industrial strategy

Tidal stream energy (sometimes referred to as tidal current energy) is a way of harnessing renewable energy by capturing kinetic energy from fast-flowing water driven by tidal currents. The global development of tidal stream energy to date has been limited by high technology costs, poor access to government subsidies, uncertainty over the technology’s environmental impacts and too few examples to build a track record of technology performance over sustained periods.

Decarbonising industry is a vital challenge in achieving net zero; a challenge that requires extensive innovation, and sometimes radical, transformation, often in processes and on sites that have seen only incremental improvements in productivity over decades.

To address the climate change emergency we need further improvements in so called clean technologies. The cost and convenience of clean options has to come down via innovation. That’s why many governments are targeting public R&D subsidies on clean technologies.