The transition to a low carbon energy system : insights on the role of the oil and gas sector

Allan, Grant and Malloy, Eleanor (2017) The transition to a low carbon energy system : insights on the role of the oil and gas sector. Fraser of Allander Economic Commentary, 41 (4). pp. 46-57. ISSN 2046-5378

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Abstract

2017 has been significant year for energy activity in Scotland, both on a policy and technological front. Since the start of the year, the Scottish Government has launched its draft Scottish Energy Strategy (Scottish Government, 2017a) and draft Climate Change Plan (Scottish Government, 2017b) underpinning policy actions to address climate and emissions into the early 2030s. Additionally, new energy developments have kept on coming. On the electricity side, the latest data show that renewable electricity generation was 26% higher in the second quarter of 2017 than the same period in 2016. Total renewable electricity capacity rose by 16% over the same period. There were also major "firsts", including Hywind Scotland - the world's first floating offshore wind farm – beginning operation from October 2017 (Statoil, 2017) and the first ever coal-free working day for Great Britain’s electricity generation mix in April (Financial Times, 2017).

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