Amidst a backdrop of a rapidly increasing focus on the impact of climate change from governments, regulators, investors and the general public, the move to a sustainable net-zero economy has moved to the top of the agenda for both politicians and industry. Good progress has been made in decarbonising power generation to date, however there is still great scope to improve, with potential for further decarbonisation, along with reducing emissions from the heating, transport and industrial sectors.
To drive change, industry and financiers must start embracing new and disruptive technologies to support the transition to a net zero economy. In this report and as part of MUFG's Low Carbon Series, we consider recent developments in the nascent floating offshore wind sector and the role Commercial banks can play in enabling floating offshore wind projects through financing.
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