UK's Net Zero Economy Grows 10%, Adding £83 Billion in 2024
A new report highlights the rapid expansion of green industries, creating high-wage jobs and boosting productivity across the UK.
- The net zero sector grew three times faster than the overall UK economy in 2024, contributing £83.1 billion in gross value added (GVA).
- Nearly a million full-time jobs are now supported by the net zero economy, with wages averaging £43,000, significantly above the national average.
- Regions like the West Midlands, Yorkshire and the Humber, and Scotland are emerging as key hubs for green industry growth, aiding regional economic development.
- The sector's productivity is 38% higher than the UK average, and it has attracted £23 billion in public, private, and foreign investment in 2024.
- The report underscores the alignment of economic growth with climate action, despite political criticism and calls for more robust government support for green initiatives.