comment on this article

UK’s low carbon sector could be worth over £200bn

New research suggests that the UK’s low carbon sector could be worth over £200bn, that's almost 4 times larger than the country’s manufacturing sector.

The low carbon sector recorded growth of over 7 per cent prior to the pandemic, contracting 9 per cent last year, but is expected to have returned to strong growth this year.

The report, which was commissioned for the Guardian newspaper, suggested that there is a broad and fast growing mix of companies in this space but that the sector is very ad hoc, with some sectors racing ahead of others – suggesting that the UK Government needs to set out a much clearer plan for the sector both in terms of financial and regulatory support.

The UK Government has come in for considerable criticism over its lack of policy detail and mixed messaging, for example announcing further investment and support for fossil fuels.

With around 75,000 firms in the UK’s green sector employing over 1.2 million people it’s time for some radical and joined up government thinking to support this fast growing sector.

Author
Neil Tyler

Comment on this article


This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

What you think about this article:


Add your comments

Name
 
Email
 
Comments
 

Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

Worrying times

News that UK companies might be shut out of the Galileo programme raises ...

Software and security

Last month Embedded World once again demonstrated why it’s described as the ...

Close to the edge

“We are entering a new era where artificial intelligence systems are helping to ...

Getting real with VR

Professor Robert Stone has been involved in the world of virtual, augmented and ...