UK renewable market sector set to double in size by 2035
The Association for Renewable Energy and Clean Technology (REA) has confirmed in its latest annual report, REview23, that the renewable energy and clean technology sector has seen significant growth and now employs over 140,000 people in the UK.
According to REA, this figure is set to increase to 210,000 by 2035, even though the report highlights the challenges with the transition to clean energy.
Although one of the takeaways from the report is the economic potential to the UK, it confirms that government will need to push forward and fully support the transition for the 2050 net zero targets to be hit.
Dr Nina Skorupska, Chief Executive of the REA, said: “The urgent need to unlock policy and investment blockages is clear throughout REview23, which shows that in 2022, only 14% of the UK’s total energy consumption came from renewable sources across heat, transport and power according to government statistics.
“While we continued to see the dynamic resilience of the renewable energy and clean technology sector over 2022 through the energy crisis, as well as months of political and policy uncertainty, we are not immune to real world economic forces.
“Indeed, at times it can feel as if we are wading through treacle when repeatedly being challenged to make the economic case for net zero.”
The renewable energy and clean technology industry is poised to double its market value from £23 billion in 2022 to £46 billion by 2035.