Government Energy Policy, Business and Technology

Government support needed to unlock billions in green business, says industry

The Guardian: The UK could be a green business powerhouse in the next three decades, but only if given proper support by government, a group representing more than 30 low-carbon companies has said.

The low-carbon economy in the UK employs at least 432,000 people, with a turnover of more than £77bn in 2015. This is larger than industries such as car-making and steelmaking, which are frequently given the spotlight when politicians discuss industry and jobs.

Growth in green business is also expected to outstrip other sectors of the economy, as international opportunities open up for low-carbon goods and services. Investments by major developing countries alone are projected to be $23tn by the end of the next decade, with green business’s supporters arguing that the UK is well placed to take a share of the burgeoning market.

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