Offshore Renewables: The Future is Now

While the recent swoon in world oil and gas prices has predictably cooled a number of offshore renewable projects, there is a palpable change regarding the way in which the world views renewable energy. Renewable energy projects, at one time merely serving as window dressing, are slowly weaving their way into the mainstream energy mix, with European countries, namely the U.K., leading the way.

 In November world leaders will arrive in Paris to negotiate a new global agreement on climate change, one that is scheduled to go into effect in 2020, a measured designed to prevent the world’s temperature from rising. The U.S. has already submitted its Intended National Determined Contribution to the UN Framework Convention on Climate Change in advance of the meetings in Paris, and in that document the Obama administration has set a formal goal of reducing emissions by 26% to 28% below 2005 levels by the year 2025.

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