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Podcast: Energy Gang
Episode: Is it Time to End Subsidies for Wave and Tidal Energy?
Description: Progress in wave and tidal energy hasn’t been slow – it’s been nonexistent.
Despite media attention, strategic investments from large energy companies and strong support from national governments, the marine renewables industry has seen mostly technical failure over the last decade.
According to Bloomberg New Energy Finance, fewer than 150 megawatts of wave and tidal projects will be installed globally by the end of the decade -- a 72 percent reduction in earlier projections.
Aside from creating dams, no companies have yet been able to competitively and reliably tap the waves or tides for electricity.
So is it time to end suppor...