Scotland must focus on green hydrogen and renewable export industries even more to safeguard future energy security and prosperity, according to First Minister Nicola Sturgeon – as a major new oil and gas licensing round is launched.
Under the The North Sea Transition Authority’s (NSTA) 33rd oil and gas licensing round which opens today, oil and gas companies are rubbing their hands at the prospect of potentially developing 898 blocks and part-blocks in the North Sea which may lead to over 100 licences being awarded.
But it’s a difficult policy to reconcile as the clarion call for decarbonisation and renewables intensifies.
The NSTA insists new developments tend to be “significantly lower emitting” and production emissions have been cut by more than a fifth between 2018 and 2021.
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