Internet zero sceptics routinely declare that going inexperienced is a drag on the economic system, however new figures present additional proof on the contrary. 

In accordance with a report by the Power and Local weather Intelligence Unit (ECIU) and the Confederation of British Business (CBI), whereas the UK economic system grew by simply 0.1% in 2023, its burgeoning ‘web zero economic system’ grew by 9% final 12 months.    

The evaluation discovered that firms working within the low-carbon sector – together with renewables, battery storage and inexperienced finance – added £74bn to the UK economic system. What’s extra, inexperienced jobs had been discovered to be higher paid, with the common ‘web zero wage’ coming in at £44,600, in comparison with the UK common of £35,400.

“Towards the backdrop of financial stagnation, the web zero economic system is bucking the pattern, but it surely’s clear that the coverage U-turns of the previous 12 months have broken investor confidence at a time when the US and EU are investing billions to compete for clear industries,” stated ECIU director Peter Chalkley.

“The query now could be: will political events present the management, stability and funding wanted to generate additional development or draw back from the worldwide race for web zero?”

The UK knowledge come weeks after a separate report revealed that low-carbon industries at the moment are the primary driver of China’s economic system.  

Picture: Peter Cade/Getty