As the UK moves into a period of recovery, there has been a lot of mention for a focus to be on an economic recovery, which we had recently covered in a post exploring the impact of this easing lockdown.
However, as increasing pressure is placed on finding an economic recovery that falls in like with the UK’s emission goals, it has become clear that there are a growing number of opportunities in a renewed focus on our energy infrastructure.
Green energy has already become a pillar of the UK economy. Offshore wind value has already climbed by 17% with the solar industry falling a little behind growing by 7%. There are also suggestions that following the UKs last financial crisis, the green economy contributed substantial growth by supporting tens of thousands of new jobs and new export markets, something that may be increasingly important as it was recently announced that the UK GDP has shrunk by 20.4% following the COVID-19 crisis.
This renewed focus also comes at a time where there is increasing pressure being placed on the government to secure an environmental recovery following COVID-19. Combined with the support of the public, who after being surveyed have also shown the demand for this to be a priority – now may be the perfect time to make this change and grab a huge corner of the world’s renewable energy investments. With a strong history in providing jobs it may help ease the transition for the 1.4 million currently expected to be unemployed once lockdown is fully lifted.
The New Economics Foundation think-tank have also recently stated that the goals for the country have never been more aligned. As we start to fully understand the climate impact that the pandemic has had, alongside the economic recovery that is required, the two measures for recovery are moving hand in hand. If this is able to be capitalised on, it may go a long way in helping to reach the net zero goal set out for 2050.
To find out ways in which Utility Trade Group can assist your business in helping with this renewed focus on energy infrastructure, please get in touch with us today to hear about the solutions available to you.
