In 2023, the UK's Ocean Energy RD&D investment, excluding offshore wind, was recorded at a comparable value of 26.24 million USD in 2018 PPP terms. From 2024 to 2028, forecasts indicate a stable flat trend with no year-on-year variation, maintaining a steady value of 26.24 million USD. The lack of variation points to a maintained but non-increasing commitment to Ocean Energy RD&D over these years.
Future trends to watch for include:
- Emerging technologies that might demand increased funding allocations.
- Policy shifts influenced by global energy transition goals that could alter funding strategies.
- Market fluctuations or economic conditions that could impact future budget allocations in this sector.
