UK: Investments Needed to Reach Net Zero Climate Goal

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OGTC and Offshore Renewable Energy (ORE) Catapult set out direction for UK net zero offshore energy system

By investing in technology to create an integrated net zero North Sea, the UK can be a supplier, rather than a buyer, of affordable clean energy solutions The country can retain its competitive position in energy skills and capability, growing jobs over the next three decades to 232,000 and offsetting expected employment losses Up to £416bn of investment is needed over the next 30 years, but could deliver £125bn per year to the UK economy The UK offshore energy sector will miss the opportunity to be a global leader in clean energy if it does not invest now in technology innovation to create a net zero North Sea,... ... More: Official Press Release ORE Catapult

Keywords:

ORE Catapult, OGTC, UK, net zero, offshore, clean energy, investment, supplier, buyer, capacity, North Sea, partnership