british success story

8/10/2019 British Success Story

1/12

Green economy:a UK success story


2/12

Recession resilience

How does the green economy compare?

Indexed growth rate since the financial crisis

Size of UK economy 2011

Over a third of theUKs economicgrowth in is likely to havecome from greenbusinessCBI,

Green economy turnover

GDP

Projected growth

Indexedt

o

%

%

%

%

%

Green economybn

General economy,bn


3/12

Low carbon and environmental,

Financial services,,

Telecoms,

Motor trade manufacture and retail,

Low carbon and environmental jobs comparedto other sectors 3


4/12

Market certainty

UK,

KILOTONNESCO

%

WALES, Kt

CO

ENGLAND,

KILOTONNESCO

%%

%

%

SCOTLAND, Kt

CO

Clear CO2reduction objectives...

Our calculation ofwhat Englandsshare of the UKsCO2reductiontarget should be,assuming othernations reach theirs

targets


5/12

...leading to investment

Low carbonprojects

billion

High carbonprojects

. billion

.bnpublic

.bn

private

.bn

private

bnpublic/private

.bnpublic

Spending on the top infrastructure projects(by cost) started or confirmed 5


6/12

...low carbon outcomes

.

England

.

Scotland

.

Wales

.

N Ireland

Investment in renewables per capitaApril 2011 March 2012

Renewable electricity consumed percapita across the UK

%

%

%

%


7/12

,,,

Scotland

Low carbon and environmental,

England

Wales N Ireland

,,,

Financial services,

Telecoms,

Motor trade manufacture and retail,

,

,

,

,

,

,

...and jobs

Low carbon and environmental jobs across the UK

Green employment is spread evenly across the country andcorrelates exactly with the population of each nation, eg Englandhas % of the population and % of the green jobs


8/12

Global leadership

Brazilm

USA

m

G

The UK exportedlow carbon andenvironmental goods

and services to 52countries in 2010-11,totalling 11.8bn


9/12

Japanm

Indiam

Chinam

y

n , [greenbusiness] is expectedto roughly halve theUKs trade deficitCBI,


10/12

The UK is the green financing capital of the world8

One third of all global asset finance

investment in new energy dealsbetween and received bothlegal and financial advice from the UK

Brazil

China

mm

m

m

m

m

m

m

m

m

m

m

Green imports Green exports

India

USA

UK

Germany

Japan


11/12

A UK success story

We are often told of the benefits that comefrom creating a greener economy and theadvantage that will come from being a firstmover. It is now clear that we dont need towait for these benefits. The UK has moved

and we are seeing the advantage.Our low carbon and environmental

sector has shown that its not just for thegood times, but that it has continued togrow steadily even whilst broader economicactivity slows.

This is the outcome of setting ambitiousenvironmental targets and creating longterm market incentives for green goods andservices. It has given the private sectorconfidence to invest billions of pounds inthese markets. In contrast, the UKs highcarbon infrastructure projects now havemuch lower leverage on private capital andare being propped up by greaterproportions of public spending.

The return on our investment ingreening the economy is being felt acrossthe country, with nearly a million people

now employed in providing low carbon andenvironmental goods and services,outstripping employment in other sectorssuch as telecoms.

Quietly and without fanfare, greenbusiness has become a UK success story, athome and abroad. We now export moregreen products and services to ourcompetitors than we import from them, andwe have become the green financing capital

of the world.This success should be celebrated. With

greater public recognition and strongerconfidence green businesses can helpsecure a faster and more resilienteconomic recovery.

Data sourcesDepartment for Business, Innovation &Skills (BIS), 2012, Low carbonenvironmental goods and services: report

for 2010-11; Office for National Statistics(ONS), 2012, Quarterly national accounts

Q4 2011; Office for Budget Responsibility(OBR), 2012, Economic and fiscal outlook

CBI, 2012, The colour of growth:maximising the potential of green business

Green jobs: BIS, 2012, Low carbonenvironmental goods and services: report

for 2010-11; other jobs: ONS, 2011,Business register employment survey 2010

4Emissions levels: AEA, 2011, Greenhouse

gas inventories for England, Scotland,Wales and Northern Ireland: 1990 2009;emissions targets: HM Government, 2008,Climate Change Act; Scottish Government,2009, Climate Change (Scotland) Act;Welsh Assembly Government, 2010,Climate change strategy for Wales;Northern Ireland Executive, 2012,Programme for government 2011-15

HM Treasury, 2011, Infrastructureinvestment pipeline dataRenewables consumption: Department for

Energy & Climate Change (DECC), 2011,Electricity generation and supply figures forScotland, Wales, Northern Ireland andEngland, 2007 to 2010;investment: DECC,2012,Renewables investment and jobs;ONS, 2011,Population estimates for UK,England and Wales, Scotland and Northern

Ireland, mid-2010BIS, 2012, Low carbon environmentalgoods and services: report for 2010-11

8Data courtesy of Bloomberg New EnergyFinance

9BIS, 2012, Low carbon environmentalgoods and services: report for 2010-11;UN,2011,World population prospects: the 2010revision

More detailed references are available atwww.green-alliance.org.uk/UKsuccess


12/12

Cover imageThe UK has higher per capita green turnover than Germany,Brazil and China.

Acknowledgements

We are grateful to Alex Belsham-Harris, Green Alliance intern, Paul Benjaminat Bloomberg New Energy Finance and Ricardo Bowman at the Departmentfor Business, Innovation & Skills for their help in producing this publication.

With thanks to the following organisations for supporting this project:

Green Alliance Buckingham Palace RoadLondon, SWW RE

[email protected]

blog: greenallianceblog.org.uktwitter: @GreenAllianceUK

The Green Alliance Trust is a registeredcharity and company limited byguarantee (England & Wales) ,

registered at the above address

Designed by HowdyPrinted by Park Lane Press

Green Alliance, August

british success story

Documents