Offshore Wind, WTO Fisheries Subsidies Agreement, UK-US Tech Prosperity Deal

Meet Irodogorgia chewbacca, or the Chewbacca coral, a new species of coral discovered in the western Pacific.

The WTO Agreement on Fisheries Subsidies entered into force on September 15 2025

the Agreement's disciplines prohibit subsidies for illegal, unreported and unregulated fishing, for fishing overfished stocks, and for fishing on the unregulated high seas.

In 2021, 35.5 per cent of global fish stocks were overfished compared with 10 per cent in 1974. It is estimated that subsidies to marine fishing activities total USD 35 billion per year globally. Of this amount, around USD 22 billion are considered to be harmful, contributing to the depletion of marine stocks.

Key announcements:

• NVIDIA will deploy 120,000 advanced GPUs across the UK

• Microsoft to invest $30 billion in AI infra, CoreWeave to invest £1.5 billion in AI data centre in the UK

• UK-US taskforce to collaborate on quantum technologies

The two countries also announced a major partnership on nuclear power -

• X-Energy and Centrica to build up to 12 advanced modular reactors;

• Holtec, EDF and Tritax will partner on data centres powered by SMRs;

• Urenco & Radiant to supply HALEU to the US market;

• Last Energy & DP to build micro modular nuclear power plants.

In 2024, global operational nuclear capacity was 377 GW. In its latest update, the IAEA estimates a 50% increase in operational capacity to 561GW by 2030.

• New Zealand will amend the draft legislation for offshore renewable energy (introduced in 2024) to designate specific areas where offshore wind projects can be setup, while there is still a pause on permits for seabed mining, which has been hindering offshore wind development.

• The Dutch Government will extend Offshore Wind Subsidies through the IKC-ETS scheme by one year, until 2028, to help offshore farms compete with other electricity supply. It is also working on a bill to allow Contracts for Difference (CfDs) for offshore wind.

• Ireland has published National Designated Maritime Area Plan (DMAP) for Offshore Renewable Energy (ORE) Proposal.

  The National DMAP for Offshore Renewable Energy will be a strategic plan that outlines the development and management of offshore renewable energy resources off Ireland’s coast.

  …Ultimately, the National DMAP for ORE will designate renewable energy sites around Ireland’s coast that are suitable for offshore wind development, including fixed, floating, and floating demonstration locations

  Ireland also launched a consultation on its Social Climate Plan.

ICYMI: Ireland Private Wires Policy

Currently in Ireland, ESB Networks builds, owns, operates and maintains both the electricity transmission and distribution infra. In July 2025, the government announced a ‘Private Wires’ policy that would allow “allow private wires to be built and operated in a limited number of circumstances where the public benefits of allowing such developments are clear.”

Bonus: Don’t underestimate the power of economic incentives

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