Nature Positive Role of the Offshore Wind Sector

The nature-positive transition can also present enormous opportunities for companies in this sector. The Forum’s 2020 report, New Nature Economy Report II: The Future of Nature and Business, estimated that a full nature-positive transition in the global economy could create $10.1 trillion of annual business opportunities by 2030. Of this figure, estimates show that undertaking the priority actions for the offshore wind sector could unlock over $5.5 billion in cost savings and revenue upside by 2030 for businesses across the sector’s value chain. The actual value of this transition could be higher than estimated, as the calculation did not account for all potential business opportunities in the sector. Business opportunities for the offshore wind sector by 2030 ($ billion) FIGURE 9 Catalyse industry collaboration and wider policy and systems changeActively support nature restoration and invest in nature-based solutions alongside local stakeholdersInnovate product design to reduce material demand and support the nature-positive transitionAvoid and reduce impacts on nature from components and materials through responsible sourcingAvoid and reduce impacts of direct operations on nature, restore and compensate for unavoidable residual impacts in accordance with the mitigation hierarchyTotal0.79 0.420.390.12 5.55 3.83 1 2 3 4 5 26 Nature Positive: Role of the Offshore Wind Sector