Yesterdays speech to the virtual Conservative party conference was classic Boris: amusing metaphors, whimsical slogans and grand rhetoric. The prime minister has pledged to usher in a green industrial revolution that will help us bounce back greener from Covid-19.
One of the most significant announcements was the scaling up of the offshore wind sector. The government intends to quadruple offshore wind capacity by 2030, with a promise to power all our kettles, lights and electric cars from clean, guilt-free electricity.
It is a bold and ambitious target, requiring the installation of one wind turbine every weekday for the next 10 years, costing almost 50bn in capital investment. If this sounds familiar, its because this commitment from the Tory party was already made in its 2019 election manifesto, with the full backing of the offshore wind industry.
The prime minister announced 160m for ports and infrastructure in Teesside and Humber, Scotland and Wales, needed to build and service these turbines, but if these plans are to benefit communities as well as reducing emissions, the goal must be to keep the jobs and manufacturing contracts in the UK. Just last month, contracts to manufacture the platforms for 114 wind turbines off the coast of Scotland were won by a US corporation that intends to manufacture and ship them from China and the UAE, taking advantage of lower production costs in those nations.
Last year, EDF awarded contracts for a significant portion of its windfarm supply chain to Indonesia, ignoring the opportunity to invest and develop local manufacturers in Fife, despite the windfarms being located just off its coast. The offshore wind sector has nonetheless set a target of 60% British content in windfarms by 2030, up from roughly 50% today. A more concerted effort from government and business alongside trade unions could help achieve that target while creating green jobs and supporting the clean growth of towns and cities across Britains coast.
The striking omission in the prime ministers speech was any mention of onshore wind a technology that is currently the cheapest way to produce energy in the UK but has been crippled over almost five years through government policy. The onshore wind sector did receive a minor reprieve earlier in the year, when the government agreed to allow onshore wind to participate in competitive auctions, but rigid planning rules mean that an equally guilt-free source of electricity might miss out on powering a green industrial revolution. The Conservatives continue to harbour a misapprehension that onshore wind faces opposition from constituency voters, despite overwhelming evidence to the contrary. The renewable energy auctions next year will support more onshore wind, but most of it is likely to only be in Scotland.
Instead, the offshore wind sector is the goose that lays the golden egg, as is evident in the prime ministers desire to make the UK Saudi Arabia for wind energy. The success of offshore wind wasnt merely down to a technical ability to harvest the gusts, but an important story of state-led intervention. Renewable energy targets set with the EU in 2010 provided the legal imperative to scale up wind and solar energy, while an early gamble on expensive wind projects using taxpayers money led to a massive innovation boom. So far in 2020, consumers have paid more than 800m to support the offshore wind industry through their energy bills.
An ambitious policy initially funded by the taxpayer has now made the prime minister eat his own words when he farcically claimed, in 2013, that wind energy couldnt pull the skin off a rice pudding. The sector has now come such a long way in just seven years that we are looking at the prospect of negative subsidy projects, where offshore wind will start paying consumers back over the lifetime of their generation.
As the climate crisis accelerates and the government remains off track to meet its own net-zero target, offshore wind cannot remain the panacea for all our problems. A public investment-led innovation approach is now needed in sectors like transport, agriculture and industry, where emissions are harder to cut and new stakeholders need to be engaged. In many ways offshore wind is out of sight and largely out of mind for British citizens, but the next phase of rapid decarbonisation needs to happen in our homes, neighbourhoods and cities, where the changes will be more visible.
The government is expected to launch Johnsons 10-point plan to achieve net zero in the next few weeks, trailing the runup to the major climate summit being hosted in Glasgow next November. The prime minister is clearly enamoured by hydrogen, and carbon capture and storage (CCS), calling himself an evangelist of these technologies. But, as with all announcements, whether action matches the rhetoric remains to be seen.
The green agenda is right up there for No 10, and that is a good thing. Now the PM needs to back his idioms and metaphors with significant money.
Chaitanya Kumar is head of environment and green transition at the New Economics Foundation
Read the rest here:
More offshore wind is welcome, but we have to keep the jobs it creates in the UK - The Guardian
- Home | Discover Oil & Gas | Rigzone [Last Updated On: December 8th, 2016] [Originally Added On: December 8th, 2016]
- Offshore - Wikipedia [Last Updated On: December 8th, 2016] [Originally Added On: December 8th, 2016]
- EscapeArtist - Live, Work, Travel, Retire & Invest Overseas [Last Updated On: December 15th, 2016] [Originally Added On: December 15th, 2016]
- Offshore installation manager - Wikipedia [Last Updated On: December 30th, 2016] [Originally Added On: December 30th, 2016]
- Offshore Energy 17 [Last Updated On: January 12th, 2017] [Originally Added On: January 12th, 2017]
- Offshore Drilling and Exploration - The New York Times [Last Updated On: February 2nd, 2017] [Originally Added On: February 2nd, 2017]
- Offshore - novenco-marine.com.php56serv2.webhosting.dk [Last Updated On: February 5th, 2017] [Originally Added On: February 5th, 2017]
- Further decline in North Sea offshore supply work - BBC News [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Japan ignores protests, begins offshore construction work on ... - RT [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Offshore Drillers Are Still Seeking Recovery Enjoyed by Shale - Bloomberg [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Offshore Profits and US Exports - Council on Foreign Relations (blog) [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Diamond Offshore Surprises Everyone With a Fourth Quarter Earnings Gain - Madison.com [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Dems: Don't repeal offshore tax rules - The Hill [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Offshore Wind Moves Into Energy's Mainstream - New York Times [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Trump's Plan to Tap Offshore Profit for Infrastructure Gains an Ally - Bloomberg [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- China Regulator Urges Insurers to Avoid 'Reckless' Offshore ... - Insurance Journal [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Perriello comes out against pipeline and, in a shift, says he is skeptical of offshore drilling - Washington Post [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- AGL to head offshore amid limited growth options locally - The Sydney Morning Herald [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Should Diamond Offshore (DO) Stock Be in Your Portfolio? - Zacks.com [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Wind Overtakes Coal Power in Europe as Turbines Head Offshore - Bloomberg [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Cuba Eager to Develop Offshore Oil Reserves | OilPrice.com - OilPrice.com [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Eni starts production of East Hub Development Project, offshore