UK’s green economy worth £46.2bn in 2014

The UK’s low carbon and renewable energy (LCRE) economy generated £46.2 billion in 2014. Final estimates from the Office for National Statistics (ONS) reveal around 96,500 businesses in the UK […]

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By Priyanka Shrestha

The UK’s low carbon and renewable energy (LCRE) economy generated £46.2 billion in 2014.

Final estimates from the Office for National Statistics (ONS) reveal around 96,500 businesses in the UK operated in the LCRE sector, employing 238,500 full-time workers.

The majority of businesses were in the construction industry, which generated £12.4 billion and employed 96,500 people.

The figures are based on a sample of 41,483 businesses assessed by the ONS, with initial estimates published in December last year.

LCRE activity associated with renewable energy generated £15.9 billion and 43,500 people were employed.

The energy efficiency products group was worth £21.9 billion of total turnover, employing 155,500 people while the low emissions vehicle group dominated exports, accounting for £2.9 billion.

In Scotland, 5.2% of businesses operated in the LCRE economy during the same period.

They generated £5.6 billion and employed 21,500 people.

Last month the ONS also revealed the UK’s nuclear sector generated a turnover of £3.5 billion while the UK onshore wind industry was worth £2.8 billion in 2014 .