According to a North Sea report series published today by the Oil and Gas Transitions (OGT) initiative, climate and energy security goals are at risk in the UK, Norway and Denmark due to a lack of clear net zero strategies.
With Europe battling a long-term energy security crisis and governments reverting to fossil fuels, the OGT reports warn that, without concrete pathways for a clean and just energy transition, the 2050 climate goal is at risk.
However, the OGT reports also outlines how using clearer roadmaps would allow Denmark, Norway and the UK to accelerate the North Sea’s clean energy transition, creating a global blueprint to accelerate the phase-out of oil and gas and position the three countries as clean energy leaders.
Dr Kirsten Jenkins, lecturer at The University of Edinburgh and report author warns: “There is a risk that the current energy price crisis and exponentially rising consumer bills will be used to legitimate new oil and gas developments in the UK; developments that would take place at the very moment when investments should be channelled away from fossil fuels and towards transformative, low-carbon supply and demand-side change.”
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