Angola - Offshore Technology [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- 'Fifty Shades Darker' Unmasks $22M In Offshore Foreplay International Box Office - Deadline [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Statoil looks to Newfoundland offshore after selling off all oilsands assets - Globalnews.ca [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Coalition urged to charge 10% royalty on offshore oil and gas projects - The Guardian [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Israel Puts Off License Award In First Offshore Oil, Gas Bid Round - OilPrice.com [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Cost Impact of Immigration and Visa Reform to US Customers Using Offshore Services - Forbes [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- These Offshore Drilling Stocks Are Up Big as Earnings Season Starts - Fox Business [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Offshore projects help raise profile of wind power in US, Europe - WorkBoat (blog) [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Shares of Seadrill Went in the Exact Opposite Direction of Other Offshore Drillers in January - Motley Fool [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- After selling off all oilsands assets, Statoil looks to Newfoundland offshore - Calgary Herald [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Oil and Gas Stock Roundup: The Outlook for Offshore Drilling Continues to Dim - Fox Business [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Diamond Offshore Surprises Everyone With a Fourth Quarter ... - Motley Fool [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Diamond Offshore Is A Hold - Seeking Alpha [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Trudeau: Arctic offshore drilling too dangerous - The Independent Barents Observer [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Don't Overlook This Cost-Effective Alternative To Offshore Services - Forbes [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Legislation could mean an economic boost in New Bedford offshore wind projects - SouthCoastToday.com [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Ontario signals extension on offshore wind project moratorium - BNN [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Oil Majors' Plans - No Relief For Offshore Drillers - Seeking Alpha [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Director hits back at offshore worker blacklisting claims - BBC News [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- OPEC Report: Pressure On Offshore Drilling Remains - Seeking Alpha [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- UK Offshore Wind Construction Had Bumper Year In 2016, Barbour ABI - CleanTechnica [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Trump urged to back offshore - Offshore Wind | reNEWS ... - reNews [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Russian Spy Ship Spotted Offshore From Connecticut; Congressman Says Goal Is To Test US - CBS Local [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Australia Accused Of Committing Crimes Against Humanity In Offshore Detention Centres - BuzzFeed News [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- US Wind Secures Cabling Partner For MD Offshore Project - North American Windpower [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Professional Diversity Network: Offshore Investment Fund, Dropping ... - Seeking Alpha [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Vineyard Power vying for offshore wind farm - News - capecodtimes ... - Cape Cod Times (subscription) [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Liquidity Warnings Send Hornbeck Offshore Services, Inc.'s Stock Plunging - Motley Fool [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Will Offshore Stymie Oil States? - Seeking Alpha [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Enbridge Partners with EnBW on 497-MW German Offshore Wind Project - Marketwired (press release) [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- JDR lands US offshore bounty - reNews [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- Natural gas leaks from offshore pipeline in Alaska - Press Herald [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- Halliburton's GRIP delivers rapid response to offshore source-control incidents - WorldOil (subscription) [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Model advances analysis of offshore BOP closure during extreme conditions - WorldOil (subscription) [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- IRS Cracks Down on Offshore Tax Cheats - CPAPracticeAdvisor.com [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Vineyard Power vying for offshore wind farm - Cape Cod Times (subscription) [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Offshore Yuan Exposed to Onshore Risks as Spread Narrows - DailyFX [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Offshore Somalia: East Africa's Oil Frontier - Midnimo Information Center [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Emas Offshore refinancing deal delayed - Splash 247 - Splash 247 [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- The Offshore Markets: 2016 In Review - Hellenic Shipping News Worldwide [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Court Declines to Halt Long Island Offshore Wind Lease - RTO Insider [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Fuel the American economy with offshore energy - The Detroit News [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Congress says won't renew liquor licenses of offshore casinos in Goa - Times of India [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- An offshore deal for Indigenous people? - Policy Options (registration) [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Exclusive: Petronas considers $1 billion stake sale in offshore gas project - sources - Reuters [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- JDR wins US offshore wind farm work - OE Digital [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Offshore Drilling - 2 Floaters Needed In The Verbier Field And In The Partridge Prospect In UK North Sea - Seeking Alpha [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Rystad Energy Believes That Offshore Projects Are Becoming Competitive Again - Seeking Alpha [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- EnBW Hohe See 500 MW Offshore Wind Farm To Proceed With Siemens & Enbridge - CleanTechnica [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Offshore catering staff reject offer after phone ballot - BBC News [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Child abuse inquiry to hold limited public hearings into offshore ... - The Guardian [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Iberdrola Completes Installation Of First Turbine At 350 Megawatt ... - CleanTechnica [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Offshore drilling opponents re-gear for new round of battles | News ... - Charleston Post Courier [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Hornbeck Offshore Services: Too Many Problems Will Drag The Stock Further Down - Seeking Alpha [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- US grid can handle more offshore wind power, cutting pollution and power costs - Science Daily [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Fugro to conduct natural leakage survey in offshore Kenya ... - Offshore Technology [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- Russia inks second Turkish Stream pipe offshore construction contract - New Europe [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- Trump to seek jobs advice from firms that offshore US work - Reuters [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- W&T Offshore Expected to Reduce Net Losses in 4Q16 - Market Realist [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]