Offshore wind could boost GDP by “huge” 0.6%

Economists say offshore wind could boost the UK’s gross domestic product (GDP) by a huge 0.6% and create nearly 175,000 jobs by 2030. In the short term offshore wind could boost GDP by 0.2% in the next three years. That’s according to a new report from the independent Centre for Economic & Business Research (CEBR) […]

Report says UK could cut carbon by 1.1bn tonnes

The first full economic valuation of the UK’s offshore renewable resources has made some startling conclusions. The Offshore Valuation states that using just one third of the UK’s wind, wave and tidal resources could unlock the electricity equivalent of 1bn barrels of oil a year, give CO2 reductions of 1.1bn tonnes by 2050 and create […]