UK’s Green Economy Added £26.3 Billion To The Economy In 2012
New figures from the UK’s Office for National Statistics shows that the country’s green industry added £26.3 billion to the economy and contributed 357,200 full-time jobs in 2012.
According to the Office for National Statistics (ONS), the £26.3 amounts to 1.6% of the country’s GDP, growing 1.5% since 2010 — but that growth is slower than GDP growth, which stood at 6.2%. Total output in the green economy, however, grew by 9.1% between 2010 and 2012, reaching £55.4 billion, and contributing 357,200 full-time equivalent jobs, which is an increase of 5.3%.
UK green economy output, value added and employment between 2010 and 2012
Specifically, ONS highlights the trends found in the wastewater and waste management industry, as well as renewable energy production, and insulation.
Wastewater and waste management had the largest employment at just over a third of all green jobs, according to ONS, with 33.8%, and contributed the most to the economy with £9.4 billion.
The largest growth in employment was in the production of renewable energy industry, with 59.1% growth between 2010 and 2012, and 54.4% growth in the insulation industry.
“There is increasing demand in the UK, and internationally, to measure the progress towards a green economy,” write the Office for National Statistics. “There is particular interest in establishing how the economy is moving towards improving and protecting the environment from further deterioration (sustainable development), and the amount of green jobs being created. Furthermore, information on green growth is required to assist in the development of environmental and economic policies.
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