North Sea planning reform is needed to manage competition for space
North Sea transition set to boost growth and jobs
Jobs in hydrogen, wind and CCS can offset decline in oil and gas sector
Growth in emerging offshore low-carbon industries—across wind, carbon capture and storage (CCS) and hydrogen—has the potential to offset the economic decline of the UK oil and gas industry, according to panellists speaking at a Policy Exchange event yesterday. Analysis by the Conservative Party-associated thinktank found that the low-carbon transition could support a net increase of 40,000 direct jobs—taking into account job losses in the oil and gas sector—and generate economic benefits of £20bn/yr ($27.8bn/yr). “We have already seen workers transition from oil and gas to wind” Houchen, Tees Valley Mayor The transition is already underway thanks to strong commitments to build 40GW o
Also in this section
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
23 December 2025
Legislative reform in Germany sets the stage for commercial carbon capture and transport at a national level, while the UK has already seen financial close on major CCS clusters
15 December 2025
Net zero is not the problem for the UK’s power system. The real issue is with an outdated market design in desperate need of modernisation
