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$20million Prize for Renewable Ocean Energy
By treehugga | April 3, 2008
Scotland will offer the world’s largest prize to date for spurring advances in marine renewable energy, the country’s head of state announced today. The Saltire Prize, of 20 million U.S. dollars, will go to innovators from any nation who design environmentally friendly ocean technology, such as better ways to harness tidal and wind power.
The country of five million has natural resources “unrivaled” across Europe, such as 25 percent of the continent’s offshore wind resources and 10 percent of its wave potential. The push for renewables comes in response to the looming threat of climate change, the single most pressing issue facing the planet.
A huge glacier the size of Connecticut that broke free from the Antarctic ice shelf last month is only the latest warning sign which we should open our eyes to. As more countries realize that natural resources can’t be acquired through loans and other forms of capitalism, our chances of saving Earth rise. This award is designed to encourage the development of technology that could make a significant impact in our effort to control climate change. Renewable energy, unlike fossil fuels, does not produce greenhouse gas emissions that contribute to global warming.
Scotland has vowed to reduce its greenhouse gases by 50 percent by 2050 and to run its country on at least 30 percent renewables by 2011. The country has made inroads: Sixteen percent of its energy already comes from alternative sources.
Even more remote communities, such as Eday Island, part of the Orkney Islands, are 95 percent reliant on homegrown energy. But Scottish First Minister Alex Salmond acknowledged that Scotland “lags behind” other European countries in making this new energy boom accessible to its population. He also pointed out that renewable energy can be costly to jumpstart.
That’s why he advocates a “mass deployment” strategy for renewables—for example, installing several wind-energy projects at once will help make such projects viable, he said. Now is the time to make that technological leap that would usually take a generation and accomplish it in five or ten years, he added.
“By maximizing our own potential we can provide a scientific research boost for the whole of humankind.”
More details about the selection process will be provided on November 30, 2008, at an announcement at Edinburgh Castle in Scotland.
Topics: Global Warming, Green News, Green Technology |