December 5, 2012
Offshore wind better than natural gas for UK
A Study into the Economics of Gas and Offshore Wind.
Launched by Greenpeace and WWF-UK, November 2012
There are arguments for and against each of these strategies: on the one hand new gas plants are cheap to build, but are reliant on gas imports and vulnerable to rising (and volatile) gas and carbon prices; wind turbines, on the other hand, have a high upfront capital cost, but low running costs and they do not rely on imported gas or produce greenhouse gas emissions.
Key points, investing more in offshore wind the UK:
- 70,000 more jobs would be created in the wind scenario by 2030
- GDP will be £20bn higher (0.8%) in the wind scenario by 2030
- Save £8bn a year on gas imports by 2030
- Carbon emissions are two thirds lower in the UK’s power sector by 2030
Download Study here