The Initiative

Oil & Gas Transitions

Co-creating evidence to accelerate policy action in the North Sea

OGT aims to generate evidence and co-produced pathways for policy action to accelerate oil and gas transitions in the UK, Denmark and Norway. These three countries have committed to achieving ambitious carbon neutrality targets aligned with limiting global temperature increase to 1.5°C above pre-industrial levels. Yet, they are the three top oil and gas producing nations in Europe. Deep transformation of energy systems to transition out of all fossil fuels will be required for their targets to be realised, and while significant progress has been achieved in phasing out coal, we must now turn to the oil and gas sector as the next frontier. Oil and gas expansion plans remain in the UK (despite its recently announced North Sea Transition Deal) and Norway, with only Denmark setting a date to phase out the industry. This ‘ambition gap’ between net-zero promises and climate policies, and oil and gas industrial strategies, is the key issue we seek to address.

Industry, government, and community resistance to the transition is largely founded in concerns regarding its social and economic impacts. Thus, strategies to phase out oil and gas must also be just and equitable. A just and orderly transition will require policy coherence between emissions targets and the provision of policies which support economic diversification strategies, labour market plans, skills training, social security and support for companies in reorienting their business models.

To respond to this complex research and policy challenge, OGT will develop a better understanding of oil and gas transition scenarios for the North Sea; establish buy-in from key stakeholders; and enable collaboration to scale up innovation and early-stage just transition efforts.