the development of the wind industry, investor
confidence must be increased through government policy
intervention, backed up with governmental action.