A study has concluded that Bacton in England is ideally positioned to become a significant hub for clean, green energy as the UK is working to decarbonise the industry and reach its net-zero target by 2050 through the use of blue and green hydrogen as well as offshore wind and carbon storage.
Earlier this year, the UK’s oil and gas regulator, the OGA, revised its strategy to place an obligation on the oil and gas industry to support the UK’s net-zero target alongside the existing obligation to maximise economic recovery from the North Sea.