North Sea planning reform is needed to manage competition for space
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 40GW o
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