Economic activity supported by offshore wind: a hypothetical extraction study

Grant Allan, Kevin Connolly (), Peter McGregor and Andrew Ross
Additional contact information
Kevin Connolly: Department of Economics, University of Strathclyde

No 1911, Working Papers from University of Strathclyde Business School, Department of Economics

Abstract: Given public investment in renewable energy technologies, it is important to understand the contribution these make to the economy. Various methods have been used to quantify impacts, such as job counts, surveys and measures based on economic statistics. Economic modelling approaches on the other hand appear to offer an ability to both provide metrics of interest to policy makers, and crucially an understanding of the activities which support that contribution. In this paper, we implement a “hypothetical extraction†of UK activities related to renewable electricity generation – specifically focusing on offshore wind – to identify the contribution that they make to economic activity as well as job quality, and emissions. Undertaking the partial extraction of offshore wind from an aggregated IO table, and then subsequently from one in which we have separated out the offshore wind electricity sector, we highlight the value of more disaggregation and technology-specific detail in economic accounts. We find that a significant portion of activity supported by offshore wind is supported by expansions in capacity, in addition to the operation of existing offshore wind activity, giving policymakers important information on the likely path of economic impacts related to renewable energy activities

Keywords: low carbon economy; industrial strategy; supply chain; offshore wind; economic impact (search for similar items in EconPapers)
Pages: 19 pages
Date: 2019-08
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published

Downloads: (external link)
https://www.strath.ac.uk/media/1newwebsite/departm ... ed.ce.cV9OFaze9f.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:str:wpaper:1911

Access Statistics for this paper

More papers in Working Papers from University of Strathclyde Business School, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Kirsty Hall ().