Marine Power Not Ready For Prime Time, Experts Say
An article in the New York Times regarding marine power technology references a climate change conference held at Stanford Law School. Professor Deborah A. Sivas and Senior Lecturer in Law Margaret "Meg" Caldwell participated in the conference, which was hosted by the Stanford Journal of Law, Science and Policy (SJLSP). The New York Times writes:
PALO ALTO, Calif. -- Technology for tapping ocean waves, tides and rivers for electricity is far from commercial viability and lagging well behind wind, solar and other fledgling power sectors, a panel of experts said last week during a forum here on climate change and marine ecosystems.
While the potential for marine energy is great, ocean wave and tidal energy projects are still winding their way through an early research and development phase, these experts said.
"It's basically not commercially financeable yet," said Edwin Feo, a partner at Milbank, Tweed, Hadley & McCloy, during a conference at Stanford University. "They are still a long ways from getting access to the capital and being deployed, because they are simply immature technologies."