The British Chambers of Commerce (BCC) has called for an independent taskforce to review the transition to net zero in the North Sea and protect around 200,000 jobs linked to the oil and gas industry.
A new BCC report highlights the need for a balanced approach to achieving climate goals while preserving jobs in the energy sector.
It warns that current fiscal policies could reduce investment and affect energy security.
The proposed taskforce would include experts from various sectors, including energy, economics, environmental groups and unions.
Its role would be to provide recommendations to the government on managing the North Sea transition without losing jobs and skills.
The taskforce would also review the industry’s long term fiscal regime.
The report underscores the importance of a “national conversation” about the North Sea and calls for strong dialogue among all stakeholders.
It stresses the need for a clear and integrated plan to ensure energy security and avoid over-reliance on imported fuels.
Shevaun Haviland, Director General of the British Chambers of Commerce, said: “The imperative for net zero is ratcheting up daily as fresh evidence of the damage caused by climate change emerges.
“But it’s equally important that we manage this process to avoid catastrophic harm to our economy and workforce.
“We need an effective energy transition which does not cut adrift the tens of thousands of highly skilled people across the UK who rely on the sector for their livelihoods.”
