Report: Strong net-zero policy could help UK attract £350bn of investment by 2050
The low-carbon energy transition in the UK could lead to the development of £350bn of investible assets by 2050 - but only if businesses and policymakers do more to support key sectors.
Through 2030, investment opportunities will grow in sectors like wind and solar generation, the report states. Pictured: The Walney Extension offshore wind farm
That is according to a new report from Lane Clark & Peacock’s Energy Analytics Arm, published today (2 March).
The report charts the ways in which existing renewable technology sectors, including wind and solar electricity generation and battery energy storage, will need to scale up if the UK is to meet its net-zero target. Trajectories for technologies that are still maturing, like green hydrogen and carbon capture, are also considered.
P&G reduces plastics and record UK wind bids: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
Published every week, this series charts how businesses and sustainability professionals are working to achieve their Mission Possible across the campaign s five key pillars -
energy, resources, infrastructure, mobility and
business leadership.
In a week that will be remembered for former President Trump s impeachment trial in the US and for the approval of a multi-billion-euro green recovery plan in Europe, projects and initiatives which empower businesses to play their part in achieving a sustainable future, today, continued to launch and scale-up.
Crew transfer vessel company
Northern Offshore Services (N-O-S) has signed a contract with the offshore wind farm giant Ørsted to provide vessels for its British west coast operations.
N-O-S will provide crew transfer support to Ørsted’s UK West Coast Hub through the provision of seven CTVs over the next three years.
The first vessels will start at the beginning of 2021 and will be accompanied by more vessels gradually until the summer.
The N-O-S crew transfer vessels will operate on Walney, Walney Extension, West of Duddon Sands, Barrow, Burbo Bank, and Burbo Bank Extension offshore wind farms – using Ørsted’s Barrow and Liverpool operations sites as base ports.
Sweden-headquartered Northern Offshore Services (NOS) is providing vessels for supporting Orsted’s wind farms off the west coast of the UK.
NOS will provide crew transfer vessel (CTV) support to Orsted’s UK West Coast Hub, totalling 1.8GW of capacity, through provision of seven CTVs over the next three years.
The first vessels will start in beginning of 2021 and will be accompanied by more vessels gradually until the summer.
The vessels will operate on Walney, Walney Extension, West of Duddon Sands, Barrow, Burbo Bank and Burbo Bank Extension offshore wind farms, using Orsted’s Barrow and Liverpool operations sites as base ports.