Public funding for ocean energy: A comparison of the UK and U.S

Henry Jeffrey, Jonathan Sedgwick and Gavin Gerrard

Technological Forecasting and Social Change, 2014, vol. 84, issue C, 155-170

Abstract: This paper presents a detailed analysis of the activities in which ocean energy public funding in the UK and the U.S. has been spent. It conducts a direct comparison of funding from the U.S. Department of Energy (DoE) with that from the UK and Scottish Governments. UK investment in the sector has been relatively sustained and has increased since 2002. Almost $295million has been spent in total, across multiple funding bodies. U.S. spending began with the establishment of the Marine Hydrokinetic division of the DoE Water Power Programme in 2008, which has administered all non-defence federal public funding for the sector. U.S. funding has steadily increased since 2008, with the total funding approaching $92million.

Keywords: Renewable energy; Ocean energy; Marine energy; Marine hydrokinetic; Public funding; R&D funding (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:84:y:2014:i:c:p:155-170

DOI: 10.1016/j.techfore.2013.08.006

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