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  • Writer's pictureSimon Mosdal

How clean energy can boost the UK economy (and your wallet!)

The UK has been hit with a number of complications over the past few years. According to polls, the cost of living (93%), the NHS (89%), and the economy (76%) make up the greatest of the population’s concerns. To argue that all complications stem from climate change would be wrong. However, a large majority can certainly be alleviated by redirecting focus to clean energy, particularly in the case of economic concerns. 

As such, there is a clear indication that governmental change in the form of new economic policies is very much in order if it is to regain its footing. With costs rising, wages stagnating and jobs in turmoil, perhaps it is time we find a new way to boost productivity. The longer we wait, the worse the outcome will be. Here are some of the ways the UK’s economy could reap the benefits associated with a transition to a cleaner and greener future.

Job creation and economic growth

The clean energy revolution is creating a wave of new job opportunities across the UK. The sector is already a significant employer, from wind turbine technicians to solar panel installers and energy efficiency specialists.

As Lord Deben, Chairman of the Committee on Climate Change, stated: "A net zero workforce means secure employment for the future. This is an opportunity for the Government to bring real meaning to levelling up" This isn't just hopeful rhetoric; according to Energy UK, the clean energy sector already supports over 247,000 jobs in the UK, and this number is expected to grow significantly in the coming years.

Reduced energy bills and energy independence

Switching to clean energy sources like solar power isn't just good for the environment; it can also put money back in your pocket. By harnessing the power of the sun, homeowners can significantly reduce their reliance on the grid, leading to lower electricity bills. According to The Solar Energy Centre, a typical UK household with solar panels can save an average of £700 per year on their electricity bills.

Government incentives and support

Despite what many might think, the UK government recognises clean energy's economic and environmental importance. It is able to support individuals and businesses looking to make the switch with various incentives. For example, there are financial grants to help offset the upfront costs of installing solar panels or heat pumps, as well as tax breaks for businesses investing in clean energy technologies. As the government website highlights, these initiatives make clean energy more accessible and encourage widespread adoption, accelerating the transition towards a greener future.

Investing in clean energy isn't just about short-term benefits; it's about building a sustainable and prosperous future for the UK. By embracing clean energy, the UK can attract green businesses and establish itself as a leader in the global cleantech market. This not only fosters innovation and technological advancements but also positions the UK for long-term economic growth in a rapidly changing world.

Join the movement! Download UK Zero, connect with others, and let's work together for a sustainable future.

The UK Zero logo beside a phone with the UK Zero home screen showing the UK's energy mix on the 11th May 2023.


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