Despite the current economic headwinds, the UK and its businesses still need to go full pelt to position themselves at the forefront of the Green Industrial Revolution. Here’s why.
14 Jun 2022, 5 min read
It’s not about growth despite, it’s about growth because of net zero
Speaking at the CBI’s Achieving Net Zero Conference, Helen Whately MP, Exchequer Secretary to the Treasury, asked business leaders to look at the numbers to prove the benefits of going green:
- Between 1990 and 2019 the UK cut emissions by 44% while the economy grew by 78%.
- In 2019 low carbon businesses and their supply chains in the UK turned over £42bn of revenue supporting over 410,000 jobs.
- Green growth offers opportunities for UK which could contribute up to £60bn of gross value added to the UK economy by 2050.
We’ve done it before, we can do it again
Britain was at the forefront of investment the first Industrial Revolution, doubling productivity and growth rate in GDP as a result of coal production. Ambition and credibility will give the UK an opportunity to spearhead the Green Industrial Revolution.
Those are the two ingredients attracting companie
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