North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.
The number of jobs in the North Sea energy sector could fall by 20% in the coming years without “urgent investment” in offshore net zero solutions.
Costs involved with decarbonising the UK’s economy to net zero have fallen in the last year, according to the Committee on Climate Change (CCC).
The Committee on Climate Change (CCC) has announced plans to publish a blueprint before the end of the year laying out the path for the UK to achieve net-zero.
Britain is “way off track” from meeting its 2050 net zero target, according to the Energy Institute.