The UK green economy is on track to be worth less than 2% of GDP by 2050, according to the Tony Blair Institute For Global Change.
“Betting everything on green growth would therefore be a mistake and it must be a pillar of the UK’s growth strategy, but it cannot be the whole strategy,” it notes.
“To succeed, the UK must cultivate multiple engines of growth and not skew its strategy too heavily towards ‘green’.”
Even in a best-case scenario, green manufacturing is expected to employ around 425,000 people by 2050, fewer than the 700,000 people currently employed in grey industries.
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