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A rendering of the Swansea Tidal Lagoon project. Image: Tidal Lagoon Power/PA Wire

The U.K. has historically supported the emerging marine-energy industry with incentives to encourage adoption. The region has some of the best wave and tidal resources in the world and could benefit substantially from the industry once it fully matures.

Yes, but: The government’s support for the industry may be ebbing. After nearly two years of waiting and debate, the U.K. government decided to throw out the £1.3 billion Swansea Tidal Lagoon project, to be developed in Wales, on the grounds that it would not provide sufficient value for the cost. This directly contradicts a government-commissioned independent review that found the project economically viable.

Swansea was going to be the first of many tidal lagoon projects — which generate electricity from controlling the rise and fall of tides through a man-made breakwater — in the region, but it seems unlikely that other projects will go forward now. Advocates argue that the project's true lifecycle costs were not taken into account, since tidal lagoons have an operational life of 120 years, making them more cost-efficient than other generation sources. One of the main sticking points for the project was the subsidy it would require, though in this case it would have been less than one approved for a nearby nuclear power plant.

[UNSUPPORTED BLOCK TYPE: axiom]

David Hume is a contractor supporting the marine renewable energy portfolio at the U.S. Department of Energy's Water Power Technologies Office and the founder of The Liquid Grid. The views expressed are his own.

Go deeper

Scoop: Gina Haspel threatened to resign over plan to install Kash Patel as CIA deputy

CIA Director Gina Haspel. Photo: Win McNamee/Getty Images

CIA Director Gina Haspel threatened to resign in early December after President Trump cooked up a hasty plan to install loyalist Kash Patel, a former aide to Rep. Devin Nunes (R-Calif.), as her deputy, according to three senior administration officials with direct knowledge of the matter.

Why it matters: The revelation stunned national security officials and almost blew up the leadership of the world's most powerful spy agency. Only a series of coincidences — and last minute interventions from Vice President Mike Pence and White House counsel Pat Cipollone — stopped it.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Biden says, "We will manage the hell out of" vaccine distribution — Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan — Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.

John Weaver, Lincoln Project co-founder, acknowledges “inappropriate” messages

John Weaver aboard John McCain's campaign plane in February 2000. Photo: Robert Schmidt/AFP via Getty Images)

John Weaver, a veteran Republican operative who co-founded the Lincoln Project, declared in a statement to Axios on Friday that he sent “inappropriate,” sexually charged messages to multiple men.

  • “To the men I made uncomfortable through my messages that I viewed as consensual mutual conversations at the time: I am truly sorry. They were inappropriate and it was because of my failings that this discomfort was brought on you,” Weaver said.
  • “The truth is that I'm gay,” he added. “And that I have a wife and two kids who I love. My inability to reconcile those two truths has led to this agonizing place.”

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