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The floating offshore wind sector in the UK can deliver almost £34bn in economic benefits by 2050, according to a new report by RenewableUK and Scottish Renewables.

The report – ‘Floating Wind: The UK Industry Ambition’ – says that the technology is necessary for the UK to reach its legally-binding net zero carbon emissions target by 2050 and to fulfil Scotland’s commitment to achieve this by 2045.

The industry estimates that floating wind can support 17,000 UK jobs by 2050, particularly in coastal communities in England, Scotland and Wales.

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