The offshore valuation: A valuation of the UK's offshore energy resource
This report is pretty promising....
In harnessing 29% of the practical offshore renewable resource by 2050:
• the electricity equivalent of 1 billion barrels of oil could be generated annually, matching North Sea oil and gas production and making Britain a net electricity exporter;
• carbon dioxide reductions of 1.1 billion tonnes would be achieved by the UK between 2010 and 2050 – a major contribution towards 2050 climate targets;
• 145,000 new UK jobs could be created by industry.
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