The Global Wind Energy Council has published Floating Offshore Wind – a Global Opportunity, a report setting out the clear opportunity floating offshore wind presents for countries across the globe. The report sets out the enormous role floating offshore wind could have in the world’s drive, over the next decade, to reduce reliance on fossil fuels such as gas, coal and oil. The technology is central to global ambitions to reach Net Zero by 2050.The report focuses on five countries – Ireland, Italy, Morocco, Philippines and USA – which all have significant floating wind potential. These five countries are termed the ‘chasing pack’, and together with the most mature floating markets – UK, South Korea, France and Japan – could spearhead the next wave of floating wind. The global race to develop this technology is already underway, and these countries can catch up to the current market leaders, if they put in place the right policy now.The report, from research and analytics company Aegir Insights, shows the critical role of political leadership in kick-starting floating offshore wind markets. The market is nascent, but could be huge: 80% of the world’s offshore wind resource potential lies in waters deeper than 60m.For many countries, the technical potential for floating offshore wind dwarfs that of fixed-bottom turbines. If offshore wind is to ramp up its contribution to net zero, rapid deployment of floating wind farms will be needed. This requires political leadership and support to make a reality.