The great paradox in de-carbonisation of oil and gas with floating wind

• UK and Norway have set ambitious targets for reducing emissions from their oil and gas activities  
• Both nations desire to develop their respective industries into global leaders in floating wind  
• Floating wind is a de-carbonisation solution that could deliver on the emission reduction targets 
• Tax incentives could be an effective fiscal tool to incentivise de-carbonisation projects  

• The UK and Norway have set ambitious emission reduction targets for 2030
• Offshore floating wind has been identified as the key tool to de-carbonise the oil and gas industry in both countries
• Policymakers must enable the floating offshore wind industry to deliver on these targets

• A fit for purpose, predictable commercial framework for de-carbonisation is necessary to accelerate investment decisions and to deliver on the oil and gas industry’s de-carbonisation goals.
• The legal framework needs to be up to date in order to not slow down the green shift.
• Mobile offshore wind can be an efficient de-carbonisation solution for oil and gas.