The UK's offshore wind and wave generation industries could generate up to £70bn ($114.5bn)and up to 250,000 jobs if the country takes a "bold approach to commercialisation", says the Carbon Trust. To achieve this, the UK would need a comprehensive package of technology focused support including investment of up to £600 million in R&D, removal of regulatory barriers and new incentive mechanisms to accelerate deployment of offshore wind power around our coasts. According to the Trust's new study wind and wave generation alone could provide at least 15% of the total carbon savings required to meet our 2050 targets.