The Rest Is Politics

Snapshot · The Rest Is Politics

547. The Truth About Russian Oil, Net Zero, and North Sea Drilling

Explore episode Jun 24, 2026

Where this was said

Tidal Power: The Next Offshore Wind?

At 42:00 · chapter starts 40:35

James's question about tidal power gives Jørgensen an opportunity to tell the cautionary tale of offshore wind's origin story. When Denmark built the world's first offshore wind park in 1991, the reaction from experts and the public alike was derision — naive idealists wasting money on something impossibly expensive. Today, offshore wind competes on price with coal and gas globally. Jørgensen argues tidal and wave energy could follow the same arc, but needs the same early-stage policy support: contracts for difference to share risk between producers and the state, and sustained government commitment through the years when the technology is not yet competitive. The lesson of offshore wind is that patience and consistent policy unlock cost curves that initially seem impossible.

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