Their press release explains that this work draws on government data, working with individuals from departments to verify their findings as well as the data of businesses such as Bloomberg:
“The results are impressive and show how this sector has proven itself resilient to recession. Especially striking is the infrastructure story – data taken from the Treasury. It shows they are sitting on the fact that low carbon infrastructure is of much bigger economic importance to the UK, attracts far more private sector money, while high carbon remains reliant on the public sector for its investments. If you want to get private sector investment, you want offshore wind not roads and airports”.
Four of its findings are:
- The general economy will only return to 2007 levels by 2014 at the earliest, but the green economy will grow by 40% in that same period.
- There are now more low carbon and environmental jobs (788,700) in the UK than in motor trades (440,200), and telecommunications (184,500)
- That a third of all the new energy deals in the world receive both their legal and financial advice from the UK
- 88% of our top 20 infrastructure projects for this year are low carbon, with only 6% of it reliant on public money. 63% of top high carbon projects’ funding comes from the public sector