EMBRACING wind and wave power could generate up to £70bn for the UK economy, a report released today claims.
New analysis from the Carbon Trust outlines the economic benefits of new technologies, saying almost 250,000 jobs could be generated by offshore wind and wave power alone.
In the first of a series of economic reviews, the report says that the UK could seize 45% of the global offshore wind market but calls for up to £600m in research and development, the removal of regulatory barriers and new incentives to speed up the deployment of offshore wind power .
