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North Sea Transition Deal

2021MitigationPolicyStrategy
Sectors: Energy, Industry
The stated aim of the North Sea Transition Deal is to maximise the "advantages for the UK's oil and gas sector from the global shift to clean growth". The document provides more detail on actions to achieve the emissions reduction targets set out in the Ten Point Plan and the Energy White Paper. The paper notes that it seeks to balance the need for emissions abatement from the oil and gas sector with the costs of abatement and to mitigate the risk of relocation of production abroad (carbon leakage). it sets an emissions reduction target for the sector of 60Mt reduction in greenhouse gas emissions, including 15Mt through the progress...

Main document

North Sea Transition Deal
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Other documents in this entry

North Sea Transition Deal: One Year On
supporting documentationPDF
  • By 2030, ¬£36Bn mobilised by the private sector for investing in green jobs.Economy-wide · Target year: 2030
  • By 2030, 8000 new jobs in the hydrogen sector.Economy-wide · Target year: 2030
  • By 2050, the energy innovation strategy to annually generate ¬£54 billion of business opportunities for the UK.Finance · Target year: 2050
  • By 2023, the HSE to enable up to 20% hydrogen blending on the network.Environment · Target year: 2023
  • By 2024/5, the government to provide ¬£240M for the Net Zero Hydrogen Fund.Environment · Target year: 2025

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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.

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