Designing an effective offshore wind market: Six policy pillars for success
This report explores six policy areas essential to global offshore wind development.
Overview
For many countries, deploying offshore wind will play a critical role in delivering on Net Zero targets, supporting green growth and providing energy security. Policymakers should consider local context to set markets up for success, but best practice in any market requires attention to six key areas:
- Market scale and visibility
- Site development
- Grid connection
- Incentives
- Supply chain development
- Innovation support
This report distils learnings from the Carbon Trust’s world-leading expertise gained in well over a decade of working at the forefront of the global offshore wind industry.