Resources for the Future – Offshore Wind: Today’s Challenges and Tomorrow’s Opportunities
The Biden administration has set a target of 30 gigawatts of operational offshore wind capacity by 2030 as part of larger efforts to halve US emissions by the end of the decade and achieve net zero by midcentury. According to the Department of Energy, this goal would support 77,000 jobs, generate enough electricity to power more than 10 million homes, and cut 78 million metric tons of carbon dioxide emissions.
However, the US offshore wind industry is still nascent and myriad obstacles remain before such an ambitious goal can be realized. It requires coordinated action from states and the federal government, and the policies, and market structures that are put in place today will have a huge impact on the future of the industry and its ability to deliver on the promise of clean energy, jobs, and technology.
Join Resources for the Future (RFF) on Thursday, December 2, and Friday, December 3, for a virtual workshop, where we will address and identify key policy, market and finance issues that will impact the direction of the offshore wind industry in the United States.