{"id":501,"date":"2025-02-25T09:23:02","date_gmt":"2025-02-25T10:23:02","guid":{"rendered":"http:\/\/www.anthonyhouse.org\/?p=501"},"modified":"2025-03-01T04:01:12","modified_gmt":"2025-03-01T04:01:12","slug":"net-zero-sector-growing-three-times-faster-than-uk-economy","status":"publish","type":"post","link":"http:\/\/www.anthonyhouse.org\/index.php\/2025\/02\/25\/net-zero-sector-growing-three-times-faster-than-uk-economy\/","title":{"rendered":"Net zero sector growing three times faster than UK economy"},"content":{"rendered":"
\u00a0<\/div>\n

\"Net<\/h4>\n

The net zero sector is growing three times faster than the overall UK economy, analysis by the CBI shows.<\/h4>\n

Between 2023 and 2024, the net zero sector grew 10.1% \u2013 three times faster than the 3.2% growth in the overall UK economy.<\/p>\n

The analysis by the Confederation of British Industry (CBI) found the sector now generates \u00a383.1 billion in Gross Value Added (GVA), a measure of how much value companies provide through goods and services.<\/p>\n

The report, commissioned by the Energy and Climate Intelligence Unit<\/a>, analysed the economic growth attributable to businesses working in net zero including waste management and recycling, green finance, renewable energy, electric vehicles, heat pumps, and energy storage.<\/p>\n

With 10,625 businesses active in this sector, the renewable energy planning database \u2013 a database of renewable energy projects over 150KW to capture additional renewable energy businesses \u2013 was the largest component of the net zero economy.<\/p>\n

Renewables and waste management and recycling were the next largest sub-sectors, with 7,138 companies and 5,428 companies, respectively.<\/p>\n

\n

The net zero economy is not only driving environmental progress but also delivering transformative economic and social benefits across the UK.<\/p>\n<\/blockquote>\n

The report said: \u201cThe net zero economy is not only driving environmental progress but also delivering transformative economic and social benefits across the UK.<\/p>\n

\u201cWith its high productivity, investment, and innovation, the sector is a vital pillar of the UK\u2019s transition to a sustainable future.\u201d<\/p>\n

The analysis found that employment within the net sector has grown by 10.2% over the past year, with the net zero sector supporting the equivalent of 951,000 full-time jobs.<\/p>\n

Jobs in the sector are also outliers for productivity, the analysis found, as each full-time role generates \u00a3105,500 in economic value, 38% above the UK average.<\/p>\n

The West Midlands, Yorkshire & the Humber, and South West England were the largest net zero hotspots in the UK, collectively accounting for 16.3% of the net zero economy, or \u00a34.7bn to the UK net zero economy.<\/p>\n

Scotland\u2019s net zero economy grew by 21.3% since 2022, contributing \u00a39.1 billion in GVA and supporting 100,700 full-time jobs.<\/p>\n

The analysis found net zero businesses attracted \u00a323 billion in private investment since 2019, alongside \u00a31.1 billion in Innovate UK grants.<\/p>\n

\"\"<\/a><\/p>\n

The post Net zero sector growing three times faster than UK economy<\/a> appeared first on Circular Online<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 The net zero sector is growing three times faster than the overall UK economy, analysis by the CBI shows. Between 2023 and 2024, the net zero sector grew 10.1% \u2013 three times faster than the 3.2% growth in the overall UK economy. The analysis by the Confederation of British Industry (CBI) found the sector now generates \u00a383.1 billion in Gross Value Added (GVA), a measure of how much value…<\/p>\n","protected":false},"author":1,"featured_media":503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/posts\/501"}],"collection":[{"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/comments?post=501"}],"version-history":[{"count":1,"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/posts\/501\/revisions"}],"predecessor-version":[{"id":502,"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/posts\/501\/revisions\/502"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/media\/503"}],"wp:attachment":[{"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/media?parent=501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/categories?post=501"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.anthonyhouse.org\/index.php\/wp-json\/wp\/v2\/tags?post=501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}