Wind power is winning out most places, and the use of offshore wind sites is also now spreading fast. The UK is currently still in the lead on offshore wind, with 16GW installed, but that may change soon. Germany, despite having a limited coast line, has a target of 30GW by 2030 and has already installed over 9GW in the Baltic. Other EU countries, with more extensive coasts, are also pushing ahead. And Belgium, Denmark, France, Germany, Iceland, Ireland, Luxembourg, the Netherlands, Norway and the UK have now signed up to the Hamburg Declaration , a commitment to deliver 100GW of joint offshore wind projects across shared North Sea waters by 2050. The €9.5 billion pact aims to turn the North Sea into the world’s ‘largest clean energy reservoir’ and mobilise €1 trillion of capital in Europe. The Hamburg Declaration came just days after Donald Trump denigrated the uses of wind power. He has been very outspoken on the horrors of offshore wind, especially the UK programme. And ...
A new study from the UK National Energy System Operator claims that, as a share of GDP, energy costs are set to fall from 10% of GDP today to 5-6% of GDP by 2050 if the transition to a low-carbon system is well-managed, based on NESO’s heavily renewable based Future Energy Scenarios. The new NESO study is quite a complex, looking to the significant change that is planned and what the costs would be. Perhaps unsuprisingly, there was some media confusion over what it was saying, with headlines asking ‘would net zero cost householders £500 p.a?’ So what does NESO actually say? While it accepted that there would be major costs, peaking at about £460bn by 2029 in some scenarios, it claimed that continuing as at present would also cost and not just in terms of climate impact. As Edie noted, the UK’s energy system is currently importing fossil fuels; some £50bn was spent in 2024, equivalent to 2% of GDP, with £27bn attributable to road fuel, the remainder being split evenl...