The sector generated £83.1 billion in additional value to the economy, with £28.8 billion being generated by the activity of net zero businesses, and a further £54.3 billion in the supply chain and wider economy.
The “net zero” sector has grown by 10% in the past year, adding £83 billion to the UK economy and boosting regional growth, a report suggests.
She said the report underlined why net zero needed to be at the heart of the UK’s growth strategy, and pointed to the Government’s strategy to achieve clean power by 2030 as signalling the investment needed to decarbonise the power sector.
Jobs in net zero industries are typically better paid than the UK average, with employees in the sector earning an average of £43,076 a year, compared with £37,430 for full-time employees across the UK as a whole, the report found.
The study found net zero is particularly important in Scotland, making up around 4.9% of the country’s gross value added (GVA) – adding some £9.1 billion to the economy – and supporting around 3.8% of its jobs.
