economy

Ahead of the UK general election, industry trade body Energy UK has urged the next government to consider the economic benefits of investing in the green transition.

According to a new report commissioned by the Energy and Climate Intelligence Unit (ECIU), the UK’s net zero economy has grown by 9% throughout 2023.

CBI Economics alongside the Energy and Climate Intelligence Unit (ECIU) have released a report stating that almost 20,000 UK businesses are operating within the net zero economy, contributing £71 billion a year to the UK economy.

​HM Treasury has launched its interim Net Zero Review ahead of the publication of the full document in spring 2021.

​The UK currently has a pipeline of 61GW of renewables and storage that if developed could bring in £125 billion to the UK economy.

The government has been urged to create a Net Zero Development Bank and pledge £5 billion towards local energy projects.

​The chairs of the BEIS select committee and the Environmental Audit Committee – Darren Jones and Philip Dunne – have written to Chancellor Rishi Sunak to stress the need for a green economic recovery.

​Ireland’s recovery from COVID-19 must take into account climate change, according to a new report detailing the progress made in emissions reductions of Irish businesses.

​Decarbonisation should be the focus of the COVID-19 recovery, a letter signed by over 200 business leaders has said.

​The Contracts for Difference (CfD) scheme should be expanded, the National Infrastructure Commission (NIC) has recommended as one of a number of measures to strengthen confidence in the economy.​