UK Net Zero Economy Reaches £105 Billion and 1.1 Million Jobs, New Report Finds
By
Teena Jose
Crispy enough to crunch, soft enough to enjoy. A good bake.
Summary
The UK's net zero economy has surpassed £100 billion in annual economic output and supports over 1 million jobs, according to a new report by CBI Economics for the Energy and Climate Intelligence Unit (ECIU). The research identifies a £105 billion gross value added contribution and a potential £455 billion investment pipeline, highlighting the sector's growing economic significance amid political debates over the UK's climate targets.
Key quotes
· 3 pulledThe UK's net zero economy now contributes more than £100 billion a year to economic output and supports more than one million jobs.
The report, produced by CBI Economics for the Energy and Climate Intelligence Unit (ECIU), estimates that the UK's net zero economy generates £105 billion in gross value added and is associated with 1.1 million jobs across businesses, supply chains and related industries.
Researchers also identified a potential £455 billion pipeline of investment in energy
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