WAVE AND TIDAL ENERGY
63. For many years, the DTI has stated its belief
that wave and tidal energy technologies are ten years away from
viability, which led to what one witness described as a negative
"self-fulfilling prophecy":[136]
no one would invest in wave and tidal energy because it was not
seen as likely to produce a return on investment in the near future.[137]
We are pleased to note that many of our witnesses feel that there
has been a noticeable change in the Government's attitude, with
the DTI becoming increasingly positive about the prospects for
wave and tidal energy. This was confirmed by the extremely optimistic
comments made by the Minister for Energy during his oral evidence
session.[138]
We welcome the Minister's acknowledgment that renewable energy
would not "get off the ground in the way it needs to be without
massive support".[139]
64. We urge the Government to continue - and to develop
- a more positive approach to wave and tidal energy and make a
commitment to the creation of a credible wave and tidal energy
industry in the UK, backed with sufficient funds to demonstrate
its determination. Additional support for R&D is required,
as argued earlier. But the pressing need now is for more substantial
development support. We are confident that were such unequivocal
statements to be made, wave and tidal energy companies would find
it much easier to attract funding from private investors who could
see a really long-term future for the companies. As one witness
observed, "the country that demonstrates commitment at this
stage is most likely to be the country that wins the prize of
a future major industry.".[140]
If the Government is serious about developing a UK wave and
tidal energy industry, it must make a clear commitment via policy
statements and funding. Such a commitment would reduce the perception
of risk surrounding the technology and help to attract private
investment.
Conclusion
65. Our Report outlines the enormous potential
advantages of wave and tidal technology as sources of energy:
they use predictable, natural resources, which the UK enjoys in
abundance; they are both far cleaner than nearly any other energy
source currently available and with less negative environmental
impact; and they are largely based upon tried and tested engineering
and technology, in which the UK has an excellent skills base.
We have recommended significant increases to public support for
wave and tidal energy, to allow the technologies to develop fully.
In comparison with other areas of Government expenditure these
are very small amounts. Yet, the potential return on investment
would be huge. The UK could finally harness some of the massive
potential energy of its marine resource to supply part of its
energy needs, and create a new multi-billion pound domestic and
export industry, employing thousands of people. The UK has the
resource, the technology and the skills base; we have a unique
opportunity to seize the lead and develop a world-class industry.
The urgent need to cut carbon emissions to counter global climate
change and environmental problems now means that we must explore
the potential of all significant sources of renewable energy.
We can no longer afford to neglect the potential of wave and tidal
energy.
130 The UK's target under the Kyoto Protocol is to
reduce its greenhouse gas emissions to 12.5% below 1990 levels
by 2008-12; the Government's supplemental, domestic goal is to
reduce carbon dioxide emissions by 20% below 1990 levels by 2010.
Climate Change - The UK Energy Programme, DETR, Cm 4913,
November 2000, pp 5 and 8. Back
131
Scientific Advisory System: Scientific Advice on Climate Change,
3rd Report, 2000-01, paragraph 29. Back
132
Energy - The Changing Climate, Twenty-second Report of
the Royal Commission on Environmental Pollution, Cm 4749, page
82, paragraph 10.10. Back
133
Martin, Q 118. Back
134
International Energy Agency. See: www.iea.org . Back
135
Ibid. Back
136
Evidence, p 10, paragraph 2. Back
137
Evidence, p 160, paragraph 7.1. Back
138
Hain, Qq 218, 223, 224 and 233. Back
139
Hain, Q 249. Back
140
Evidence, p 148. Back