Economic analysis of trade-offs and welfare implications in Offshore Wind farm development

Research projects

Project Description:

This Research Project is part of the Aura CDT’s Energy Economics¬†Cluster.

Offshore wind energy presents a promising avenue for sustainable and renewable energy generation, offering significant advantages over onshore wind farms by not competing for land resources. However, their expansion raises complex economic, environmental, and social considerations due to their utilization of ocean space. While the reduction of greenhouse gas emissions and preservation of marine ecosystems offer long-term benefits, the potential conflicts with existing maritime activities, such as fishing and shipping, pose challenges in achieving a balanced solution.

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