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Scottish leader boasts of green energy potential (Eco news)


Scottish leader boasts of green energy potential
AFP reported

An independent Scotland would be able to get rich on renewable energy sector revenues, First Minister Alex Salmond insisted Wednesday.

Scotland could harness the power of wind, waves and the tides, bank the profits from exports and make money on the interest, Salmond said in a speech at the London School of Economics university.

British Prime Minister David Cameron is heading to Edinburgh on Thursday for his first talks with Salmond about an independence referendum, which the first minister wants to hold in late 2014.

"Under independence we would make the best use of our unparalleled energy resources," Salmond said.

"We have 25 percent of Europe's tidal power potential, 25 percent of its offshore wind potential and 10 percent of its wave power potential -- not bad for a nation with less than one percent of Europe's population.

"Scotland has a huge competitive advantage. We will be able to produce energy better and cheaper than anywhere else -- and in deeper waters."

Salmond said developing the renewable energy sector could reindustrialise the country, while there was still another 40 years' worth of oil and gas reserves under the North Sea.

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