UK's Net Zero Economy Grows 9% in 2023, Outpacing Overall Economic Performance

Amid a broader economic downturn, the UK's green sector shines with significant growth, highlighting the potential for climate-friendly investments.

The UK's net zero economy, including renewable energy and electric vehicles, grew by 9% in 2023, reaching £74 billion.
Despite the overall British economy entering a recession in the latter half of 2023, the green sector's growth underscores its resilience and potential.
The sector supported approximately 765,000 jobs, with net zero businesses and related spending contributing 3.8% to the UK's GDP.
Political leadership and investment in the net zero economy are urged to sustain growth, especially with an upcoming general election.
Net zero jobs offer higher pay and productivity, with significant activity in deprived areas and key electoral battlegrounds.