Net Zero Strategy to break down barriers for North Sea electrification

  • Date: 19-Oct-2021
  • Source: Energy Voice
  • Sector:Economy
  • Country:Gulf
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Net Zero Strategy to break down barriers for North Sea electrification

The UK government has published its long-awaited Net Zero Strategy, with new support to help decarbonise offshore assets and updated plans for ensuring oil and gas licences meet climate goals.

The Strategy brings together commitments from multiple policy documents set out over the past year, including the Prime Minister’s Ten Point Plan, the Energy White Paper, North Sea Transition Deal (NSTD), Industrial Decarbonisation Strategy, Transport Decarbonisation Plan, and Hydrogen Strategy.

Drawing on almost all segments of the UK economy, the government says the Net Zero Strategy would support up to 440,000 jobs and unlock up to £90 billion of investment by 2030, on a path to net zero emissions by 2050.