Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames.

Long hailed as one of the major pillars supporting the road to net zero and a prime example of one industry’s efforts to reduce costs through technological innovation, offshore wind is now facing serious headwinds, with one of the major reasons being the industry’s rush to reduce the Levelised Cost of Energy (LCOE).