UK could unlock £70bn a year in renewable energy, report claims
(The Guardian, 15 May 2023) Plausible for UK to become global clean energy superpower if investment is ramped up.
The UK could unlock £70bn every year by generating enough clean electricity to become a major exporter of energy to mainland Europe, according to a former government economist.
A new report has found that by increasing Britain’s clean electricity generation 50% above its current projections for 2050 it could become a clean energy superpower capable of exporting £17bn of green electricity to Europe a year.
The ambition to generate more green electricity than needed to meet the UK’s climate targets could also create an additional 279,000 British jobs, and support a total of 654,000 British jobs, across the UK’s clean energy industries, according to the report.
The analysis by former government economist Chris Walker for the UK Business Council for Sustainable Development found that it was “plausible” that the UK could transform from a net importer of energy to an exporter of green electricity by taking a lead in the global race to “net zero”
The Guardian, 15 May 2023: UK could unlock £70bn a year in renewable energy, report claims