Policy paper: What is the value of innovative offshore renewable energy deployment to the UK economy?
New policy paper examines the potential economic benefit from the deployment of offshore renewable energy technologies
A new study quantifies the potential economic benefit, in gross value added (GVA) terms, that the UK stands to gain through the deployment of innovative offshore renewable energy (ORE) technologies in domestic and international waters.
The study, published through a new policy paper from the Supergen ORE Hub, and the Policy and Innovation Group at the University of Edinburgh, highlights the significant potential value to the UK if the UK government invests in developing the local supply chain ahead of deploying these innovative ORE technologies – namely wave, tidal stream and floating offshore wind.
The key results show:
The document is available to download here.