UK's low carbon economy high on expectations
The UK’s low carbon economy is now worth more almost four times more that the nation's traditional manufacturing sector, according to new analysis.
Related news:
- Pressure grows on companies over climate change
- Climate needs 'firm plans not just fine words'
- Smaller UK firms face climate change 'barriers'
- UK faces dilemma over oilfield project
- How sustainable is your global mobility business?
Sarah Howard, head of data analysis at kMatrix and author of the report, said: “This data, by examining the full extent of the low carbon economy from the grassroots up, shows us just how important it already is for the UK economy and the progress already made.“It also illustrates the chains and networks of supply are present and scalable, enabling the significant growth required in the wider sector. What we need now is a comprehensive policy framework and the required rapid growth can be achieved.”The UK government has been widely criticised for its failure to set out detailed policy proposals to meet its ambitious climate targets.Last month, Chris Stark, chief executive of the Climate Change Committee - the government’s own climate advisers - criticised the lack of policy detail, saying “progress was illusory”.Nick Molho, the executive director of Aldersgate Group, an alliance of business and policy leaders, said that for the net zero transition to deliver jobs to local communities across the UK, the government’s upcoming Net-Zero Strategy should include close collaboration with local authorities and community groups.He called for a UK-wide body to “support the workforce as the UK economy moves to net zero emissions” backed by by local transition bodies – made up of local industry, government, unions and educational sector representatives.“[They] could be tasked with carefully planning the changes needed in their areas to support a successful transition to net zero emissions,” he said.The report was based on 900 data sources from government, the private sector and academia. It used a different methodology to the Office for National Statistics annual assessment of the green economy, including supply chains and networks.
Read more news and views from David Sapsted.
Subscribe to Relocate Extra, our monthly newsletter, to get all the latest international assignments and global mobility news.Relocate’s new Global Mobility Toolkit provides free information, practical advice and support for HR, global mobility managers and global teams operating overseas.Access hundreds of global services and suppliers in our Online Directory©2024 Re:locate magazine, published by Profile Locations, Spray Hill, Hastings Road, Lamberhurst, Kent TN3 8JB. All rights reserved. This publication (or any part thereof) may not be reproduced in any form without the prior written permission of Profile Locations. Profile Locations accepts no liability for the accuracy of the contents or any opinions expressed herein.