Lifecycle Incentives for Ocean Energy

No country offers all of the incentives outlined in Table 26.1, although Scotland and the United Kingdom come close (Scotland has its own set of incentives, separate from the rest of the UK). The governments in these countries have recognized the potential for marine energy as an energy supply option and potential export opportunity. Additionally they have understood the need to provide a development path for an industry, drawn from other disparate industries, which require an integrated set of policy incentives to promote involvement throughout the supply chain. The policies should also continue to provide incentives, as the industry matures. The introduction of production incentives in Scotland and the United Kingdom demonstrates in the increasing maturity of wave and tidal stream technologies being developed there. Similarly the international spread of marine energy testing centres and participation in standards development (see next section) indicate the development of an international industry.

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