FILE PHOTO: A report by the International Energy Agency ( the International Energy Agency ) has claimed the offshore wind industry will be worth $ 1tn within the next two decades . A combination of steep cost reductions and improved technology will unlock the full potential of offshore wind, according to the study, eliminating 1tn mt of carbon emissions from the global power sector. While the technology currently accounts for 15% of global electricity generation, capacity is set to increase 15-fold over the next 20 years .
A report by the International Energy Agency ( the International Energy Agency ) has claimed the offshore wind industry will be worth $ 1tn within the next two decades . A combination of steep cost reductions and improved technology will unlock the full potential of offshore wind, according to the study, eliminating 1tn mt of carbon emissions from the global power sector. While the technology currently accounts for 15% of global electricity generation, capacity is set to increase 15-fold over the next 20 years .