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New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
From hydrocarbons to carbon storage – regulating Britain’s North Sea
1/11/2023
6 min read
The North Sea is a well-established oil and gas-producing region now in steady decline. Here, Jane de Lozey, Director of Regulation at the North Sea Transition Authority (NSTA), describes how, with the emergence of hydrogen and carbon capture schemes, plus more efficient hydrocarbon production, the North Sea is being shaped for the future.
The UK has an advantage over many other countries in the transition to net zero, given the North Sea, with its blend of oil and gas, wind, hydrogen and carbon storage resources.
Individually, these energy systems are a gift to the UK. Indeed, £200bn could be spent on them by 2030 alone, a massive opportunity for economic growth. But the best way to unlock their full potential is to integrate them, creating a vibrant, interconnected North Sea to underpin the country’s energy security needs, deliver net zero and support hundreds of thousands of good jobs.
The NSTA’s role
The NSTA aims to be the force for integration in the UK, working closely with industry, government and other regulators to remove barriers and establish pathways to net zero.