The UK’s net zero economy has grown 10% in the past year alone, providing an £83.1bn uplift to the economy, analysis has revealed.
The study, which was carried out by the Energy and Climate Intelligence Unit (ECIU) on behalf of the Confederation of British Industry (CBI), suggested that the sector was “vital” for the government’s efforts to boost the UK’s economic growth.
Net zero businesses now support the equivalent of 951,000 full-time jobs, which are typically better paid than the UK average, with employees earning an average of £43,076 per year. This compares to median gross annual earnings for full-time employees across the UK of £37,430 in April 2024.
The ECIU estimated that they generate £105,500 in economic value, which is 38% above the UK average. It also found that the economic benefits of net zero jobs were broadly spread across the different regions of the UK, although they are especially important to the Scottish economy, making up around 4.9% of the country’s gross value...