Clean energy industry growing faster than rest of economy – CCC report
16 March 2017
Posted by: Rob Norris
A new report by the Government’s advisory body the Committee on Climate Change highlights the benefits that wind and marine energy bring to the economy by growing new industries, and to consumers by providing insurance against volatile international fossil fuel prices.
The study, “Energy Prices and Bills 2017 – impacts of meeting carbon budgets” states that having renewables on the system drives down bills by providing more competition among a wide range of energy sources.
It notes that offshore wind costs have fallen dramatically and will continue to do so, and that onshore wind offers a cost-effective way to keep bills down, so it is one of the technologies which can provide new generation in the 2020s.
RenewableUK’s Executive Director Emma Pinchbeck said:
“This report highlights the fact that the UK’s low-carbon sector is growing faster than the rest of the economy, already employing hundreds of thousands of people and contributing 2-3% of GDP, which is comparable in size to energy-intensive manufacturing”.
With Government looking to invest in industries of the future through the Industrial Strategy, the CCC’s findings clearly demonstrate that wind and marine energy should be priorities”.
For further information, please contact:
Jennifer Webber, Director of External Affairs, 0207 901 3012 or 07792 463 445
Robert Norris, Head of Communications, 0207 901 3013 or 07969 229913 Robert.Norris@RenewableUK.com
Adam Wentworth, Communications Officer, 0207 901 3038 or 07791 702702 Adam.Wentworth@RenewableUK.com
RenewableUK is the trade and professional body for the wind, wave and tidal energy industries. Formed in 1978, and with more than 400 corporate members, RenewableUK is the country’s leading renewable energy trade association.
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