A government thinktank has predicted that the British marine energysector could be worth £76bn to the economy and support 68,000 jobs by 2050. The analysis, released this week by the Carbon Trust, comes only weeks after coalition ministers ended the industry’s subsidy programme. Britain could capture almost a quarter of the global wave and tidal power market if it builds on its existing lead, the trust forecast. The majority of the jobs would be a result of the growing export markets in countries such as Chile, Korea and the US as well as Atlantic-facing European states which benefit from powerful waves or tidal currents. Read More
