The biggest business organization in the UK is advocating for an industrial plan that it claims will draw in outside capital to finance the shift to a green economy.
In light of the recent stagnation of the UK economy, analysts at the Confederation of British Industry (CBI) believe that the value of green businesses such as energy storage, renewable energy, and eco-friendly heating is increasing and will help release extra cash for the UK.
The UK has pledged to achieving net zero by 2050, but the study was released after the Conservatives launched a rhetorical assault on climate policies and Labour withdrew its £28 billion plan for green investments.
Achieving net zero emissions involves making adjustments to nearly every industry, including building, transportation, food, and housing.
According to the CBI Economics research, the companies putting these reforms into practice, such as solar panel installers and green financing advisers, added £74 billion in Gross Value Added (GVA) in 2022–2023—more than Wales’s economy (£66 billion).
