The regional economic impacts of offshore wind energy developments in Scotland
Connolly, Kevin (2020) The regional economic impacts of offshore wind energy developments in Scotland. Renewable Energy, 160. pp. 148-159. ISSN 0960-1481 (https://doi.org/10.1016/j.renene.2020.06.065)
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Abstract
The Scottish electricity network is currently in a transition towards becoming 100% renewable. Offshore wind, due to a large natural resource, is expected to be key in this transition. In addition to the anticipated environmental benefits, increasing the share of offshore wind is expected to bring economic benefits to the region. In this study two multi-sectoral modelling methodologies – Input-Output (IO) and Computable General Equilibrium (CGE) – are used to measure the potential economic impacts on Scotland arising from both the construction and operation of the planned increase offshore wind capacity between 2018 and 2025, with comparisons made between models and development stages. With the focus on the benefits to the Scottish economy it is important to focus only on expenditures within Scotland. Found using both IO and (forward-looking and myopic) CGE modelling techniques, is increasing offshore wind capacity raises both employment and Gross Value Added (GVA) with the magnitude and timing of this change critically depend on model type and closure. This is the first – to the author's knowledge – of a Scottish specific modelling which helps policy makers understand those elements which could affect the possible economic success of current policy towards offshore wind.
ORCID iDs
Connolly, Kevin ORCID: https://orcid.org/0000-0003-2333-2211;-
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Item type: Article ID code: 73055 Dates: DateEventNovember 2020Published27 June 2020Published Online13 June 2020AcceptedSubjects: Technology > Engineering (General). Civil engineering (General) > Environmental engineering Department: Strathclyde Business School > Economics Depositing user: Pure Administrator Date deposited: 07 Jul 2020 02:40 Last modified: 23 Nov 2024 01:15 URI: https://strathprints.strath.ac.uk/id/eprint/73055