Integrating Macroeconomics and Offshore Wind Energy: Assessing Economic Impacts and Policy Interventions

Project Description:

This PhD scholarship is sponsored by industry partner, RenewableUK.

This PhD project will explore the macroeconomic impacts of renewable energy, particularly offshore wind, in the UK.

The UK has positioned itself as a global leader in renewable energy, with offshore wind power playing a crucial role in its transition to a low-carbon economy. Offshore wind has rapidly become central to the UK’s efforts to meet its 2050 net-zero target, leveraging the nation’s abundant wind resources and extensive coastline.

This growth, fuelled by government support, technological advancements, and falling costs, is reshaping the UK’s energy landscape. However, the wider macroeconomic implications of this transformation remain underexplored. A deeper understanding of the regional and sectoral impacts of these investments is essential for developing policies that maximise benefits and address potential challenges.

This PhD research will leverage cutting-edge developments in macroeconomic modelling and (environmental) general equilibrium theory to model the energy sector within a dynamic, multi-region, multi-sector spatial economy model.

If you have any queries about this project, please contact Dr Ali Moghaddasi Kelishomi, a.moghaddasi@lboro.ac.uk  

You may also address queries about the CDT to auracdt@hull.ac.uk.