Related Articles
North Sea planning reform is needed to manage competition for space
Forward article link
Share PDF with colleagues

North Sea transition set to boost growth and jobs

Jobs in hydrogen, wind and CCS can offset decline in oil and gas sector

Growth in emerging offshore low-carbon industries—across wind, carbon capture and storage (CCS) and hydrogen—has the potential to offset the economic decline of the UK oil and gas industry, according to panellists speaking at a Policy Exchange event yesterday. Analysis by the Conservative Party-associated thinktank found that the low-carbon transition could support a net increase of 40,000 direct jobs—taking into account job losses in the oil and gas sector—and generate economic benefits of £20bn/yr ($27.8bn/yr). “We have already seen workers transition from oil and gas to wind” Houchen, Tees Valley Mayor The transition is already underway thanks to strong commitments to build

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Equinor puts transition plan to shareholders
20 April 2021
Firm aims to make global operations carbon-neutral by 2030
Global emissions to rebound in 2021 – IEA
20 April 2021
Emerging markets are driving energy demand back to 2019 levels, with coal offsetting renewables growth
Gain granular control with engineering data in the cloud
20 April 2021
Embracing technological agility is crucial for organisations to move at scale, work remotely and make better-informed operational decisions
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video