With a new government in place and laser-focused on revitalising the UK economy, the time is now for a comprehensive economic strategy centred on green prosperity. The Autumn Budget, and next year’s multi-year spending review, are opportunities to spell out this vision for renewal. The new government has set out ambitious targets and missions to reestablish the UK as a climate leader. Success will only be possible with a whole-systems approach, covering energy systems, homes, industries and finance.
The green economy is already a major source of growth and innovation. It surged by 9% last year, far outstripping the national growth rate of just 0.1%. Meeting the UK’s 2050 emissions target alone could unlock over £266 billion for the UK economy over the next three decades. Funding decisions need to be designed to support families, communities and businesses. The Treasury will play a central role in ending fuel poverty and achieving a just transition for those working in high-carbon industries. This briefing “Spurring Clean Economic Investment In The UK” prepared by E3G highlights that all this can only happen if the country is able to spur the public, private and blended investment needed to get on track.
Access the complete brief here
