Semco expects comeback after missing renewables target

The resuscitation of the US offshore wind market and further prospects both in Asia and closer to home reinforce Semco's offshore engineers in their confidence that half of company revenue will come from renewable power activities in 2023.

In 2020, Semco had to scout further than expected for offshore wind gigs. | Photo: Semco Maritime

Goals are always relative in terms of both starting points and final objectives. Setting this perhaps trivial statement into the context of world countries declaring reductions targets for greenhouse gas emissions suddenly makes it all the more relevant.

Take, for instance, the EU's latest policy aim to cut carbon pollution by 55 percent in 2030. This objective is markedly more ambitious than the US' new goal to halve emissions within the same time frame because the European target benchmarks itself to 1990, while the US' pertains to 2005, when emissions were far larger.

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