Two promising marine technologies which I have been tracking have failed because the funding streams were not robust enough. Requiring Governments to fund device, infrastructure and enabling technologies is needed to bring some of these devices to full scale test status. The funding rounds, in the UK, are pitiful and are more damaging that useful in that valuable IPR is traded for funding.

To hear that China is planning huge investment in renewables is great news however has anyone considered who will own the IPR of devices homegrown Governments refuse to fund. Since many technologies require rare earth magnets and China has the largest known source this could also stifle further development outside of China.

The World has been at this crossroads for many years now and until rampant commercialism is curbed and real power passed from stock exchanges back to government then the talking will continue. I do not count myself as one of the radicals however whilst Governments give Billions to the perpetrators of the current mess there continues to be little hope of a settlement.

(I’m having a black moment….)