CBI Economics researched the impact of the growing net zero economy and how net zero hotspots relate to the levelling-up agenda.
Economic growth and the use of finite natural resources have been strongly associated. However, the growing strength of the net zero economy has demonstrated that a different path can be taken by businesses and government to sustain growth.
The Energy & Climate Intelligence Unit commissioned us to explore the size, scale, and regional distribution of the net zero economy. The report mapped the UK’s net zero hotspots and the businesses driving the country’s transition to net zero greenhouse gas emissions.
Can the net zero economy bolster the UK economy?
We evidenced some 20,000 businesses contributing to the net zero economy generating a total of £71 billion in Gross Value Added (GVA) for the UK Economy per year.
Looking deeper the net zero economy was 1.7 times more productive, in terms of GVA per employee, than the national average for the UK economy, thereby providing a potential solution to the UKs continued productivity problem. Hist
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