The latest Government figures reveal that turnover in the UK’s low-carbon economy was £46.7bn in 2018, up from £40.5bn in 2015. But the 2018 figure is still equivalent to just 1% of national non-financial turnover, experts have warned. Published this week, the Office for National Statistics’ (ONS) low-carbon and renewable energy economy figures for 2018 reveal overall – but not sizeable – growth in the sector since 2015. The digest covers businesses involved in renewable energy generation and distribution, and the manufacturing of carbon-saving products, stating that annual turnover in this space increased by £6.2bn between 2015 and 2018. It reveals that the biggest drivers of turnover (36%) and employment (51%) within the sector were energy-efficient products. In terms of exports, the biggest contributor to turnover was found to be low-emission vehicles, despite challenges to UK manufacturing as a result of factors such as Brexit and slow legislation changes.
Edie 17th Jan 2020 read more »
THE Scottish Government has announced that sustainable growth “is embedded” in its plans during the lead up to Brexit. Ahead of the departure date and the publication of the Scottish budget, the Government will redouble its efforts to support sustainable growth, with a number of commitments toward a low-carbon economy.
The National 20th Jan 2020 read more »