Can the UK deliver green growth without hurting productivity? Examine trade-offs in energy policy, investment and innovation shaping long-term prosperity.
www.jbs.cam.ac.uk
1
UK industry’s green tech investment challenges
A lack of evidence that UK industry is well placed to benefit from first-mover investments in hydrogen, nuclear power and carbon capture, usage and storage, as such technologies require scale for success perhaps best suited to other larger countries.
2
Labour market disruptions from green policies
Green policies affect labour markets via supply chain disruption and reduction in overall demand. While many workers in carbon-intensive sectors like oil and gas would shift to greener jobs, this will entail significant transition costs at least in the short term.
3
Limited job creation in green industries
“Not many jobs can be created in new green industries, that is economic activities that seek to minimise impact to the environment.” While renewable energy is supposedly more labor-intensive than conventional energy at the construction and installation stages, data from the International Energy Agency shows that with the exception of solar installation “renewable projects create the least jobs, between one and 2 jobs per million dollars of capital investment”, while energy efficiency in buildings and industry are far more job creating based on such measures.
www.bbc.co.uk
www.facebook.com
