UK Net Zero Economy Supports 1.1 Million Jobs, Generates £105 Billion GVA
Updated
Updated · eciu.net · Jun 1
UK Net Zero Economy Supports 1.1 Million Jobs, Generates £105 Billion GVA
4 articles · Updated · eciu.net · Jun 1
A new ECIU-commissioned report put the UK’s net zero economy at 1.1 million full-time-equivalent jobs and £105 billion in gross value added, with 308,000 jobs supported directly by net zero businesses.
Those jobs are more productive and better paid than the national norm: net zero roles generate £119,300 per worker—about 1.5 times the UK average—and average wages of £43,142, 11% above average.
Small firms dominate the sector, with 22,700 SMEs making up more than 96% of businesses, while six regional hotspots each top £1 billion in economic value, including the Scottish Central Belt and West and North Yorkshire.
Yorkshire and the Humber led England on net zero intensity, with the sector accounting for 4.4% of local GVA and supporting more than 79,000 jobs.
The report also highlighted a £455 billion renewable-energy pipeline across 262GW of capacity, arguing stable policy is needed as the UK competes for clean-industry investment.
As Britain's green economy creates a million jobs, why do some leaders advocate for a return to fossil fuels?
Can Britain secure its £455 billion green investment pipeline amidst political uncertainty to power its future?
The green transition promises higher wages, but will it create a just future for former fossil fuel workers?
Powering the UK’s Net Zero Economy: £28.8 Billion Growth, Green Jobs, and Regional Transformation (2024-2026)
Overview
Between 2024 and 2026, the UK's net zero economy saw remarkable growth and transformation, fueled by ambitious policy decisions and a surge in investment. This expansion led to substantial contributions to regional economies and job creation, with Scotland alone adding £9.1 billion and supporting over 100,000 full-time jobs. The widespread distribution of green jobs and investment has played a crucial role in levelling up the UK economy. Central to this momentum was the Labour government’s rise to power and the launch of its 'clean power mission,' which set the stage for these significant advancements.