Renewables report reveals the green market’s high employment potential
New research by the Renewable Energy Association and construction consultancy Innovas reveals that as of 2010/11 the UK’s £12.5 billion renewables industry supports 110,000 jobs across supply chain and could support 400,000 by 2020.
The report finds that the UK renewables industry will require 400,000 jobs in total to meet the 2020 renewables targets.
The report also reveals:
- The overall increase in market value from 2009/10 to 2010/11 was 11 per cent – outstripping economic growth over the same period (1.4 per cent) by a factor of eight;
- Meeting the UK’s renewable energy targets would displace fossil fuels with a cumulative value of £60bn to 2020, which would provide a significant boost to the country’s balance of trade
REA chief executive Gaynor Hartnell said: “Harnessing our renewables creates employment and means that rather than spending money on energy imports we can keep it circulating in the UK economy.”
“The government needs to take steps to build the skills base and keep the UK on track to meet its renewables targets.”
“When it comes to the employment, economic and energy challenges we face, the answer is clear: make it renewable and make it in Britain.”