The newest report from the United Nations Environment Program (UNEP), in cooperation with Bloomberg New Energy Finance, a clean tech analytics firm, shows that the combined impetus of stimulus funding, feed-in tariffs (FiTs) and renewable portfolio standards (RPS) generated a record $211 billion globally in 2010 in renewable energy investment.
A recent study performed by the Indian government shows the country has an estimated 8,000 megawatts of tidal energy potential.
India will soon be home to Asia's first tidal power project. The government has approved a 50-megawatt commercial tidal power plant in the Gulf of Kutch.
In a joint effort, the U.S. Department of Energy (DOE), Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), and the National Oceanic and Atmospheric Administration (NOAA) have committed US$5 million to further research Ocean renewable energy.