Energy change sweeps the North Sea

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Energy change sweeps the North Sea
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The North Sea could potentially become the largest green energy plant in the world. Read more at straitstimes.com.

BRUSSELS - The North Sea has long been host to some of the world’s busiest shipping lanes and hundreds of rigs for producing oil and natural gas. Now, if European leaders have their way, this shallow and often turbulent stretch of water will, in the coming years, see what could amount to hundreds of billions of dollars worth of investment aimed at reducing carbon emissions and further shrinking imports of fossil fuels from Russia.

Mr De Croo, whose government organised the meeting, said it was vital for Britain, which is a global leader in offshore wind, to be on board despite Brexit, its separation from the European Union. “Geographically, they are not going to move,” he said. “On many things they will remain a very, very important partner,” he added.

Finding alternative energy sources is one of the topics being discussed by leaders in business, politics and policy during London Climate Action Week, which runs through July 2. Still, the overall direction seems clear: More renewable energy to replace polluting fossil fuels. Offshore wind farms are attractive to investors and churn out sizable amounts of electric power. “It makes sense to have a massive expansion of offshore wind given that we need a lot of green power,” said Mr Karsten Capion, a senior analyst at Concito, a Danish research firm.

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