The clock is ticking on Britain’s 30.year countdown to net-zero carbon emissions, and businesses are joining the race to greener power, transport and waste disposal.
Sector at a glance
2050 - The year by which the UK is committed to reach net zero-emissions
- 20% - The proportion of UK energy produced that is renewable
- 43.5% - The household recycling rate in 2018/2019, up from 11.2% in 2000/2001
It’s an exciting time for the green economy in the UK. ONS figures released in January 2020 found that the UK’s low carbon and renewable energy economy grew to £46.7bn in 2018, up 4.9% year-on-year. The Government is targeting two million ‘green-collar’ jobs in the UK by 2030 as part of the nation’s 2050 net-zero target, and offshore wind employees are set to triple to 27,000 by 2030 through a new skills package.
While COVID-19 has created many challenges, it appears to have had a positive impact on the green landscape of the UK. It’s reported that carbon emissions fell by 36% in the first four weeks of the lockdown.
Furthermore, UK consumers still intend to live more sustainable lives after the pandemic. According to analysis released by The Eco Experts in April this year, 63% of UK adults vowed to switch to more eco-friendly products throughout 2020 and beyond. All this adds up to a time of opportunity for green business in the UK.