NewEnergyNews: The Emerging Global Forces In Wave And Tidal Energies

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  • Professor Mark Jacobson On The Economics Of Carbon Capture

    Friday, April 06, 2018

    The Emerging Global Forces In Wave And Tidal Energies

    The global wave and tidal energy market size is expected to reach USD 3.9 billion by 2025; Wave and Tidal Energy Market Size, Share & Trends Analysis Report By Energy Type (Wave, Tidal), By Region (North America, Europe, Asia Pacific), Competitive Landscape, And Segment Forecasts, 2018 – 2025

    April 3, 2018 (PRNewswire)

    “The global wave and tidal energy market size is expected to reach USD 3.9 billion by 2025…[from] a 42.5% CAGR…[The global need] to reduce dependency on fossil fuels, increasing investments, and supportive government regulations are likely to fuel market growth…The capacities in wind, marine, solar, waste-to-energy, small geothermal and hydro sources, and biomass combined added up to 138.5 GW in 2016, up from 127.5 GW in 2015…[Ocean energy is witnessing significant development in] U.K., Ireland, Sweden, Portugal, Thailand, India, Japan, China, Canada, and U.S…[though] high cost and socio-economic and environmental barriers are likely to restrain the development… of the market over the forecast period…[Wave energy will likely grow most in] Ireland, Sweden, Portugal, U.S., China, and New Zealand…Asia Pacific is expected to be a lucrative market for the technology on account of supportive government initiatives…” click here for more

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