Undeniably, year 2009 has
witnessed a greater push for
green economy. As the US Federal government is set to
spend tens of billions of dollars of stimulus money on the new green economy,
renewable energy resources are gaining lure in recent times. The recent
comment of Barak Obama brings into light the importance of renewable
energy sources: "To truly transform and save our planet from the ravages of
climate change, we need to ultimately make clean, renewable energy the
profitable kind of energy." Though renewable
energy sources such as solar and wind have been the leading sources for
decades, tidal power is expected to grab a significant chunk of their market
share in the years to come.
Countries across the world are betting on new tidal energy sources
to meet their energy requirements. Governments of Portugal, South
Korea, Scotland and Europe have been deploying and testing
the tidal and wave technologies. For instance, plans are
underway to build the world's largest tidal power project by 2015 by Lunar
Energy, a UK-based company, in agreement with Midland Korean firm.
Importantly, with mounting energy/oil prices and using up of fossil fuels, the need
of the hour is to produce a more efficient and effective hydrodynamic power
to meet the rising energy requirements. Against this backdrop, the rather
notoriously harsh waves are poised to play a significant role in the changing
global economic and climatic scenario.
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