This report sponsored by Energy UK uses Oxford Economics’ Global Climate Service to understand the implications for the UK of the different routes to achieving Net Zero. As well as changing the shape of the UK economy, the transition to Net Zero could deliver significant benefits for the UK.
Oxford Economics Industry Climate Service examines the different pathways to achieving Net Zero. Under the most optimistic Net Zero Transformation Scenario, by 2050 the UK economy could be up to £240 billion larger than the baseline scenario, in today’s prices. This is equivalent to the size of the whole UK manufacturing sector today.
The transition to Net Zero creates a significant change in economic activity across many sectors, alongside an opportunity to create new value streams. The electricity generation, manufacturing, and construction sectors are all expected to benefit from the large investment boost necessary to decarbonise the economy. Although sectors in the fossil fuel sector are expected to decline, these sectors are relatively small in the UK. Moreover, there are expected to be significant opportunities for these workers to transition to jobs in sectors with related skills such as carbon capture, usage, and storage (CCUS) and floating offshore wind.
To download the report, please complete the form below.
The experts behind the research
Our Industry Consulting team are among the world’s leading analysts of a variety of industrial sectors. They combine their expert insight with our state-of-the-art economic models and tools to answer the crucial questions facing our clients.
Senior Economist, Industry
Director of Industry Consulting
Read the report
Complete the form below to download the report.
Recent Climate Scenario reports
Funding the Future: The UK’s energy transition in a global context
This report commissioned by Energy UK investigates what governments around the world have done to attract investment in clean technologies and what this means for the UK as it considers its next steps in the energy transition.Find Out More
The Clean Growth Gap: How low carbon energy investment can transform the UK
This report sponsored by Energy UK investigates the challenges the UK faces in attracting sufficient private sector investment to finance its clean energy transition. It also details the economic benefits that transition could bring.Find Out More
Delivering Value: The Economic Impact of the Civil Nuclear Industry
The study suggests the civil nuclear industry supports a £16.1 billion contribution to UK GDP, 211,500 jobs, and £7.1 billion in tax revenues. 24% occurs in the North West and 16% in the South West.Find Out More
Australian Rail Market Outlook
BIS Oxford Economics was commissioned by the Australian Railway Association to examine the outlook for Australia’s railway construction and maintenance work for the next 10 years and presents the key drivers of activity at a national and state level.Find Out More